R92-169RESOLUTION NO. R92-/~
A RESOLUTION OF THE CITY COb~ISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA,
ADOPTING A FINAL BUDGET FOR IrHE FISCAL
YEAR BEGINNING OCTOBER 1, 1992 AND
ENDING SEPTEMBER 30, 1993; DETERMINING
AND FIXING THE .AMOUNTS NECESSARY TO
CARRY ON THE GOVERNMENT OF THE CITY FOR
THE ENSUING YEAR; DETErmINING THE AMOUNT
OF APPLICABLE FUNDS ON RAND; ESTIMATING
RECEIPTS FOR THE GENERAL FUND; VOTED
DEBT SERVICE FUNDS; CAPITAL IMPROVEMENT
FUND~ PUBLICITY FUND; UTILITIES FUND;
VEHICLE SERVICE FUND; SANITATION FUND;,
LOCAL OPTIQN GAS TAX FUND; WAREHOUSE
FUND.; CRA/COMMUNiTY IMPROVEMENT FUND;
GOLF coURsE. FUND;-- PUBLIC sERVICE TA~
BoNDS ~UNDS, ~AND SELF-INSU~A~CE FUND;
PROVIDING FORI SEVERABILITY; pROvIDING
FOR ~cQNFLIcTS, kND PROVIDING FOR AN
EFFEcTiVE DATE.
WHEREAMi,
expenditures
Florida, for the ensuing years with detailed information,
including revenues to be derived from sources other than ad
valorem levy, and the administrative staff of the City has
Lade recommendations as to the amount necessary to be
appropriated for the ensuing year; and
WI~EREAS, the City Commission has met and considered the
~ecommendations, the suggested tentative budget, and the
proposed millage necessary to be levied to carry on the
government of the City for the ensuing year;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
OF THE CITY OF BOYNTON BEACH, FLORIDA, THAT:
Section 1. The Final Budget of the City of Boynton
Beach, Florida, for the fiscal year beginning October 1,
1992 and ending September 30, 1993, is hereby adopted and
the appropriations set out therein are hereby made to
naintain and carry on the government of the City of Boynton
Beach, Florida.
Section 2. That there is hereby appropriated the
~um of ~29,331,553 to the General Fund for the payment of
operating expenses and necessary capital outlays for the
City Government pursuant to the terms of the above budget.
Section 3. That there is hereby appropriated the
sum of $973,142.00 to the interest and sinking fund for
a Final Budget has been prepared estimating
and revenues of the City of Boynton Beach,
~he general debt service for the purpose of paying the
interest, principal and reserve due on the general
)bligation bonds of the City not subject to statutory
exemptions and for redeeming such bonds as they mature.
Section 4. That there is hereby appropriated the
sum of $15,505.00 to the Publicity Fund for the payment of
Dperating expenses pursuant to the terms of the above
budget.
Section 5. That there is hereby appropriated the
~um of $1,749,643.00 to the Capital Improvement Fund for the
)ayment of capital outlays pursuant to the terms of the
above budget.
Section 6. That there is hereby appropriated the
sum of $5,427,595.00 to the Sanitation Fund for the payment
Df operating expenses and necessary capital outlays.
Section 7. That there is hereby appropriated the
~um of $1,445,928.00 to the Golf Course Revenue Fund for
)perating expenses and necessary capital outlays.
Section 8. That there is hereby appropriated the
sum of $525,210.00 to the Boynton Beach Recreational
Facilities Fund for the purpose of paying Debt Service due
on the Golf Course Recreational Bonds, the sum of $9,802.00
for the depreciation of fixed assets and amortization of its
discounts, for a total of $1,980,940.00
Revenue Bond
Dollars.
Section 9. That there is hereby appropriated the
sum of $2,021,836.00 to the Vehicle Service Fund for the
payment of operating expenses and necessary capital outlays.
Section 10. That there is hereby appropriated the
sum of $754,500.00 to the Local Option Gas Tax Fund for the
~ayment of operating expenses and necessary capital outlays.
Section 11. That there is hereby appropriated the
~um of $11,797,459.00 to the Water and Sewer Utility Fund
for operating expenses and necessary capital outlay.
Section 12. That there is hereby appropriated the
sum of ~4,390,630.00 to the Water and Sewer Utility Fund for
the purpose of paying debt service due on the Water and
~ewer Revenue Bonds, the sum of $3,952,575.00 for the
depreciation of fixed assets, renewal and replacement and
amortization of its Revenue Bond discounts, for a total of
20,140,664.00
Section 13. That there is hereby appropriated the
sum of $114,253.00 to the Warehouse Fund for the payment of
Dperating expenses and necessary capital outlays.
Section 14. That there is hereby appropriated the
~um of $498,267.00 to the Community Redevelopment
%genc¥/Community Improvement Fund for the payment of
)perating expenses and necessary capital outlays.
Section 15. That there is hereby appropriated the
!sum of $2,338,180.00 to the interest and sinking fund for
Igenera! debt service for the purpose of paying the interest,
lprincipal and reserve due on the public service tax bonds of
the City not subject to statutory exemptions and for
redeeming such bonds as they mature.
Section 16. That there is hereby appropriated the
sum of $2,848,409.00 to the Self-Insurance Fund for the
payment of operating expenses.
Section 17. Ail delinquent taxes collected during
~he ensuing fiscal year as proceeds from levies of operation
millages of prior years are hereby specifically appropriated
for the use of the General Fund.
Section 18. If any clause, section or other part of
this Resolution shall be held by any court of competent
jurisdiction to be unconstitutional or invalid, such
unconstitutional or invalid part shall be considered as
~liminated and shall in no way affect the validity of the
remaining portions of this Resolution.
Section 19. Ail Resolutions or
in conflict herewith
such conflict.
Section 20.
parts of Resolutions
are hereby repealed to the extent of
This Resolution shall become effective
mmediately upon passage.
PASSED A~D ADOPTED this ~ day of September, 1992.
ATTEST:
CITY OF BOYNTON BEACH, FLORIDA
Mayor
Commis s'i oher f
Comwai s s ~n~r
2it~ Clerk
(Corporate Seal)
?INALBUD.RES
9/17/92