R92-158RESOLUTION R92-/~-~
A RESOLUTION OF THE CITY CO-W~ISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA,
~OPTING A TENTATIVE BUDGET FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 1992,
AND Ek~ING SEPTEMBER 30, 1993; AND
DETE~5~INING AND FIXING THE A~%/OUNTS
NECESSARY TO CARRY ON THE GOVERNMENT OF
THE CITY FOR THE ENSUING YEAR;
DETERMINING THE A~OUNT OF APPLICABLE
FUNDS ON HAND; ESTIMATING RECEIPTS FOR
THE CAPITAL IMPROVEMENT FUND; PUBLICITY
FUND; UTILITIES FUND; VEHICLE SERVICE
LOCAL OPTION GAS
FUND; SA TATION FUND
TAX FUND, wA~EHOusE FUND; COMMUNITY
REDEVEL0~MENT FUND; SEL~-INSURANCE FUND;
AND GOLF C?URSEi FU~D, PROVIDING FOR
SEVERABILITY; PROVIDING FOR cONFLICTS;
~DPROU~DING FOR~AN EFFECTIVE DATE.
W'HERE~S, a tentative ~udget has been prepared by the City
Manager estimatin~ expenditures and revenues of the City for the
ensuing year, with detailed information, including revenues to
be derived from sources other than ad valorem levy, and he has
made recommendations as to the amount necessary to be
appropriated for the ensuing year; and
WHEREAS, the City Com]nission has met and considered the
the suggested budget, and the proposed millage
to be levied to carry on the government of the city
recommendations,
necessary
for the ensuing year;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA:
Section !. That the tentative 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 maintain and
carry on the government of the City of Boynton Beach, Florida.
There is hereby appropriated the sum of $~/~-~_~ 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 the general
debt service for the purpose of paying the interest, principal
and reserve due on the general obligation bonds of the City not
subject to statutory exemptions and for redeeming such bonds as
they mature.
Section 4.
$15,505.00 to the
expenses pursuant
Section 5.
That
Publicity Fund
to the terms of
That there is
there is hereby appropriated the sum of
for the payment of operating
the above budget.
hereby appropriated the sum of
$1,749,643.00 to the Capital Improvement Fund for the payment of
capital outlays pursuant to the terms of the above budget.
Section 6. That there is hereby appropriated the sum of
~5,427 to the Sanitation Fund for the payment of
operating expenses and necessary capital outlays.
Section 7. That there is hereby appropriated the sum of
$1,445,928.00 to the Golf Course Revenue Fund for operating
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 amortization of its
Revenue Bond discounts, for a total of $1,980,940.00 Dollars.
Section 9. That there is hereby appropriated the sum of
836.00 to the Vehicle Service Fund for the payment of
operating expenses and necessary capital outlays.
~ection 10. That there is hereby appropriated the sum of
$754,500.00 to the Local Option Gas Tax Fund for the payment of
operating expenses and necessary capital outlays.
Section !1. That there is hereby appropriated the sum 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 Sewer
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
$114,253.00 to the Warehouse Fund for the payment of
expenses and necessary capital outlays.
Section 14.
$498,267.00
Improvement Fund
the sum of
operating
That there is hereby appropriated the sum of
Community Redevelopment Agency/Community
for the payment of operating 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 general debt
service for the purpose of paying the interest, principal 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. A copy of the tentative budget shall be
published in one issue of a newspaper published in Palm Beach
County and at the same time the public will be notified of a
public hearing to be held on the 22nd day of September 1992, at
6:30 P.M. for the purpose of hearing objections or criticisms of
the tentative budget and millage. This meeting is for the
purpose of setting a final tax levy and final budget.
Section 18. All delinquent taxes collected during the
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 19. 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 eliminated and shall in no
way affect the validity of the remaining portions of this
Resolution.
Section 20. Ail Resolutions or parts of Resolutions in
conflict herewith are hereby repealed to the extent of such
conflict.
Section 21. This Resolution shall
immediately upon passage.
PASSED ANDADOPTEDthis /~ day of
become effective
September, 1992.
.TTEST:
Ci~ Clerk
(Corporate ~Seal )
CITY OF BOYNTON BEACH, FLORIDA
Ma~or
comm±ssioner ~/
PROPBUD.RES
9/4/92
Rev.9/8/92