R91-150RESOLUTION R91-/~
A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA,
ADOPTING A TENTATIVE BUDGET FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 1991,
AND ENDING SEPTEMBER 30, 1992; AND
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 HAND; ESTIMATING RECEIPTS FOR
THE CAPITAL IMPROVEMENT FUND; PUBLICITY
FUND[ UTILITIES FUND; VEHICLE SERVICE
FUND; SANITATION FUND, LOCAL OPTION GAS
TAX FUND; WAREHOUSE FUND; COFa~UNITY
REDEVELOPMENT FUND; SELF-INSURANCE FUND;
AND GOLF COURSE FUND; PROVIDING FOR
SEVERABILITY; PROVIDING FOR CONFLICTS;
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, a tentative budget has been prepared by the City
Manager estimating 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 Commission has met and considered the
recommendations, the suggested 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:
Section 1. That the tentative budqet of the City of
Boynton Beach, Florida, for the fiscal year beginning October 1,
1991, and ending September 30, 1992, 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 $ 28,381,154 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
S1,058,549.00 to the interest and sinking fund for the general
debt service ior 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.
$21,140.00 to the
That there is
Publicity Fund
expenses pursuant to the terms of
Section 5. That there is
hereby appropriated the sum of
for the payment of operating
the above budget.
hereby appropriated the sum of
$3,081,342,00
capital outlays
Section 6.
$5,036,038.00
to the Capital Improvement Fund for the payment of
pursuant to the terms of the above budget.
That there is hereby appropriated the sum of
to the Sanitation Fund for the payment of
operating expenses and necessary capital outlays.
Section 7. That there is hereby appropriated the sum of
$1,423,192.00 to the Golf Course Revenue Fund for operating
expenses and necessary capital outlays.
That there is hereby appropriated the sum of
Section 8.
$482,164.00 to the Boynton Beach Recreational Facilities Fund
for the purpose of paying Debt Service due on the Golf Course
Recreational Bonds, the sum of $26,583.00 for amortization of
its Revenue Bond discounts, for a total of $508,747.00 Dollars.
Section 9. That there is hereby appropriated the sum of
$1,922,638.00 to the
operating expenses
Section 10.
Vehicle Service Fund for the payment of
and necessary capital outlays.
That there is hereby appropriated the sum of
$789,500.00 to the Local Option Gas Tax Fund for the payment of
operating expenses and necessary capital outlays.
Section 11. That there is hereby appropriated the sum of
$10,528,570.00 to the Water and Sewer Utility Fund for operating
expenses and necessary capital outlay.
Section 12. That there is hereby appropriated the sum of
$4,938,159.00 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 $3,739,118.00 for the depreciation of
fixed assets renewal and replacement and amortization of its
Revenue Bond discounts, for a total of $8,677,277.00.
Section 14
$688,925.00 to
Improvement Fund
Section 13. That there is hereby appropriated the sum of
$121,520,00 to the Warehouse Fund for the payment of operating
expenses and necessary capital outlays.
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
$2,308,269~00 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
$2,112,404.00 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 19th day of September 1991, at
7:00 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. All Resolutions or parts of Resolutions in
conflict herewith are hereby repealed to the extent of such
conflict.
Section 21. This Resolution
immediately upon passage.
PASSED AND ADOPTED this ,~!~i
shall become effective
day of September, 1991.
CITY OF BOYNTON BEACH, FLORIDA
ATTEST:
C~ Clerk
Vice Mayor y
er
Commi~/sioner
/
(Corporate S~a!)
PROPBUD.RES
8/29/91