Okaloosa County BOCC — June 3, 2014 — FY2015 Budget — reading text

MID-BAY BRIDGE AUTHORITY Fiscal Year 2015 Budget Cash and Investment Carry Forward Interest USAF Escrow Administration Receipts Gross Toll Receipts Total Receipts and Other Sources Disbursements Cost of Administration Cost of Operations Trustee Fees TFRTF Payment Debt Service — Principal, Interest Total Operation and AdministrationExpenses Net Change Capital Expenditures Restoration Project Expenditures Ending Cash and Investments 10/1/2014 Executive, Administration, Legal Auditing & Accounting Executive, Administration, Legal Professional Services Advertising O&M Expense Depreciation 9/30/2015 Note - Budget for the Authority is prepared on a cash basis. FY2015 Budget 69,800,000 913,000 22,256,000 23,169,000 127,400 78,000 247,100 174,000 100,000 2,868,833 5,000 61,000 159,000 14,313,000 18,133,333 5,035,667 2,000,000 72,835,667 RESOLUTION 2014-08 MID-BAY BRIDGE AUTHORITY WHEREAS, the procedure regarding the annual budget of the Authority is established by legislation as set forth in Chapters 86-465, 88-542, and re-codified as 2000-411 Laws of Florida; and WHEREAS, as prescribed in Section 6(1)(b), 2000-411, Laws of Florida, prior to June 1 the Authority must produce and adopt a proposed. budget by resolution; and WHEREAS, as prescribed in Section 6(1)(a) an advertised Public Hearing was held this day before the citizens of Okaloosa County; and WHEREAS, at the time the Authority prepares its annual budget, it is required to determine and find the estimated amounts to be expended in the operating expense accounts (exclusive of any bonds or other obligations) for the Authority in the ensuing year; and WHEREAS, as a Dependent Special District the Authority submits the Budget to the Board of County Commissioners of Okaloosa County. NOW THEREFORE BE IT RESOLVED, that the Mid-Bay Bridge Authority adopts the attached Budget reflecting operating expenses for Fiscal Year 2015 as follows: Operating Expenses Administration $205,400 Operations 521,100 Trustee Fees 61,000 Total $787,500 BE IT FURTHER RESOLVED, that on the 3" day of June 2014 the Authority will present the Fiscal Year 2015 Budget and Certified Resolution 2014-08 to the Board of Commissioners, Okaloosa County, Florida for approval. Adopted this 15"" day of May 2014 For the way lhe Gor on E. Fornell, Chair Attest: oa Cy A = = James D. Neilson, Member MID-BAY BRIDGE AUTHORITY CERTIFIED RESOLUTION The undersigned Member of the Mid-Bay Bridge Authority certifies that the attached is a true, correct and complete copy of Resolution 2014-08 duly adopted by the members of the Authority at a regular meeting on May 15, 2014, and that said Resolution has not been revoked. Dated this 15" day of May 2014 For the MID-BAY BRIDGE AUTHORITY = z ~~ Sa > vay : i SEG Se 2 = <_Sartes D. Neilson, Member —