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Okaloosa County BOCC — May 17, 2013 — Mid-Bay Authority Resolution — reading text
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RESOLUTION 2013-10
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 2014 as follows:
Operating Expenses
Administration $207,300
Operations 431,900
Trustee Fees 62,000
Total $701,200
BE IT FURTHER RESOLVED, that on the 7th day of May 2013 the Authority will present the
Fiscal Year 2014 Budget and Certified Resolution 2013-10 to the Board of Commissioners,
Okaloosa County, Florida for approval.
Adopted this 2nd day of May 2013
For the
MID-BAY BRIDGE AUTHORITY
_________________________________
Gordon E. Fornell, Chair
Attest:
_________________________________
Lois H. Hoyt, Secretary-Treasurer