Fort Walton Beach Ordinance — 853--Adopt Budget FY85-86 — reading text

fl." . City of Fort Walton Beach ~~ J i' HOME OF THE Y'~ if~<: @~ 853 AN ORDINANCE MAKING APPROPRIATIONS FOR CERTAIN EXPENDITURES, EXPENSES, CAPITAL IMPROVEMENTS AND CERTAIN INDEBTEDNESS OF THE CITY OF FORT WALTON BEACH, FLORIDA, FOR THE YEAR BEGINNING OCTOBER 1, 1985 AND ENDING SEPTEMBER 30, 1986, PROVIDING THE EFFECTIVE DATE HEREOF. WHEREAS, the City of Fort Walton Beach is coming to the conclusion of its fiscal year and will enter into a new fiscal year on October 1, 1985 and WHEREAS, it is necessary and required that prior to entering into a fiscal year a budget should be passed and adopted for the operation of the City government; and WHEREAS, the City Council has held numerous workshops and the required public hearings on a budget for the fiscal year beginning October 1, 1985 and ending September 30, 1986; and NOW, THEREFORE, BE IT ENACTED BY THE PEOPLE OF THE CITY OF FORT WALTON BEACH, FLORIDA: SECTION I. That the following be, and the same hereby reflects the estimated revenues and budget appropriations of the City of Fort Walton Beach, Florida, for the period beginning October 1, 1985 and ending September 30, 1986. SUMMARY OF GENERAL FUND SUMMARY OF ALL OTHER FUNDS Revenues $ 8, 585, 107 Revenues $ 4, 931, 500 Appropriations 9, 076, 579 Appropriations 5, 540, 820 Total combined budget $ 14, 617, 399 less transfers $ 2, 294, 000 or net combined budget $ 12, 323, 399. SECTION 2. That the schedules attached hereto are made a part of this ordinance. SECTION ~. All budget ( appropriations) are based upon the total expenditures and/ or expenses even though the budget has been prepared based on line items. Appropriations may be transferred for the purpose of equalization when necessary by approval of the City Manager and Finance Director. SECTION 4. There is hereby levied a tax at the rate of 4. 929 mills on property assessed as of January 1, 1985 for the purpose of raising revenue for General Fund operating and . 071 mills on the same property assessment for the purpose of general debt service requirements. Water and Sewer Funds debt service will be paid from revenues or transfers of the Water and Sewer Funds.  2- SECTION 5. That all unexpended appropriations, except those for commitments which are incomplete at September 30, 1985 be and special projects or the same are hereby cancelled as of September 30, 1985. All appropriation credit balances are to be transferred to unappropriated surplus and placed to the credit show overdraft for the fiscal year 1984- 85, of all appropriation accounts which an an amount necessary from unappropriated surplus to balance same and to close all such accounts for the Fiscal Year 1984/ 1985. Special projects or commitments which are incompleteas of September 30, 1985 will be continued or made a part of the 1986 appropriations or expenses. SECTION 6. This ordinance shall become effective on and after October 1, 1985. ADOPTED: ~ : Jt;; / 9~ 5 MAYOR: ~ d~( 2 I '- ATTEST: c~ CI!c& The form and legal sufficiency of the foregoing has been reviewed and approved by the City Attorney. 1. (' IN 1> I8P081TIOlf JAMES E. O~ CITY ATTORNEy J ,; , IJ CITY OF FORT WALTON BEACH, FLORIDA 1985- 86 BUDGET 0.. 1. ~~~~ ON.,_~IAC:.~:.~_ A: t. Je. It..._:>>. U""__'_'__"_"""'''-::;';';':;'':=~~''''''_.__...._._..-:':=~~::::;;:,::::.;.;.:.",;,;...;.;...:.~~;.;...~~:::;.;..;...;:::~~ r..:......... -:.-'" . - -.- -. ...., ".:....  City of Fort Walton Beach INTER- OFFICE MEMORANDUM DATE: ~ August 20, 1985 TO: Mayor and City Council FROM: Cit~ Manager ~ SUBJECT: Fiscal Year 1985- 86 Budget On the following pages, you will find the projected operating budget for the City of Fort Walton Beach for the 1985- 86 fiscal year. In the General Fund, our proposed projected revenues are $ 8, 562, 107., rate increase. This is an increase of 2. 2% which includes a millage over last year' s revenue of $ 8, 373, 388. On the expenditure side, we total of $ 9, 070, 034., which includes the operation of are projecting a all departments and their capital outlay, with the exception of water and sewer departments. This figure represents a 5. 7% reduction from last year' s expenditures of $ 9, 183, 324. The proposed revenue for the Water Fund is $ 993, 000., for a 13. 37% increase over last year, with an operating budget of $ 667, 894., which reflects a 6. 5% increase. The Sewer Fund projected revenue is 1, 230, 000., or 11. 69% over last year' s revenue, and expenditures are to be $ 1, 047, 390., up 5. 39% from a year ago. The above projected increases contain a slight rate increase to cover operation costs. As you can see, our operating budget is still just over General Fund 500, 000. inexcess of our projected revenues. This is partially due to revenues less than previously projected from the State of Florida in and Gasoline, Cigarette, and the areas of Road and Bridge Taxes, Alcohol Taxes, and the legislation which reduced the franchise tax we will be receiving from Centel. We expect to receive $ 150, 000. from Federal Revenue Sharing. That coupled with approximately $ 63, 000. remaining in the Fund from last year will be reprogrammed to purchase including a backhoe for the Construction and Maintenance equipmentr and Department, an automated garbage truck, and other vehicles to provide the '~itizens of Fort Walton Beach with machinery necessary the leve\ of service which they have come to expect. 1. HOME OF TflE c; Y~ cY~ August 20, 1985 Fiscal Year 1985- 86 Budget Page 2 of 2 One additional note; the budget we al~e proposing has no recommendation for an across- the- board salary increase for the general employees. Calculations show that if Counci1 chooses to entertain such an increase, the cost will be approximately $ 55, 000. for each 1% increase, including salary and benefits. I look forward to, meeting with all of you to discuss questions you may have. js f t