Item 7AAGENDA ITEM # 7A
SEPTEMBER 24, 2007
ORDINANCE N0.20-07-87
AN ORDINANCE ADOPTING THE FINAL BUDGET FOR THE
CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR
BEGINNING OCTOBER 1, 2007 AND ENDING SEPTEMBER 30,
2008.
WHEREAS, the City Commission of the City of Atlantic Beach, Florida, on September 17,
2007, held a public hearing as required by Florida Statute 200.065; and
WHEREAS, the City Commission of the City of Atlantic Beach, Florida, set forth the
appropriations and revenue estimate for the budget for Fiscal Year beginning October 1, 2007
and ending September 30, 2008 in the amount of $29,344,270.
NOW, THEREFORE, BE IT ENACTED BY THE CITY COMMISSION ON BEHALF
OF THE PEOPLE OF THE CITY OF ATLANTIC BEACH, FLORIDA, that;
1. The fiscal Year 2007/2008 budget be adopted, and
2. This ordinance shall take effect immediately upon its adoption.
Passed by the City Commission on first reading thins 17th day of September 2007.
Passed by the City Commission on second and final reading this day of September
2007.
Donald M. Wolfson
Mayor /Presiding Officer
Approved as to form and correctness:
Alan C. Jensen, Esquire
City Attorney
ATTEST:
Donna L. Bussey, CMC
City Clerk
AGENDA ITEM # 7A
SEPTEMBER 24, 2007
City of Atlantic Beach
Combined Summary of Revenues and Expenditures
Summary of all Funds
Actual Actual Estimate Budget Increase
2004-2005 2005-2006 2006-2007 2007-2008 (Decrease)
Cash Forward 23,912,693 25,274,211 26,959,398 26,471,624 (487,774)
Revenues
General Fund
Special Revenue Funds 9,777,506
1
830
048 10,485,321
1
7 10,663,698 11,336,598 672,900
Debt Service Fund ,
,
73,899 ,
54,850
72,669 1,766,443
73,048 1,778,801
70,966 12,358
(2
082)
Capital Project Fund 286 0 0 330,000 ,
330
000
Enterprise Funds
Trust and Agency Funds 10,640,628
1
906
544 8,799,935
2
11 9,793,024 14,510,055 ,
4,717,031
,
, ,
7,320 1,918,626 1,989,846 71,220
Total Revenues 24,228,911 23,230,095 24,214,839 30,016,266 5,801,427
Other Financing Sources 77,967 91,111 0 0 0
Total Resources 48,219,571 48,595,417 51,174,237 56,487,890 5,313,653
Expenditures
General Fund 10,795,647 9,594,009 10,993,565 10,785,873 (207
692)
Special Revenue Funds 1,865,021 1,675,362 1,700,578 2,872,356 ,
1
171
778
Debt Service Fund 72,429 71,505 72,477 70,966 ,
,
(1
511)
Capital Project Fund 27,936 0 0 330,000 ,
330
000
Enterprise Funds 9,145,452 9,237,098 11,243,118 14,582,641 ,
3
339
523
Trust and Agency Funds 703,990 782,479 692,875 702,434 ,
,
9,559
DIVISION TOTALS 22,610,475 21,360,453 24,702,613 29,344,270 4,641,657
Other Financing Uses 334,885 275,566 0 0 0
Cash Reserves 25,274,211 26,959,398 26,471,624 27,143,620 671,996
Total Expenses and Cash 48,219,571 48,595,417 51,174,237 56,487,890 5,313,653
Resource Allocation
Personal Services 7,889,192 8,371,588 8,899,857 9,145,091 245
234
Operating Expenses 7,554,652 8,391,538 8,877,257 8,953,020 ,
75
763
Capital Outlay 2,433,580 2,042,419 3,906,745 7,263,090 ,
3
356
345
Debt Service 1,600,239 1,765,831 1,675,695 1,683,795 ,
,
8
100
Transfers 3,132,812 789,077 1,343,059 2,299,274 ,
956,215
Total 22,610,475 21,360,453 24,702,613 29,344,270 4,641,657
