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Item 7AAGENDA ITEM # 7A SEPTEMBER 28, 2009 ORDINANCE N0.20-09-99 AN ORDINANCE ADOPTING THE FINAL BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1, 2009 AND ENDING SEPTEMBER 30, 2010. WHEREAS, the City Commission of the City of Atlantic Beach, Florida, on September 14, 2009, 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, 2009 and ending September 30, 2010 in the amount of $29,756,862. 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 2009/2010 budget be adopted, and 2. This ordinance shall take effect immediately upon its adoption. Passed by the City Commission on first reading this 14th day of September 2009. Passed by the City Commission on second and final reading this day of September 2009. Mike Borno Mayor Pro Tem/Presiding Officer Approved as to form and correctness: Alan C. Jensen, Esquire City Attorney ATTEST: Donna L. Bartle, CMC City Clerk AGENDA ITEM # 7A SEPTEMBER 28, 2009 City of Atlantic Beach Combined Summary of Revenues and Expenditures Summary of all Funds Actual Actual Estimate Budget Increase 2006-2007 2007-2008 2008-2009 2009-2010 (Decrease) Cash Forward 26,959,398 29,683,208 28,149,952 24,085,029 (4,064,923) Revenues General Fund 10,665,729 10,943,431 10,484,752 11,796,728 1,311,976 Special Revenue Funds 1,709,853 1,482,891 1,407,858 1,290,644 (117,214) Debt Service Fund 73,759 69,723 68,600 69,000 400 Capital Project Fund 0 332,938 332,000 1,002,000 670,000 Enterprise Funds 9,485,776 11,944,047 12,604,300 16,547,948 3,943,648 Trust and Agency Funds 2,980,968 (756,997) 2,161,708 2,360,115 198,407 Total Revenues 24,916,085 24,016,033 27,059,218 33,066,435 6,007,217 Other Financing Sources 952,875 788,018 567,576 0 (567,576) Total Resources 52,828,158 54,487,259 55,778,746 57,151,464 1,374,718 Expenditures Genera! Fund 10,692,435 10,797,761 13,412,397 10,&52,089 (2,760,308) Special Revenue Funds 1,329,069 2,081,860 1,872,980 1,862,618 (10,362) Debt Service Fund 72,482 70,965 71,355 71,560 205 Capital Project Fund 0 0 35,000 415,000 380,000 Enterprise Funds 10,141,428 11,915,668 15,046,965 15,722,729 675,764 Trust and Agency Funds 881,520 887,839 1,020,079 1,032,865 12,786 DIVISION TOTALS 23,118,934 25,754,093 31,458,776 29,756,862 (1,701,914) Other Financing Uses 28,016 583,214 232,941 0 (232,941) Cash Reserves 29,883,208 28,149,952 24,085,029 27,394,602 3,309,573 Total Expenses and Cash 52,828,158 54,487,259 55,776,746 57,151,464 1,374,718 Resource Allocation Personal Services 9,086,164 9,606,108 10,180,906 10,274,527 93,621 Operating Expenses 8,406,218 9,074,993 9,255,951 8,564,125 (691,826) Capital Outlay 2,605,940 2,906,185 6,559,237 6,084,807 (474,430) Debt Service 1,675,553 1,682,914 1,680,607 1,755,495 74,888 Transfers 1,343,059 2,483,893 3,782,075 3,077,908 (704,167) Total 23,116,934 25,754,093 31,458,776 29,756,862 (1,701,914)