Item 7A~'"
AGENDA ITEM 7A
SEPTEMBER 27, 2004
~*
ORDINANCE NO. 20-04-65
AN ORDINANCE ADOPTING THE FINAL BUDGET FOR
~,,, THE CITY OF ATLANTIC BEACH, FLORIDA FOR
FISCAL YEAR BEGINNING OCTOBER 1, 2004 AND
ENDING SEPTEMBER 30, 2005.
WHEREAS, the City Commission of the City of Atlantic Beach, Florida, on September
13, 2003, 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,
2004 and ending September 30, 2005 in the amount of $24,972,991.
~.. 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 2004/2005 budget be adopted, and
2. This ordinance shall take effect immediately upon its adoption.
Passed by the City Commission on first reading this 13`~ day of September 2004.
Passed by the City Commission on second and final reading this day of
September 2004.
John S. Meserve
Mayor /Presiding Officer
Approved as to form and correctness:
Alan C. Jensen, Esquire
City Attorney
ATTEST:
Jim Hanson
Interim City Clerk
AGENDA ITEM 7A
SEPTEMBER 27, 2004
City of Atlantic Beach
Combined Summary of Revenues and Expenditures
Summary of all Funds
Actual Actual Estimate Budget Increase
2001-2002 2002-2003 2003-2004 2004-2005 (Decrease)
Cash Forward 30,392,038 27,543,441 24,187,312 21,749,614 (2,437,698)
Revenues
General Fund 7,409,520 8,965,241 8,941,333 9,166,252 224,919
Special Revenue Funds 1,446,109 1,573,426 1,768,082 1,512,428 (255,654)
Debt Service Fund 222,013 497,339 72,086 73,035 949
Capital Project Fund 754,734 117,765 1,180 0 (1,180)
Enterprise Funds 8,912,983 8,649,805 9,230,976 10,385,345. 1,154,369
Internal Service Funds 2,081,960 0 0 0 0
Trust and Agency Funds 114,388 1,571,999 1,154,105 1,299,304 145,199
Total Reveunes 20,941,707 21,375,575 21,167,762 22,436,364. 1,268,602
Other Financing Sources 756,768 1,197,852 9,297 0 (9,297)
Total Resources 52,090,513 50,116,868 45,364,371 44,185,978 (1,178,393)
Expenditures
General Fund 7,216,427 8,665,956 9,492,228 10,924,636 1,432,408
Special Revenue Funds 1,927,085 1,976,520 2,029,747 2,250,984 221,237
Debt Service Fund 220,330 546,178 71,086 72,435 1,349
Capital Project Fund 1,170,062 157,513 10,477 0 (10,477)
Enterprise Funds 11,305,244 13,678,854 10,684,668 11,005,439 320,771
Internal Service Funds 2,067,935 0 0 0 0
Trust and Agency Funds 585,990 593,889 634,609 719,497 84,888
DIVISION TOTALS 24,493,074 25,618,910 22,922,815. 24,972,991 2,050,176
Other Financing Uses 53,999 310,646 691,942 0 (691,942)
Cash Reserves 27,543,441 24,187,312 21,749,614 19,212,987 (2,536,627)
Total Expenses and Cash 52,090,514 50,116,868 45,364,371 44,185,978 (1,178,393)
Resource Allocation
Personal Services 6,878,039 7,270,136 7,692,621 8,052,983 360,362
Operating Expenses 7,476,964 7,531,503 7,562,879 7,665,882 103,003
Capital Outlay 5,561,977 7,023,631 3,869,095 4,479,354 610,259
Debt Service 1,928,196 2,249,756 1,751,512 1,756,403 4,891
Transfers 2,647,898 1,543,884 2,046,708 3,018,369. 971,661
Total 24,493,074 25,618,910 22,922,815 24,972,991 2,050,176
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