Item 7A- Ordinance No. 20-17-146ORDINANCE NO. 20-17-146
AN ORDINANCE ADOPTING THE FINAL BUDGET FOR THE
CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR
BEGINNING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30,
2018.
WHEREAS, the City Commission of the City of Atlantic Beach, Florida, on September 18,
2017, 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, 2017
and ending September 30, 2018 in the amount of$32,265,742.
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 2018 budget be adopted, and
2. This ordinance shall take effect immediately upon its adoption.
Passed by the City Commission on first reading this 11th day of September 2017.
Passed by the City Commission on second and final reading this 25th day of September
2017.
Mitchell E. Reeves
Mayor I Presiding Officer
Approved as to form and correctness:
Brenna M. Durden
City Attorney
ATTEST:
Donna L. Bartle
City Clerk
Draft Agenda Item 7A
September 25, 2017
City of Atlantic Beach
Combined Summary of Revenues and Expenditures
Summary of all Funds
Actual Actual Estimate Budget Increase
2014-2015 2015-2016 2016-2017 2017-2018 (Decrease}
Cash Forward 38,796,383 43,184,576 44,753,974 46,651,927 1,897,953
Revenues
General Fund 11,270,909 11,871,506 11,837,705 12,758,453 920,748
Special Revenue Funds 1,546,872 1,908,090 1,615,694 1,642,801 27,107
Capital Project Fund 285,454 938,408 1,061,100 303,000 (758,100)
Enterprise Funds 11,710,693 12,129,420 12,997,952 13,284,395 286,443
Trust and Agency Funds 2,118,275 4,567,762 3,914,620 3,708,908 (205,712)
Total Revenues 26,932,203 31,415,186 31,427,071 31,697,557 270,486
Other Financing Sources 867,098
Total Resources 66,595,684 74,599,761 76,181,045 78,349,484 2,168,439
Expenditures
General Fund 10,624,305 12,225,421 11,429,661 13,406,134 1,976,473
Special Revenue Funds 1,321,876 1,742,816 1,731,258 1,825,300 94,042
Capital Project Fund 192,157 3,944,160 929,111 303,000 (626,111)
Enterprise Funds 9,487,930 9,676,193 13,521,301 14,602,033 1,080,732
Trust and Agency Funds 1,784,840 2,069,714 1,917,787 2,129,275 211,488
DIVISION TOTALS 23,411,109 29,658,304 29,529,118 32,265,742 2,736,624
Other Financing Uses 187,483
Cash Reserves 43,184,576 44,753,975 46,651,927 46,083,743 (568,185}
Total Expenses and Cash 66,595,684 74,599,761 76,181,045 78,349,484 2,168,439
Resource Allocation
Personnel Services 9,067,644 9,802,554 9,242,648 10,938,208 1,695,560
Operating Expenses 10,310,196 10,884,636 11,162,217 12,677,421 1,515,204
Capital Outlay 1,945,848 5,549,950 5,086,393 4,921,000 (165,393)
Debt Service 739,211.26 1,234,990 2,008,190 2,005,868 (2,322)
Transfers 1,348,210 2,186,174 2,029,670 1,723,245 (306,425)
Total 23,411,109 29,658,304 29,529,118 32,265,742 2,736,624
Draft Agenda Item 7A
September 25, 2017