HomeMy WebLinkAboutCity of Tamarac Ordinance O-1985-0471
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Introduced by: Temp.Ord. #1223
Revised 9/30/85
CITY OF TAMARAC, FLORIDA
ORDINANCE NO. 0-85-_V�?
AN ORDINANCE ADOPTING THE REVENUE FUND; SINKING
FUND -BOND SERVICE FUND; SINKING FUND -RESERVE
ACCOUNT; RENEWAL AND REPLACEMENT FUND; GENERAL
RESERVE FUND; GENERAL RESERVE CIAC'S FUND;IN LIEU
OF TAX FUND; AND CONSTRUCTION FUND OF THE CITY OF
TAMARAC WATER AND SEWER SYSTEM WEST OF STATE ROAD
7 FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1985;
PROVIDING FOR SEVERABILITY OF INVALID PROVISIONS;
AND PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF TAMARAC, FLORIDA:
SECTION 1: That the annual Revenue Fund Budget of the
Utility serving customers west of State Road 7 of estimated
expenses and receipts for the Fiscal Year 1985/86 reflecting the
total revenues and expenditures of $6,105,8.16,00_, _. _ as set forth
in Exhibit A, attached hereto and made part hereof as fully as
if set forth verbatim herein, be, and the same is hereby adopted
and approved by the Council of the City of Tamarac as the
Revenue Fund Budget for the Fiscal Year 1985/86. Also adopted
by reference as part of said budget is the budget detail which
sets forth each line item in this budget.
SECTION 2: That the Sinking Fund -Bond Service Budget
of the Utility serving customers west of State Road 7 of
estimated expenses and receipts for the Fiscal Year 1985/86
reflecting the total revenues and expenditures of $1,271,955.00,
as set forth in Exhibit B, attached hereto and made a part
hereof as fully as if set forth verbatim herein, be, and the
same is hereby adopted and approved by the Council of the City
of Tamarac as the Sinking Fund Bond Service Account Budget for
the Fiscal Year 1985/86.
SECTION 3: That the Sinking Fund --Reserve Account
Budget of the Utility serving customers west of State Road 7 of
estimated expenses and receipts for the Fiscal Year 1985/86
reflecting the total revenues and expenditures of $204,000.00,
as set forth in Exhibit C, attached hereto and made a part
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Temp. Ord. #1223
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hereof as fully as if set forth verbatim herein, be, and the
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same is hereby adopted and approved by the Council of the City
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of Tamarac as the Sinking Fund Reserve Account Budget for the
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Fiscal Year 1985/86.
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SECTION 4: That the annual Renewal and Replacement
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Fund Budge of the Utility serving customers west of State Road
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7 of estimated expenses and receipts for the Fiscal Year 1985/86
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reflecting the total revenues and expenditures of $698,000.00,
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as set forth in Exhibit D, attached hereto and made part hereof
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as fully as if set forth verbatim herein, be, and the same is
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hereby adopted and approved by the Council of the City of
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Tamarac as the Annual Renewal and Replacement Fund Budget for
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the Fiscal Year 1985/86.
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SECTION 5: That the annual General Reserve Fund Bud et
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of the Utility serving customers west of State Road 7 of esti-
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mated expenses and receipts for the Fiscal Year 1985/86
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reflecting the total revenues and expenditures of $479,300.00
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as set forth in Exhibit E, attached hereto and made a part
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hereof as fully as if set forth verbatim herein, be, and the
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same is hereby adopted and approved by Council of the City of
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Tamarac as the Annual General Reserve Fund Budget for the Fiscal
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Year 1985/86.
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SECTION 6: That the annual General Reserve CIAC's Fund
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Budget of the Utility serving customers west of State Road 7 of
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estimated expenses and receipts for the Fiscal Year 1985/86
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reflecting the total revenues and expenditures of $3,982,606,0.0,
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as set forth in Exhibit F, attached hereto and made a part
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hereof as fully as if set forth verbatim herein, be, and the
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same is hereby adopted and approved by the Council of the City
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of Tamarac as the Annual General Reserve CIAC's Fund Budget for
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the Fiscal Year 1985/86.
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Temp. Ord. #1223
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SECTION 7: That the annual In Lieu of Tax Fund Budget
of the Utility serving customers west of State Road 7 of esti-
mated expenses and receipts for the Fiscal Year 1985/86
reflecting the total revenues and expenditures of $210,000.00,
as set forth in Exhibit G, attached hereto and made a part
hereof as fully as if set forth verbatim herein, be, and the
same is hereby adopted and approved by the Council of the City
of Tamarac as the In Lieu of Tax Fund Budget for the Fiscal Year
1985/86.
SECTION 8: That the annual Construction Fund Budget
of the Utility serving customers west of State Road 7 of esti-
mated expenses and receipts for the Fiscal Year 1985/86
reflecting the total revenues and expenditures of
$15,058,883.00, as set forth in Exhibit H, attached hereto and
made a part hereof as fully as if set forth verbatim herein, be,
and the same is hereby adopted and approved by the Council of
the City of Tamarac as the Construction Fund Budget for the
Fiscal Year 1985/86.
SECTION 9: Transfers shall be in accordance with Reso-
lution 79-251, as amended by Resolution 80-198, authorizing the
issuance of Bonds for the acquisition of the Utility. The City
Manager is authorized to make Intra-Fund transfers within activ-
ities and object codes if not in conflict with Resolution 79-251
as amended by Resolution 80--198.
SECTION 10: This Ordinance shall become effective upon
adoption at which time Ordinance 84-51 shall be deemed of no
further effect.
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Temp. Ord. #1223
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SECTION 11: Should any section or provision of this
Ordinance or any portion hereof or any paragraph, sentence or
word be declared by a Court of competent jurisdiction to be
invalid, such decision shall not affect the validity of the
remainder hereof as a whole or any part hereof other than the
part declared to be invalid.
PASSED FIRST READING this-,Z�� day of_ ,1985.
PASSED SECOND READING thisday of,1985.
MAYOR:-
ATTEST:
ASSISTANT CITY CLERK RECORD OF COUNCIL VOTE
MAYOR: KRAVITZ
I HEREBY CERTIFY hat I have
approved the foi and correct- DIST 4: C/M STEIN
ness t 's 0 INANCE.
DIST 3: C/M GQTTESMAN
C A T RNEY .,_,����L
DIST 2: C/M MUNITZ
DIST 1: V/M MASSARO
y/yo -5
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EXHIBIT TO ORDINANCE 85-47
A Summary of the Revenues and Expenditures Follows:
FY 84/85
Budget Actual as
FY 84 85 of 7/31 /85
REVENUES
Recommended
by City Manager
FY 85/86
Escrow Broward County
Fund
$ 90,000.00
5,420,041.00
$ 78,648.65
6,221,034.70
$ 0.00
6,105, 816.00
Revenue
Sinking
Fund - Bond Service
1,271,706.00
1,082,673.19
1,271,955.00
Sinking
Fund - Reserve Account
140,000.00
108,898.01
204,000.00
698,000.00
Renewal
& Replacement Fund
Fund
352,400.00
314,450.00
223,022.55
556,137.14
479,300.00
General
In Lieu
Reserve
of Tax Fund
0.00
155,570.31
210,000.00
General
Reserve CIAC's
2,749,900.00
1,275,008.04
3,982,606.00
Construction Fund
0.00
0.00
15,058,883.00
TOTALS:
$10,338,497.00
$ 9,700,992.59
28,010,560.00
EXPENDITURES -
row Broward County
Fund
$ 90,000.00
5420,041.00
$ 0.00
5,853,546.85
$ 0.00
6,105,816.00
en ue
Sinking
Fund - Bond Service
1:271 , 706.00
1 , 059,875.00
1,271,955.00
Sinking
Fund - Reserve Account
140,000.00
352,400.00
0.00
405,412.33
204,000.00
698,000.00
Renewal
General
& Replacement Fund
Reserve Fund
314,450.00
866,522.69
479,300.00
In Lieu
of Tax Fund
CIAC's
0.00
2,749,900.00
0.00
484,524.15
210,000.00
3,982,606.00
General Reserve
Construction Fund
0.00
204,643.66
15,058,883.00
TOTALS:
$10,338,497.00
$ 8,874,524.68
$28,010,560.00
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