HomeMy WebLinkAboutCity of Tamarac Ordinance O-1980-002Introduced by V/M Massaro
Temp. # 709
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["IVy r)MgmF.'I:� Malto) asr7.1
ORDINANCE NO, 0-80-2
AN ORDINANCE PLACING ON THE BALLOT OF MARCH 11, 1980,
A PROPOSED AME=NT TO SECTION 7.03 OF THE TAMARAC CITY
CHARTER BY MODIFYING BUDGET REQUIREMENTS AND ESTABLISHING
LIMITS ON UNAPPROPRIATED SURPLUS AND ON CONTINGENCY
ACCOUNTS; PROVIDING THAT IF THE QUESTION IS APPROVED BY
A MAJORITY OF THE VOTERS AT THE MARCH 11, 1980 ELECTION IT
SHALL BECOME AN AMENU�ENT TO THE CHARTER UPON CERTIFICATION
AND ACCEPTANCE OF THE ELECTION RESULTS; PROVIDING FOR
SEVERABILITY OF INVALID PROVISIONS; AND PROVIDING AN
EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF TAMARAC, FLORID:
SECTION 1:_ That the following question is to be presented to the
electorate of the City of Tamarac at its March 11, 1980 election and if the
following question is approved by a majority of the electorate at said election it
shall become an amendment to the City Charter.
Question 3 Shall Section 7.03 of the Tamarac City Charter be amended
to limit the unappropriated surplus which the City may maintain, to limit the
amount of money that may be maintained in General Fund Contingency Accounts, and
to modify the City's Budget requirements?
If this question is approved, the words, number and punctuation
that are underscored will be added and the words, numbers and punctuation that
are struck through will be deleted.
Section 7.03 - Form and Content of Budget and Limitation on Un-
r riated S lus
The. General Fund budget shall be presented on an accrual basis for
expenditures and on a modified accrual basis for revenues, and shall provide a
complete financial plan of all funds and activities for the ensuing fiscal
year, and shall contain such details and be in such form as may be required by law
and by the Council. Also, it shall show comparative figures of expenditures and
revenues for the current and past fiscal year detailed to show the increase and
decrease in dollars and percentages. The total of estimated expenditures shall not
exceed the total of estimated revenue and appropriated fund balance. It shall also
show projected fixed expenses for the next five (5) years and expenses for pensions,
if any, and debt service.
The City guy maintain an 1ta=ropriated Spnlus of no more than ten
(10%) percent of its total proposed a enditures of the General Fund budget.
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However, the City may maintain an unappymiiated sur lus in excess of ten (10%)_
percent of the General Fund budget when it receives unanticipated -;Revenues
durinq the fiscal year.
No more than five (5%) percent of expenditures of the General Fund
budget'may be included in the budget for contin encies that may not have been
included or which may have been underestimated in the proposed expenditures.
This figure does not include unappropriated surplus.
The City shall ado t formal bud ets for all other Funds when it
deems suchbudgeting to be consistent with Generally Accepted Accounting
Principles or when required by law.
SECTION 2: If the question is approved by a majority of the voters
of the City of Tamarac at the March 11, 1980 election it shall be effective as
an amendment to the Tamarac City Charter upon certification by the Broward
County Canvassing Board and acceptance of the certification by the City Council.
SECTION 3: 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.
SECTION 4: This ordinance shall become effective immediately upon
its adopt ion, and the appropriate City officials are authorized to take
whatever actions are necessary to see that these matters are placed on the
March 11, 1980 ballot.
PASSED FIRST READING this_
_day of >1979.
PASSED SECOND READING this 3 day of ,19010.
ATTEST:
I Y A
I HEREBY CERTIFY that I have approved
the form and correctness of this
Ordinance.
AiftPL4&---
RECORD OF COUNCIL VOTE
MAYOR: R�
DISTRICT 1:
DIST :!CT 2:
DISTRICT 3:
DISTRICT 4:
I..