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HomeMy WebLinkAboutVI (D1) MidYear Budget Amendment- First Reading of Ordinance No. 96-07, amending Budget for FY95-96, Second Reading and Public Hearing are scheduled for May 21, 1996AGENDA 5-7-96 Item VI D 1 ORDINANCE NO. 96-07 AN ORDINANCE OF THE CITY OF OCOEE, ORANGE COUNTY, FLORIDA, RELATING TO THE CITY BUDGET; AMENDING THE CITY BUDGET ADOPTED BY RESOLUTION NO. 95-15 FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1995 AND ENDING SEPTEMBER 30, 1996 BY PROVIDING FOR INCREASE OF APPROPRIATIONS AND REDESIGNATION OF CAPITAL PURCHASES; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE. SECTION 1. Authority. The City Commission of the City of Ocoee has the authority to adopt this Ordinance pursuant to Article VIII of the Constitution of the State of Florida, Chapter 166 Florida Statutes, and Section 8 of Chapter VI of the Ocoee City Chapter. SECTION 2. Intent and Purposes. The City of Ocoee budget for the Fiscal Year beginning October 1, 1995, and ending September 30, 1996, as adopted by Resolution No. 95-15, t is hereby amended as follows: 1. Increase of appropriations totalling $1,332,083.00 in summary as follows: EXHIBIT A FUND 001 FUND 103 FUND 401 FUND 402 FUND 403 EXHIBIT B FUND 001 FUND 103 FUND 401 FUND 402 FUND 403 265,275.00 360,800.00 266,733.00 12,900.00 426,375.00 1,332,083.00 265.275.00 360,800.00 266,733.00 12,900.00 426,375.00 1,332,083.00 and as shown in detail in Exhibit A and Exhibit B, attached hereto and incorporated herein by reference are hereby confirmed, adopted and approved in all respects by the City Commission of the City of Ocoee. 2. Redesignation of Capital Purchases totalling $142,275.00 in summary as follows: EXHIBIT C FUND 001 FUND 103 FUND 401 FUND 402 FUND 403 113,510.00 30, 000.00 6,000.00 23,220.00 < 30, 455.00 > 142,275.00 and as shown in detail in Exhibit C, attached hereto and incorporated herein by reference are hereby confirmed, adopted and approved in all respects by the City Commission of the City of Ocoee. SECTION 3. Appropriations. There are expressly appropriated out of anticipated revenues all funds and monies necessary to meet the supplemental appropriations stipulated by and in said amended final budget. SECTION 4. Severability. If any section, subsection, sentence, clause, phrase or portion of this Ordinance is for any reason held invalid or unconstitutional by any court of competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision and such holding shall not affect the validity of the remaining portion hereto. SECTION 5. Effective Date. This Ordinance shall become effective immediately upon passage and adoption. ATTEST:. Jean Grafton, City Clerk (SEAL) FOR USE AND RELIANCE ONLY BY THE - CITY OF OCOEE, APPROVED AS TO FORM AND LEGALITY, THIS _ DAY OF , 1996. FOLEY & LARDNER APPROVED; CITY OF OCOEE, FLORIDA S. Scott Vandergrift, Mayor Advertised May 9, 1996 Read First Time May 7, 1996 Read Second Time and Adopted APPROVED