HomeMy WebLinkAboutOrdinance 807
ORDINANCE 'NO.
S07
FIRST EEADING ,January J.5 p 1985
SECOND READING FEbruary 5, 1985
AN ORDINANCE OF THE CITY OF OCOEE,
FLORIDA, PROVIDING FOR THE CONTIN-
UNING CARRY-OVER OF CAPITAL OUTLAY
PROJECT APPROPRIATION FROM ONE BUD-
GET YEAR TO THE NEXT; PROVIDING FOR
SEVER~BILITY; PROVIDING FOR AN EFFEC-
'rIVE DATE.
BE IT ENACTED BY THE PEOPLE OF THE CITY OF OCOEE, FLORIDA:
e
Section 1. Those monies appropriated in any fiscal year be-
ginning with that budget now in effect, i.e. fiscal year 84--85,
shall be carried over from the traditional close out of the bud-
get year into the next budget year. Consequently City Administra
tion will have twenty-four months from the time a Capital Outlay
Project is initially budgeted to have the monies so appropriated~
either expended or encumbered. At the end of the twenty-four mon
th period/if the Capital Outlay Project is incomplete/the City
Administrat-.ion mus'c make a formal reqv"estto the City Commission
to allow those monies to be carried over for yet another fiscal
year.
This policy will allow for target budgeting to be used to a
fuller extent and consequently will better benefit the citizens
of Ocoee and IT.ake management of Capital Outlay Projects much more
efficient and effective.
Section 2. If any portion of this Ordinance is determined
void or unconstitutional the remainder of the Ordinance shall
retain its effectiveness.
Section 3.
tion by the Ci i:y
This Ordinance shall become effective upon adop-
Commission.
BE IT ENACTED
THI~DAY OF d~f985.
CITY OF OCOEE, FLORIDA
;!/L e d/~
MAYOE
ATTEST:
-
,JW~
CITY CLERK