HomeMy WebLinkAboutOrdinance 475
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ORDINANCE No.
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AN ORDINANCE APPROPRIATING AND ALLOCATING THE REVENUE OF THE CITY
OF OCOEE, FLORIDA, FOR THE FISCAL YEAR BEGINNING NOVEMBER 1st, 1966,
and ENDING OCTOBER 31st, 1967.
VlliEREAS, the City Council has heretofore ascertained and determined
that a sum of $167,515.03 is necessary to defray the operating ex-
penses and retirements of refunding bonds and interest thereon for
the fiscal year beginning November 1st, 1966, and ending October 31st,
1967; and
WHEREAS, the City Council has heretofore fixed the rate of taxation
at 20 mills and levied said tax on the properties within the cor-
porate limits of, the City for the fiscal year beginning November 1st,
1966, and ending' October 31st, 1967, and
WHEREAS, it is anticipated that there will be available for use and
disbursement revenue and funds from the following sources and in the
following amounts:
Ad Valorem Tax
C:lgarette Tax
Utility Tax
Water Revenue
Fines & Forfeitures
Licenses
Garbage Collection
Franchise Tax
Miscellaneous
Total
and,
$ 47,215.03
28,000.00
23,000.00
42,000.00
5,000.00
4,000.00
12,000.00
4,300.00
2,000.00
$167,515.03
WHEREAS, the operating expenses, retirement of the City's refund-
ing bonds and payment of interest thereon will be as follows:
Police Department
Street Department
Sanitation Department
Water Department
Fire Department
Clerk's Salary
Office Expense
Legal & Auditing
Telephone Service
Insurance & Surety Bonds
Bond Interest
Bond Retirement
Recreation
Total
now therefore,
$ 29,200.00
52,765.03
15,000.00
32,800.00
12,150.00
4,800.00
1,700.00
5,000.00
600.00
5,500.00
2,000.00
3,000.00
3,000.00
$167,515.03
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF OCOEE:
Section 1. That the sum of $3,000.00 or such portion thereof as
may be realized from the collection of anticipated revenue from the
Ad Valorem tax be, and the same is hereby, appropriated and allo-
cated to the Interest and Sinking fund of said City for retirement
of refunding bonds for the fiscal year beginning November 1st, 1966,
and ending October 31st, 1967.
Section 2. That the sum of $2,000.00 or such portion thereof as
may be realized from the collection of anticipated revenue from the
Ad Valorem tax be, and the same is hereby, appropriated and allo-
cated to the Interest and Sinking Fund of said City for payment of
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interest on the refunding bonds for the fiscal year beginning
November 1st, 1966, and ending October 31st, 1967.
Section 3. That the sum of $162,515.03 or such portion thereof as
may be realized from the collection of anticipated revenue as above
set forth be, and the same is hereby, appropriated and allocated to
the general fund of said City for disbursement of the operating ex-
penses of said City in conformity to the provisions of the Charter of
said City during the fiscal year beginning November 1st, 1966, and
ending October 31st, 1967.
section 4. That the sum realized from the collection of Cigarette
Tax Revenue be, and the same is hereby, appropriated and allocated
for disbursement in accordance with the tenor and effect of Chapter
210, Florida Statues, during the fiscal year beginning November 1st,
1966, and ending October 31st, 1967.
Section 5. Copies of this ordinance shall be posted as provided for
by law and the Charter of the City of Ocoee.
section 6. This ordinance shall become effective immediately upon
its passage and approval by the Mayor, or upon its otherwise becom-
ing a law.
Section 7. All ordinances and parts of ordinances in conflict here-
with are hereby repealed.
Section 8. Should any portion of this ordinance be held invalid,
then such portion as are not declared invalid shall remain in
full force and effect.
Do~~in open session It/Ocoee, Orange County, Florida, this
dlJ ~ day of :.rJ('~ ' 1966.
Attest: rJ?"uL (LAI'
Clei'
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