HomeMy WebLinkAboutOrdinance 431ORDINANCE No.
I ORDINANCE APPROPRIATING AND ALLOCATING THE REVENUE OF THE CITY
JF OCOEE, FLORIDA, FOR THE FISCAL YEAR BEGINNING NOVEMBER lst, 19622
AND ENDING OCTOBER 31st, 1963.
WHEREAS, the City Council has heretofcr a ascertained and determined
that a sum of 0134,662.40 is necessary to defray the operating ex-
penses and retirements of refunding bonds and interest thereon for
the fiscal year beginning November 1st, 1962, and ending October 31st,
1963, 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,
1962, and ending October 31st, 1963; 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
Cigarette tax
Utility tax
Water Revenue
Fines & Forfietures
Licenses
Garbage Collection
Franchise tax
Miscellaneous
Total
and,
35028.95
15,028.12
21,098.62
37,000.00
7,000.00
2,900.00
9,800.00
3,006.26
3 000.
§134,662--400
WHEREAS, the operating expenses, retirement of the City's Refunding
Bonds and payment of interest thereon will be as follows:
Police Department
19,432.00
Street Department
30,000.00
Clerk Salary
3,600.00
Water Department
409005.40
Sanitation Department
13,300.00
Power and Lights
8,500.00
Fire Department
7,500.00
Office Expense
1,600.00
Legal Expense and Auditing
800.00
Telephone Service
400.00
Insurance and Surety Bonds
4,000.00
Bond Interest
2,500.00
Bond Retirement
3,000.00
Fallout Shelters
25.00
.Total
, ,
now therefore,
f 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
Id Valorem tax be, and the same is hereby, appropriated and allocated
to the Interest and Sinking Fund of said City
for retirement of re-
funding bonds for the fiscal year beginning November lst, 1962, and
ending October 31st, 1963.
Section 2. That the sum of $2,500.00 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 allocated
to the Interest and Sinking Fund of said City for payment of interest
on the refunding bonds for the fiscal year beginning November 1st, 19629
ncl ending October 31st, 1963.
Section 3. That the sum of $129,662.40 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 lst, 1962, and
ending October 31st, 1963.
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 Statutes, during the fiscal year beginning November 1st,
1962, and ending October 31st, 1963•
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 be come effective immediately upon
its passage and approval by the Mayor, or upon its otherwise becoming
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 to be invalid shall remain in
full force and effect.
Done in open session at Ocoee, Orange County, Florida, this 16th
day of October, 1962.
Attest: k
C er
Yi,�W_dent of Council
Approme by the Mayor this
16 daY of October, /,962.
yor
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