HomeMy WebLinkAboutOrdinance 421
~~_.,
Ord.inance 110. <{ J-I
AN ORDINANCE APPROPRIATING AND ALLOCATING TIE REVENUE OF 'I'm CITY
OF OCOEE, FLORIDA, FOR THE FISCAL YEAR BEGINNING NOVEMBER 1st, 1961,
AND ENDING OCTOBER 31st, 1962.
WHEREAS, tbe City Council bas heretofore ascertained and determined
that a sum of $123,096.25 is necessary to defray the operating ex...
pense. and retirements of refunding bonds and interest thereon for
the fiscal year beginning November 1st, 1961, and ending October 31st,
1962; and
WHEREAS, the City Council oas heretofore fixed the rate of taxation
at 20 mills and levied said tax on tbe properties within the cor-
porate limits of the City for the fiscal year beginning November 1st,
1961, and ending October 31st, 1962; and
WHEREAS, it is anticipated tbat there will be available for use and
disbursement revenue and tunds from tbe following 80urces and in the
following amounts: .
Ad Valorem tax
.Cigarette tax
utility tax
Water Revenue
Fines & Forfietures
Licenses
Garbage Collection
Miscellaneous
Total
$ .30,642.00
15,000000
20,000.00
36,000.00
5,000.00
3,800000
6,500000
6,1~~.2~
$123,0 . .2
and,
WHEREAS, the operating expenses, retirement of the City's Refunding
Bonds and payment bf interest thereon will be as follows:
Police Department
Street Department
Clerk Salary
Water Depar~ment
Sanitation Department
Power and Ligots
Fire Department
Office Expense
Legal Expense and Auditing
Telephone Service
Insuranoe and Surety Bonds
Bond Interest
Bond Retirem~nt
Total
$ 17,829.00
29,436,00
3,600000
35,000000
12,831.25
7,000.00
5,600.00
1,600000
800.00
400000
3,$00000
2,500.00
~,OOOoOO
$12 ,096.25
now tberefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF OCOEE:
Section 1. That the sum pf $3,000000 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 andallo-
cated to the Interest and Sinking Fund of said City for retirement
of refunding bonds for the fiscal year beginning November 1st, 1961,
and ending October 31st, 1962.
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 allo-
cated to the Interest and Sinking Fund of said City for payment of
interest on tne refuoQing bonds for the fiscal year beginning
Novem?er 1st, 1961, and ending October 31st, 1962.
Section 3. That the sum of $l17,596.25 or sucb portion tbereot as
may be realized from the collection of anticipated revenue as above
(/'/
~,~,./.,;..
. "...,.. ..... ...
,~
set fDrth 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 tne fiscal year beginning November 1st, 1961, and
ending October 31st, 1962.
Section 4. That the sum realized from tne collection of Cigarette
Tax Revenue be, and tbe same is bereby, appropriated and allocated
for disbursement in accordanoe with the tenor and effect of Chapter
2l0, Florida Statutes, during the fiscal year beginning November 1st,
1961, and ending October 31st, 1962.
Section 5. Copies of this ordinanoe soall be posted as provided for
by law and the Cbarter of tb1e City of Ocoee.
Section 6. This ordinanoe shall become effective immediately upon
its passage and approval by the Mayor, or upon its otherwise becom-
ing a law.
Section 1. All ordinances and parts of ordinances in conflict here-
with are hereby repealed.
Section S. 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 Oooee, Orange County, Florida, this 3~t~
day of October, 1961.
z:'~ .~
'.. " . '.4'ULuJ
.. ~en ~ Counci 1
Attest; C3?fl~1f;Ll "rrvd
C erk
~./.... A;p..... .oved by the Mayor ttlis ,iod
da~Jof October, 1961.
7floL '!ay~~~
0"..