HomeMy WebLinkAboutOrdinance 375
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ORDINANCE No. r/'.t.,J
AN ORlDIliANCE APPROPRIATING AND ALLOOATING THE: REVIDfijE OF THE OITY
OF OOOD, FLORIDA, FOR TiE FISCAL YEAR BEG-IDlING 'NOVEMBER 1, 1957,
AND ENDING OOTOBER 31, 1958.
WHEREAS, tne Oity Counoil bas neretofore asoertained and determined
that a sum of $40,598.05 is neoessary to aafray the operating ex-
penses and retirements of refunding bonds and interest tb.ereon for
tne fisoal year beginning November 1, 1957, and ending Ootober 31,
19513; and
WHEREAS, tne Oity Counoil bas beretofore fixea tne rate of taxation
at 20 mills and levied said tax on tne properties witbin tne 001'-
porate limits of tbe city for tne fisoal year beginning November 1,
1957, and ending Ootober 31, 1958; and
WUlUilAS, it is antioipated tbat tb.are will be available far usa and
disbursement revenue and funds from tne following sources and in tne
following amounts:
If
(
Ad Valorem tax
Oi&arette tax
utili ty tax
Water revenue
Fines and Forfeitures
Licenses
Miscella.neouS
Total
$12,941.31
5,405.64
6,198.41
11,360.,4
3,465.(j)0
871.75
350.00
l40,59tl.b5
Ii
and,
WHEREAS, tne owerating expenses, retirement of the City's Refunding
Bonds and!payment of interest thereon will be as follows:
police Department $ 7,000.00'~
Street Department ',471.97'~
.clerk Salary 2,160.00 v,
Water Department 8,250.00/
Power and Lignts 1,600.00 ./
Fire Departmeat 1,@00.00 y
Office Expense 350.00 ./
Legal Expense 6: Auditing 2,500.00 ,/
Telephone Servioe 100.(W /
Insuranoe &: Surety Bonds l"oo.oe>
Bond Interest 2,766.68 /
Bond Retirement 3,000. €>o f
Total l40,59tl.b$
now tb.erefare,
BE IT ORDAINED :BY THE CITY COUNCIL OF THE CITY OF OCOEE:
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Section 1. That the sum of $3,000.00 or suoh portion thereof as
may be realized from tne oollection of antioipated revenue from tae
Ad Valorem tax be, and the same is nereby, appropriated and allo-
catea to tne Interest and Sinking FUnd of said City ror retirement
of refunding bonds for the fiscal year beginning November 1, 1'57,
and ending October 31, 1958.
Section 2. That toe sum of $2,766.68 or sucn portion thereof as
may be realized from the collection of antioipatea revenue from the
Ad Valorem. tax be, and. the same is bereby, appropriated ani allo-
cated to the Interest and Sinking Fund of said City for payment of
interest on tne refunding bonds for tbe fiscal year beginning
November 1, 1957, and ending October 31, 1958.
Seotion 3. That the sum of $34,831.97 or such portion thereof as
may be realized from the colleotion of antioipated revenue as above
set forth be, and tne same is hereby, appropriated and allocated to
the general fund of said city far disbursement of the operating ex-
penses of said City in conformity to tne provisions of the Cbarter of
said City during the fisoal year beginning November 1, 1957, and end-
ing October 31, 19,8.
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