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HomeMy WebLinkAbout2007-098RESOLUTION NO. 2007- 098 A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA, AMENDING THE COUNTY BUDGET OFFICER'S ESTIMATES OF RECEIPTS OTHER THAN TAXES AND OF BALANCES TO BE BROUGHT FORWARD FOR FISCAL YEAR 2007-2008 AND ADOPTING A FINAL BUDGET FOR THE TRANSPORTATION FUND. WHEREAS, the Budget Officer of Indian River County has ascertained the needs and the fiscal policy of the Board of County Commissioners for the ensuing fiscal year and did prepare and present to the Board a tentative budget for fiscal year 2007-2008, including all estimates of receipts, taxes to be levied, and balances expected to be brought forward and all estimated expenditures, reserves, and balances to be carried over at the end of the year; and WHEREAS, the Board of County Commissioners of Indian River County did examine the tentative budget and held public hearings, pursuant to law, to consider input from the citizens of Indian River County with respect to taxes to be levied and the amounts and the use of money derived from the levy of taxes, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that: 1. The County Budget Officer's estimates of receipts other than taxes and of balances to be brought forward for the Transportation Fund are hereby revised as set forth in Exhibit "A" attached hereto. 2. The Board of County Commissioners of Indian River County hereby adopts the attached budget as the final budget for fiscal year 2007-2008 for the Transportation Fund. The resolution was moved for adoption by Commissioner 0' Bryan , and the motion was seconded by Commissioner Wheel er , and, upon being put to a vote, the vote was as follows: Chairman Gary C. Wheeler Vice Chairman Sandra L. Bowden Commissioner Wesley S. Davis Commissioner Joseph E. Flescher Commissioner Peter D. O'Bryan Aye Aye Ay e Ay e Ay e The Chairman thereupon declared the resolution duly passed and adopted this 12th day of September, 2007. Attest: J. K. Barton, Clerk By Deputy Clerk Attachment: EXHIBIT "A" BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA By Wheeler Chairman APPIIOVELD AS TO FORM ANJeFGAII,Stii ' CY 11 � I MARIAN E, ELL ASSISTANT COUNTY ATTORNEY RESOLUTION 2007-098 BUDGET SUMMARY INDIAN RIVER COUNTY BOARD OF COUNTY COMMISSIONERS FISCAL YEAR 2007/2008 TRANS- PORTATION FUND ESTIMATED REVENUES: Federal Sources 0 State Sources 2,732,668 Local Sources 1,921,214 Ad Valorem Taxes 0 Non -Ad Valorem Assessments 0 User Fees 0 Sub -Total 4,653,882 Less 5% per F. S. 129.01(2)(b) (232,694) Net 4,421,188 Interfund Transfers 11,777,995 Cash Forward -October 1, 2007 1,182,000 TOTAL ESTIMATED REVENUES AND BALANCES 17, 381,183 EXPENDITURES/EXPENSES: General Government 1,099,615 Public Safety 0 Physical Environment 586,662 Transportation 14,548,136 Economic Environment 0 Human Services 0 Internal Services 0 Culture/Recreation 0 Court Related Costs 0 Interfund Transfers 0 TOTAL EXPENDITURES/EXPENSES 16,234,413 Reserve for Contingencies 381,770 Cash Forward -September 30, 2008 765,000 TOTAL APPROPRIATED EXPENDITURES AND RESERVES 17,381,183 EXHIBIT "A"