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HomeMy WebLinkAbout2007-095RESOLUTION NO. 2007- 095 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 GENERAL 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 General 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 General Fund. The resolution was moved for adoption by Commissioner 0' Bryan , and the motion was seconded by Commissioner Davi s , 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 Aye Aye Ay e The Chairman thereupon declared the resolution duly passed and adopted this 12th day of September, 2007. Attest: J. K. Barton, Clerk By eputy Clerk Attachment: EXHIBIT "A" BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA By G �` C. Wheeler Chairman AP IL' VED AS TO FORM AN GA,i.. SUFFICIENCY BY, MARIAN E. FEL, -y Y RESOLUTION 2007-095 BUDGET SUMMARY INDIAN RIVER COUNTY BOARD OF COUNTY COMMISSIONERS FISCAL YEAR 2007/2008 GENERAL FUND ESTIMATED REVENUES: Federal Sources 0 State Sources 4,710,538 Local Sources 7,269,636 Ad Valorem Taxes 56,116,790 Non -Ad Valorem Assessments 0 User Fees 0 Sub -Total 68,096,964 Less 5% per F. S. 129.01(2)(b) (3,404,848) Net 64,692,116 Interfund Transfers 15,208,336 Cash Forward -October 1, 2007 3,620,000 TOTAL ESTIMATED REVENUES AND BALANCES 83,520,452 EXPENDITURES/EXPENSES: General Government 17,476,153 Public Safety 44,360,303 Physical Environment 306,837 Transportation 448,729 Economic Environment 447,307 Human Services 4,440,142 Internal Services 0 Culture/Recreation 6,923,613 Court Related Costs 393,994 Interfund Transfers 5,656,115 TOTAL EXPENDITURES/EXPENSES 80,453,193 Reserve for Contingencies 1,067,259 Cash Forward -September 30, 2008 2,000,000 TOTAL APPROPRIATED EXPENDITURES AND RESERVES 83,520,452 EXHIBIT "A"