Title
Ordinance Making Appropriations to the General Fund for the Fiscal Year Beginning July 1, 2024
Body
LEGISLATIVE INTENT/PURPOSE:
Appropriations to the General fund for the Fiscal Year Beginning July 1, 2024.
THEREFORE, BE IT ORDAINED:
SECTION I: The following appropriations are hereby made to the General Fund, consistent with the Recommended Budget and any changes made during City Council's work sessions, and that following revenues are anticipated to be available during the fiscal year to meet these appropriations.
GENERAL FUND
Appropriations
Operating $149,765,892
Total Appropriations $149,765,892
Revenues
Property Taxes $75,152,835
Local Sales Taxes $45,226,363
Rental Vehicle Tax $475,000
Intergovernmental Revenues $17,507,421
Charges for Current Services $3,112,663
Fines and Forfeitures $120,400
Interest Earnings $1,500,000
Licenses, Fees, and Permits $2,608,660
Other Revenue $1,130,153
Operating Transfer In $750,000
Appropriated Fund Balance $2,182,397
Total Revenues $149,765,892
SECTION II: There is hereby a levied tax rate of $0.4225 per $100 valuation of taxable property as listed for taxes as of January 1, 2024; $0.3250 per $100 valuation for General Fund, $0.0975 per $100 valuation earmarked for Debt Service in support of past and current Capital Improvement Plans, Bond projects and other collaborative public private partnership projects, and restricted in the Debt Service Fund for the purpose of raising revenue from current property tax as set forth in the foregoing estimate of revenues.
SECTION III: Appropriations herein authorized shall have the amount of outstanding purchase orders as of June 30, 2024, added to each appropriation as it appears in order to account for the payment against the fiscal year in which it is paid.
SECTION IV: City Council authorizes the consolidations and other actions necessary to comply with GASB pronouncements that would affect financial reporting compliance.
SECTION...
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