R-1117-06 RESOLUTION NO. 1117-06
A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL, MIAMI SHORES VILLAGE,
FLORIDA TENTATIVELY ADOPTING THE FISCAL YEAR 2006-07 OPERATING AND DEBT
SERVICE BUDGETS; SETTING THE TIME, DATE AND PLACE OF THE SECOND OF TWO
PUBLIC HEARINGS TO DISCUSS THE AD VALOREM TAX LEVIES AND CORRESPONDING
BUDGETS;AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, The Miami Shores Village Council has reviewed the estimated revenues and projected
expenditure requirements for the fiscal year beginning October 1, 2006; and
WHEREAS, the Village Council on Tuesday, September 5, 2006, held the first of two public
hearings prescribed by Florida State Statute 200.065; and
WHEREAS, the Village Council has tentatively set the ad valorem millage rates for FY 2006-07 at
8.2500 and 0.8559 (0.3780 plus 0.4779) mills for operating and debt service on the Aquatic Center
and Charter School General Obligation Bonds respectively,
NOW,THEREFORE, BE IT RESOLVED BY THE MIAMI SHORES VILLAGE COUNCIL, that:
Section 1. The following operating budgets are hereby tentatively approved for FY 2006-07
with all sums to be appropriated following the second public hearing.
Expense
Revenues Appropriation
Funds &Reserves &Reserves
General Fund $ 12,203,518 $12,203,518
Debt Service Fund 671,446 671,446
Special Revenue Funds 2,894,721 2,894,721
Enterprise Funds 3,447,957 3,447,957
Internal Service Funds 1,863,658 1,863,658
TOTAL ALL FUNDS $21.081,301 $21,0088 „301
Section 2. The Village Council will conduct the final public hearing on the Proposed Budget
and corresponding ad valorem tax levies for operating and debt service at 7:00 PM on Tuesday,
September 19, 2006 in the Miami Shores Village Council Chambers, 10050 N.E. 2nd Avenue, Miami
Shores.
Section 3. This Resolution shall take effect immediately upon its adoption.
PASSED AND ADOPTED THIS 5d' day of September, 2006.
ATTEST:
&/2w a bw I Davis, Mayor
Barbara A. Estep, MMC
Village Clerk
APPROVED AS TO FORM:
.LLA(�)
Richard Sarafan
Village Attorney