R-1132-07 RESOLUTION NO. 11321r'07
A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL,MIAMI SHORES VILLAGE,
FLORIDA TENTATIVELY ADOPTING THE FISCAL YEAR 2007-2008 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, 2007; and
WHEREAS, the Village Council on Tuesday, September 4, 2007, 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 FY2007-2008
at 7.1400 and 0.6764 (0.2153 plus 0.4611) mills for operating budget 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 FY2007-
2008 with all sums to be appropriated following the second public hearing.
Expense
Revenues Appropriation
Funds &Reserves &Reserves
General Fund $12,433,023 $12,433,023
Debt Service Fund 1,041,839 1,041,839
Special Revenue Funds 3,056,404 3,056,404
Enterprise Funds 2,966,447 2,966,447
Internal Service Funds 2,202,195 2,202,195
Total All Funds: $21,699,908 $21,699.908
Section 2. The Village Council will conduct the final public hearing on the Proposed Budget
and corresponding ad valorem tax levies for operating budget and debt service at 7:00 PM on Tuesday,
September 18, 2007 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 4d'day of September, 2007.
ATTEST:
Herta Holly, Mayor
Barbara A. Estep, MMC
Village Clerk
PPROVED AS TO FORM.
Richard Sarafan
Village Attorney