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Home My WebLink AboutO-10852J-91-254 3/14/91 ORDINANCE NO. 10852 AN ORDINANCE AMENDING SECTIONS 1, 21 4 AND 6 OF ORDINANCE NO. 10794, THE ANNUAL APPROPRIATIONS ORDINANCE FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 1991, ADOPTED SEPTEMBER 271 1990, AS AMENDED, FOR THE PURPOSE OF FORMALIZING CITY COMMISSION ACTIONS AND IMPLEMENTING OTHER AMENDATORY CHANGES; CONTAINING A REPEALER PROVISION AND A SEVERABILITY CLAUSE. WHEREAS, the City Commission adopted Ordinance No. 10794, the Annual Appropriations Ordinance, on September 27, 1990, establishing revenues and appropriations for the City of Miami, Florida, for the Fiscal Year ending September 30, 1991; and WHEREAS, amendatory adjustments to the FY 191 appropriations ordinance are outlined herein together with the explanation for said adjustments; and WHEREAS, Virginia Key Park Beach will remain open on a year round basis instead of summers only for FY '91, and because of this decision $50,000 more revenue is expected to be realized than originally estimated; and WHEREAS, this additional revenue will fund necessary personnel and security costs to keep the park open on a year round basis; and WHEREAS, the Department of Conferences, Conventions and Public Facilities, World Trade Center Garage Budget for FY 191 requires an additional $39,500 for the amortization costs for the revenue control system installed at the World Trade Center Parking Garage; and WHEREAS, the City Commission approved the sale of Tax Anticipation Notes, Series 1990, in the amount of $15,000,000, pursuant to Resolution No. 90-738; and WHEREAS, the proceeds from said notes will cover anticipated temporary cash deficiencies during the Fiscal Year ending September 30, 1991; and 10852 WHEREAS, Resolution No. 90-738 requires the establishment of a debt service fund entitled "Note Fund Tax Anticipation Notes FY '91", funded from a pledge of Ad Valorem Tax Revenue; and WHEREAS, principal and interest for said fund for FY 191 amounts to $15,958,708; and WHEREAS, the General Fund will make a contribution to the Note Fund in the amount of $15,475,000; and WHEREAS, a sum of $2,815,130 has been allocated in the Utility Service Tax Special Revenue Fund to pay FY '91 principal and interest payment on the Certificate of Participation Notes (COP) and proper accounting principles require that this payment be made from the Fleet Management Division of the Environmental Services/Operations Management Department rather than charged directly to the Utility Service Special Revenue Fund; NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. Sections 1, 2, 4 and 6 of Ordinance No. 10794, adopted September 27, 1990, the Annual Appropriations Ordinance for the Fiscal Year ending September 30, 1991, are hereby amended in the following particulars:/ "Section 1. The following appropriations are made for the municipal operation of the City of Miami, Florida, for the Fiscal Year 1990-91, including the payment of principal an interest on all General Obligation Bonds: Departments. Boards, and Offices Appropriations * * * * * * * * * * * * * * Parks and Recreation and $ i0,743,003 S 10,793.003 Public Facilities Special Programs and Accounts $-29;0-73,274 S 44,623,E Total General Fund $198 3i,na- S 213,831,093 Total General Operating Appropriations $223,845,i94 S 239,445,194 I ' Wor ds and/or figures stricken through shall be deleted. Underscored words and/or figures shall be added. The remaining provisions are now in effect and remain unchanged. Asterisks indicate omitted and unchanged material. - 2 - 10852 1 >: nnterpr; se Fun s Conferences, Conventions �.il� Con is Fa ;lit; 1:59iJ S 11r634-215 Total Enterprise Funds ,1/2 9-r S 59.302_791 a/ LESS: Amounts appropriated above in the General Fund in Special Programs and Accounts for deficit operations/ Fund Transfers 12+,-q- 9 S ( 29.599.920 Total Operating Appropriations $268-008833r565 S 269.148 06 51, "Section 2. The following appropriations are made for the municipal operations of Debt Service Funds of the City of Miami, Florida, for the Fiscal Year 1990-91: De Se vino Fund Note Fund Tarr nni-; n i pation Notes FY �91 S 15_25Ran8 Total Debt Service Fund $ 4,426, S 20,3�,, "Section 4. The following activities, which are carried on for the service and convenience of other funds, shall be operated by the City Manager within the limits of the appropriations provided in the foregoing Departments, Boards, Offices, and accounts of the City of Miami and other revenues or receipts which may be received: Internal .ervice Funds .Appropriations * * * * * * * * Fleet Management $---9 g$ S 12,315,504 * * * * * * Total Internal Service Funds $-}g�[�.g� S 21r676,9�d "Section 6. The above appropriations are made based on the following sources of revenues for the 1990-91 Fiscal Year: - 3 - 10852 General Fund All Sources Total General Funds Total General Operating Revenue Enterprise Funds Conferences, Conventions &lid Public Facilities Total Enterprise Funds J / Amounts appropriated above in the General Fund in Special Programs and Accounts/ Fund Transfers Total Operating Revenues Debt Service Funds Note Fund Tax-Anticipatign Notes FY 191 Total Debt Service Funds Internal Service Funds Fleet Management Total Internal Service Funds Revenue $1g8t231,gg5 S 213,831,093 $198,231,093 S 213,831.093 $223, 845 S 239, 445 ,194 S 11,634,215 $ 11;5*94, -! S 59,302,791 $-59,263,291 2920) S (29,599,920) $268r983,565 269,148,065 S S S 15,958,708 10 20,387, $-4,426 $ 9,506,3?4 8 12,315,504 S 21,676,924 Section 2. The increase in revenues and appropriations for the Parks, Recreation and Public Facilities Department in the amount of $50,000 is to pay costs associated with keeping Virginia Key Park Beach open on a year round basis instead of summers only. - 4 - 10852 Section 3. The increase in revenues and appropriations for Conferences, Conventions and Public Facilities in the amount of $39,500 is to pay amortization costs for the revenue control system installed at the World Trade Center Parking Garage. Section 4. The herein increase in revenue and appropriations in the amount of $15,958,708 is to establish a new fund entitled "Note Fund Tax Anticipation Notes FY '91". A contribution from the General Fund in the amount of $15,475,000 combined with interest earnings will support said fund. Section 5. The herein appropriation for the Fleet Management Division of the Environmental Services/Operations Management Department in the amount of $2,815,130 is to pay principal and interest for FY '91 for the Certificate of Participation Notes. Section 6. All ordinances or parts of ordinances insofar as they are inconsistent or in conflict with the provisions of this Ordinance are hereby repealed. Section 7. If any section, part of this section, paragraph, clause, phrase, or word of this Ordinance is declared invalid, the remaining provision of this Ordinance shall not be affected. Section 8. This Ordinance was considered and passed after having been read initially on January 10, 1991, appearing as Item #14 on the City Commission Meeting Agenda for that date. On February 14, 1991, it was again considered, read and duly adopted after having been properly advertised, appearing as Item #11 on the Commission Meeting Agenda for that date with Ordinance No. 10842 being assigned to the Ordinance by the City Clerk. Prior to its effective date of March 16, 1991, it was reconsidered as a non-scheduled Agenda Item by Motion No. 91-208 during the City Commission Meeting of March 14, 1991, and, upon due deliberation, the Ordinance was subsequently adopted at this same Meeting after having again been read on Second and Final Reading. This Ordinance shall become effective thirty (30) days after its adoption this date. - 5 - 10852 I . . PASSED ON FIRST READING BY TITTLE ONLY this 10t — day Of _ Janu ry , 1991. PASSED AND ADOPTED ON SECOND AND FINAL READING BY TITTLE ONLY this _ 14th day of March , 1991. XAVIER L. AREZ, MAYOR YYIH : IRAI CITY CLERK BUDGETARY REVIEW: ---An MAN S. A, DIRECTOR DEPARTMENT OF DGET FINANCIAL REVIEW: CA S . GARCIA, DIRECTOR DEPAR MENT OF FINANCE PREPARED AND APPROVED BY: CHIEF ASSISTANT CITY ATTO EY APPROVED AS TO FORM = D CORRECTNESS: J RGE L. FERNANDEZ C Y ATT RNEY ROD:gb:M784 - 6 - 108�2 IN MIAMI REVIEW Published Daily except Saturday, Sunday and Legal Holidays Miami, Dade County, Florida. STATE OF FLORIDA COUNTY OF DADE: Before the undersigned authority personally appeared Sookle Williams, who on lath says that she is the Vice President of Legal Advertising of the Miami Review, a daily (except Saturday, Sunday and Legal Holidays) newspaper, published at Miami In Dade County, Florida; that the attached copy of advertisement, being a Legal Advertisement of Notice In the matter of CITY OF MTAMI Ordinance No. 10852 Inthe ..X .X .X ............................... Court, was published in said newspaper In the Issues of March 26, 1991 Afflant further says that the said Miami Review Is a newspaper published at Miami in said Dade County, Florida, ppand that the said newsppaper has heretofore been continuously SalulydeyaSunday end egal HolidayFlorida has been ent(except red an second class mall matter at the post office In Miami in said Ithrst Florida, for a period of one year next preceding pub cation of the attached copy of advertisement• and rth r says that she has neither paid nor promises any l or corporation any discount, rebate, commission for the purpose of securing this advertisement for n In t sal newspaper. .. ..... .....�' ,. * ,gNi;Yd'Wt , Pibscrlbed before me this 26.Nay of ... .. S. ...... A.D. 19..91. . ... �.... * .................. (SEAL) A OFF +i tk4M*++ "OFFICIAL NOTARY SEAL" CHERYL H. MARMER MY COMM. EXP. A/12/92