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Home My WebLink AboutO-08676RFC/rb 7/6/77 ORDINANCE Nfl.3 6 , .. AN ORDINANCE AMENDING ORDINANCE NO, 8599, AS AMENDED, ADOPTED NOVEMSER 11, 1976, THE ANNUAL APPROPRIATIONS ORDINANCE FOIL FISCAL YEAR 19 76- 7 7, SY AMENDING SECTIONS 1 AND 4 THEREOF: PROVIDING OR AN INCREASE OF CER- TAIN EXPENDITURES AND REVENUES IN THE AMOUNT OP $1,580,810 TO oFFSED CURRENT AND FUTURE EXPENDITURES FOR WHICH SUFFICIENT APPROPRIA- TIONS DID NOT EXIST; CONTAINING A REPEALER PROVISION AND A SEVERAIILITY CLAUSE. WHEREAS, the Countercyclical Revenue Sharing Program has increased the funding available to State and local governments) and WHEREAS, it is anticipated that the City of Miami will receive approximately $1,560,810 above that which was anticipated, for the Countercycl.icalRevenue Sharing Program; NOW, THEREPORE, Et IT ORDAINED BY TI#E COMMISSION OF THE CITY OP MIAMI, FLORIDA: Section 1. Section 1 of Ordinance No. 8589, as amended, adopted November 11, 1976, the Annual Appropriations ordinance for fiscal year 1/ 1976-77, is hereby further amended in the following particularssr "Section 1. The following appropriations are made for the carrying on of the municipal purposes of the City of Miami, Florida, for the fiscal year 1976-77, including the payment of principal and interest on all General Obligation Bonds. Departments, Boards, and Offices Appropriation Amount GENERAL FUND Special Programs and Accounts And Community Programs $--872627468 $ 9,024,606 TOTAL GENERAL FUND f-33738a=896 $ 74,144,134 Unallocated Balance $ 228,690 $-;376 4,986 $ 74,372.824 * * * TOTAL GENERAL OPERATING BUDGET 0i06736izf09 $106,524,347" Section 2. Section 4 of Ordinance No. 9589, as amended, is 1/ hereby further amended in the following particulars �r �rss:s wr arw 1/ Words stricken through shall be deleted. Underscored words con- stitute the amendment proposed. The remaing provisions are now in effect and remain unchanged. All figures are rounded to the next dollar. DULY "S "tttn 41 The above appropriations are made based capon the following sources of revenues for the 1g76-77 fiscal year. GENERAL FUND Revenue Sees Other Than Ad ValOrem Tax 01.5i-485s685 53 _E6.195 Ltd Mimeo Appropriatim 8 OOG :1 9 8, 5 72 j * * * * TOTAL, GENERAL FUND 6-58-550 586 1.74,31202t * * * * TOTAL GENERAL OPERATING REVENUES $ 85740 595 12.06 , 524 07" Section 3. A11 ordinances or parts of ordinances insofar as they are inconsistent or in conflict with the provisions of this ordinance are hereby repealed. Section 4. If any section, part of section, paragraph, clause, phrase, or word of this ordinance is declared invalid, the remaining provisions of this ordinance shall not be affected. PASSED ON T'IRST READING BY TITLE ONLY this 14TH day of 1977. PASSED AND ADOPTED ON SECOND AND FINAL READING BY TITLE ONLY this 28TH day of JULY ATTEST: al/ ONGIE, C TY CLE PRE RED AND APPROVED BY; APPROVED +GEORGE CL RK, TAll ' CITY ATTORNEY FQRN AND CORRECTNESS 1977. MAURICE A. FERRE MAURICE A. FERRE MAYOR sig• MIAM1 ATM DJULT MORD fdittOred mem Minh% *attitey wad troll nuillays Miettif Datie Cubotto Attila VIM at PIIINIDA COUNT? Cr Mt: Bvtagitexim....vINIrmlne _seMettlf imt tthihritibilvalwtarivre I /deny FR tlin et al aim hreetrilaraIS vim dataigerrit fle 1.16111 ert tratite City of Miami, Plorida ke! ORDINANCE NO. 8676 in the XXX Omit oat pubulhed ire said nemerispet-in the Wpm in August 3h 1977 Mint, tUrther Soya that the said Miami itasiew and Daily ROCOrd la a newspaper flublIktiba at Man% M said Dade County, Monate, and that the said hews. giber has iiiretbiore bean obritihubutly publishedlft said dada Cpurity, Molds, each eay Macipt Saturday. Sunday slid Legal Horayo and hat been entailed SI Wend Malt Mail tha tat at th6 post office in mien% ill Said Dade County, OHMS, for a patibd at Om year fleet pteolidint the Mid pubiltetien Of the sttaSheti etipy advertilleMenti and iittiant further say, that she ha Mather paid her pregnikled any betsbn. flrm er corporation any ttlateaunt. rebate. ontnirdialdis bt taund for the purpole Of securing this advenatemetet for publitatibn in the 7.,.....eld212e1e r' 4ct, T , and subcrbad bIorme this August i.b 77 pday #ot.. ' • • , Vdteinta,V. rkoire larxtubtic, Stative rotitt at Large. mission OfaAcLInca *Ito. .Jurteild, ISO eIPT DP MIAMI. IMMO COUNT% MINIM tEDIIL learnt lop MO befits Mat Oh Mt /eh tot el Ctty tedvddittad MINK tat tdd 4181011 lite mewing 'Mad 011DINANCE AM AN OROTNANCE AMENDING ORDINANCE N. S3M AS AMENDED, ADOPTED NOVEMBER it 10M. NE ANNUAL APPROPRIATIONS ORDINANCE POR PISCAL YEAR WS. 71, tlY AMENDING SECTIONS 1 AND 4TWEREOP) PROVIDING POR AN INCREASE OP CERTAIN EXPEN. 'OITURES AND REVENUES IN ?NE AMOUNT Or ILMOitle • TO OFFSET CURRENT AND PUTURE EXPENDITURES.. PoR WICCI4 SUPPICIENT APPROPRIATIONS4DID Nati, XIST; tONTAINiNG A REPEALER PROvIIION AND A SEVERABILiTY CLAUSE, , RALPH CI, °Mlle CITY CLOAK Publication of thla 116tite on flit 3 day dt August, IPL an mato eterk elt the etty tit 3. h . 0.1 ttle day or /9 ; tttle and comet vo tore was posted at o.Lity OM% House at .0c.s and publiedtiolis by attachhig Lice provided thttetdre %IiNI:.S% my Ned and the official Ncal 6 day of., .... . . . . ... A D. Joseph R, Gtassie City MAhaget Howard V, Gard, bitector / Department of Management Services l.� abbe 22, 1977 ; Proposed Legislation for Countercyclical Revenue Sharing Funds The United States Congress has approved, and the President has signed, legislation increasing the amount of money available to state and local governments under the Countercyclical Revenue Sharing Program. The potential effect of this legislation is to add Si billion to the program during fiscal year 1977, increasing the total funds available to $2.5 billion. It also extends the program, which was due to expire September 30, 1977, through fiscal year 1978. According to Mr. Mark Israel, our "Man In Washington," the potential effect of this legislation on the City of Miami is that our FY '77 anticipated receipts will increase approximately $1,560,810. This amount is an estimate and reflects the best information known at this time. It should be noted that Countercyclical Revenue Sharing is geared to the local and national unemployment rate. As fewer people in the City of Miami are unemployed, our entitlements will decrease. When the national unemployment rate falls to 6.5', all funding from this source ceases. These conditions make it more difficult to project this item of revenue. It is recommended that the $1,560,810 increase in Countercyclical Revenue Sharing be added to the 1977 Annual Budget to offset the following current and future expenditures for which sufficient appropriations do not exist. The first recommended usage of the Countercyclical Revenue Sharing is that $573,972 be appropriated to fund the 1976 General Fund deficit. The financial statement prepared by Peat, Marwick, Mitchell & Co. for the fiscal year ending September 30, 1976 reveals a deficit in the General Fund. This deficit was not anticipated in the 1977 Budget because the financial statement which determines whether a deficit or surplus will exist in the previous year is not completed until after the adoption of the ensuing fiscal year's budget. It is also recommended that $225,000 be used to offset a revenue shortfall in the 1977 General Fund Budget. During the preparation of the 1977 Budget, it was assumed that the 1976 Budget would have a fund balance that could be used as a revenue for the 1977 Budget. However, as mentioned above, the 1976 Budget did not experience a fund balance, but a deficit. Rih&llyb it is recommended that the balance of $761,838 be used to partially replenish the $877,568 transferred from the 31% Salary Reserve Account to meet other unanticipated obligations for which no adequate appropriations existed, If this action is approved, the 3A% Salary Reserve Account will be short $115,730 from its original appropriation. if you agree with the above recommendations, it is requested that the attached proposed ordinance be placed on the July 14, 1977 Commission Agenda, Attachment (1)