HomeMy WebLinkAbout09-04-2018 Agenda Packet Special CORRECTION [City Seal]
City of Cape Canaveral
City Council Agenda Form
City Council Meeting Date: 9/4/2018
Item No. 2
Subject: Ordinance No. 08-2018; adopting the Annual General Fund, Wastewater Enterprise
Fund, Stormwater Enterprise Fund, Enterprise Capital Fund, Special Revenue Funds, Capital
Project Funds and Agency Fund Budgets for the Fiscal Year beginning October 1, 2018, and
ending September 30,2019;providing for an effective date, first reading.
Department: Financial Services
Summary: City Council completed two workshops pertaining to the development of the Budget
for Fiscal Year 2018/19. The Budget reflects Council direction from those meetings and revised
revenue/spending estimates.
The Budget for the Fiscal Year 2018/19 totals $36,218,193. This represents a 55.5% increase
from the Fiscal Year 2017/18 Budget.
This is the first reading of Ordinance No. 08-2018 attached herewith.
Submitting Department Director: John DeLeo Date: 8/28/18
Attachment: Ordinance No. 0 -2018 it Attachment #1 - Fiscal Year 202019 Budget
Summary-Corrected 8/29/18
Financial Impact: This is a balanced Budget based upon a 3.8288 Ad Valorem Millage Rate.
Cost of advertisement and Staff time to prepare this Agenda Item.
Reviewed by Administrative/Financial 6
Services Director: John DeLeo Date: 8/27/18
The City Manager recommends that City Council take the following action:
Approve Ordinance No. 08-2018, first reading.
Approved by City Manager: David L. Greene Date: 8/28/18
Ordinance No. 08-2018
Attachment#1
City of Cape Canaveral
Fiscal Year 2018-2019 Budget Summary
Revenues Expenditures
General Fund: $ 17,461,458 $ 17,461,458
Enterprise Funds:
Wastewater Enterprise Fund 7,756,157 7,756,157
Stormwater Enterprise Fund 1,016,640 1,016,640
Enterprise Capital Fund 4,294,200 4,294,200
Capital Project Funds:
Capital Construction Fund - -
North Atlantic Ave. Improvement Fund - -
Special Revenue Funds:
Police Education Fund 1,184 1,184
Aerial Fire Protection Fund 144 144
School Crossing Guard Fund 2,385 2,385
Library Fund 73,550 73,550
CC Community Redevelopment Agency Fund 5,604,257 5,604,257
Agency Fund:
Law Enforcement Trust Fund 8,218 8,218
Total Fiscal Year 2018/2019 Budget $ 36,218,193 $ 36,218,193