HomeMy WebLinkAboutResolution No. 1973-22RESOLUTION NO. 73 -22
A RESOLUTION CONCERNING THE STATE AND LOCAL
FINANCIAL ASSISTANCE ACT OF 1972; ESTIMATING
EFFECT ON BORROWING REQUIREMENTS; ESTIMATING
EFFECT ON TAX LEVELS; ENACTING A THIRD ENTITLE-
MENT PERIOD BUDGET; CERTIFYING COMPLIANCE WITH
REQUIREMENTS OF THE ACT; PROVIDING AN EFFECTIVE
DATE.
WHEREAS, THE SECRETARY OF THE U.S. DEPARTMENT OF THE
TREASURY, AS AUTHORIZED BY THE STATE AND LOCAL FINANCIAL ASSIST -
I ANCE ACT OF 1972, 31 U.S.C.A. 9 1222 (B), REQUIRES EACH RECIPIENT
GOVERNMENT WHICH EXPECTS TO RECEIVE FUNDS UNDER THE ACT TO SUBMIT
A REPORT OF THE SPECIFIC AMOUNTS AND PURPOSES FOR WHICH SAID GOV-
ERNMENT PLANS TO SPEND THE FUNDS IT EXPECTS TO RECEIVE FOR AN
ENTITLEMENT PERIOD, 31 C.F.R. 5 51.11 (A),
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CAPE
CANAVERAL, FLORIDA, AS FOLLOWS:
SECTION 1. EFFECT ON BORROWING REQUIREMENTS. THE AVAIL-
ABILITY OF REVENUE SHARING FUNDS WILL AFFECT THE BORROWING RE-
QUIREMENTS OF THE CITY BY "TOO SOON TO PREDICT"
SECTION 2. EFFECT ON TAX LEVELS. THE AVAILABILITY OF
REVENUE SHARING FUNDS WILL AFFECT THE TAX LEVELS OF THE CITY BY
"NO EFFECT".
SECTION 3. THIRD ENTITLEMENT PERIOD BUDGETARY ACTION.
THE FUNDS WHICH THE CITY EXPECTS TO RECEIVE FOR THE PERIOD BEGIN -
N114G JANUARY 1, 1973, AND ENDING JUNE 30, 1973, (THIRD ENTITLE-
MENT PERIOD) ARE PLANNED TO BE BUDGETED AS FOLLOWS:
AGE OF 2
1
CAPITAL EXPENDITURES
EXPENDITURE PLANNED PERCENT PLANNED FOR:
CATEGORIES EXPENDITURES LAND DEBT
E F EQUIPMENT CONSTRUCTION ACQUISITION RETIREMENT
G H I d
10 MULTI-
PURPOSE AND $ 0�0 % %
GENERAL GOVT.
11 EDUCATION $12
% %O % %
HEALTH $ % % % %
•
TRANSPORTATION
14.
SOCIAL $ % % pJ0$13. % 0/0 % %
/ III
% 4
DEVELOPMENT
15 HOUSING& % /
II COMMUNITY $ % OA %
DEV ELOPMENT
16
ECONOMIC $ % % %
DEVELOPMENT
17
ENVIRONMENTAL $ 650 0 100% % % %
CONSERVATION
18.
PUBLIC SAFETY $ 6000 % 100 % % %
19
RECRU REI ON $ 5809 % 100 p/0 % %
2OTHERS(Specify) $ % 0/O % %
O
21 %
OTHERS(Specify)22
$ % % %
OTHERS(Specify) $ % % %
23
OTHERS(Specify) $ % % % %
24
OTHERS(Specify) % % % %
25 TOTALL $
CAPITAL EXPENDI-
12, 459
TURES
4 SECTION 4. ESTABLISHING CERTAIN PROHIBITION AND
3 RESTRICTIONS ON USE OF FUNDS . NO FUNDS RECEIVED BY THE CITY
UNDER THE STATE AND LOCAL FINANCIAL ASSISTANCE ACT OF 1972 SHALL
BE USED IN A MANNER CONTRARY TO THE PROVISIONS OF TITLE 31,
1 PART 51, SUBPART D (§§ 51 . 30 - 51 .34) OF THE CODE OF FEDERAL REG-
ULATIONS .
SECTION 5 . THIS RESOLUTION SHALL BECOME EFFECTIVE
IMMEDIATELY UPON ITS ADOPTION.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF CAPE CANAVERAL,
FLORIDA, THIS 5TH DAY OF JUNE, 1Q=:73 .
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MAYmR
ATTEST :
CITY CLERK /,',/f
APPROVED AS TO FORM:
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CITY ATTORNEY 73-22