Commission Meeting Agenda Item
Ordinance 2021-16 (First Reading) — Adoption of Fiscal Year 2021—2022 Budget
Staff Recommended Motion
Staff recommends approval of the first reading of Ordinance 2021-16 as presented regarding adoption of the Fiscal Year 2021—2022 budget.
This ordinance sets the Fiscal Year 2021—2022 Budget estimated revenues, expenditures, and expenses for the General Fund, the Special Revenue Fund and the Utilities Fund.
Per State Statute Chapter 200.065, the Town of Lady Lake must hold a public hearing on the tentative millage rate and proposed budget. At this hearing, the Town Commission will amend and approve the first reading of the budget ordinance after adoption of the tentative millage rate. This hearing was advertised via the TRIM notice mailed out by the Property Appraiser.
Operating, Capital Budget and Other Funds
1. Ordinance 2021-16
2. Summary of funds to be reviewed
The Commission’s first reading of Ordinance 2021-16 is scheduled for Wednesday, September 8, 2021, at 6 p.m. The second and final reading is scheduled for Monday, September 20, 2021, at 6 p.m.
Draft Ordinance 2021-16
AN ORDINANCE OF THE TOWN OF LADY LAKE, LAKE COUNTY, FLORIDA, ADOPTING THE OPERATING BUDGET FOR FISCAL YEAR OCTOBER 1, 2021 THROUGH SEPTEMBER 30, 2022 FOR THE TOWN OF LADY LAKE; SETTING FORTH ANTICIPATED SOURCES OF REVENUE IN THE ESTIMATED AMOUNT OF $29,160,047; SETTING FORTH EXPENDITURES IN AN EQUIVALENT AMOUNT; PROVIDING FOR REPEAL OF CONFLICTING ORDINANCES AND RESOLUTIONS; PROVIDING FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Town Manager of the Town of Lady Lake has prepared the annual report and budget for the Town of Lady Lake for Fiscal Year 2021—2022 and has submitted same to the Town Commission; and
WHEREAS, the proposed budget sets forth, in detail, information on revenues and expenditures, including debt service, and comparative figures for preceding fiscal years; and
WHEREAS, the Town Commission has made a study of the recommended budget and has made amendments thereto as indicated in the budget; and
WHEREAS, a general summary of the proposed budget has been duly advertised in a newspaper of general circulation in the Town with notice to all citizens that the budget is available for public inspection in the office of the Town Clerk; and
WHEREAS, a public hearing on the proposed budget has been conducted by the Town Commission at 6 p.m. on September 20, 2021, in the Town Commission Chambers at 409 Fennell Blvd., Lady Lake, Florida.
NOW, THEREFORE, BE IT ORDAINED by the Town Commission of the Town of Lady Lake, Lake County, Florida:
The following amounts are appropriated for various funds:
|101||Special Revenue Fund (Infrastructure Sales Tax)||2,624,464|
The Fiscal Year 2021—2022 budget for the Town of Lady Lake, as submitted by the Town Manager and as amended by the Town Commission to fund the amounts necessary for the successful operation of the Town departments, is hereby adopted.
The budget adopted in the preceding section shall govern the expenditures of the Town during the ensuing fiscal year effective October 1, 2021 through September 30, 2022.
Supplemental appropriations, reductions of appropriations, emergency appropriations, and interdepartmental transfers of appropriations may be affected by the Town Commission and the Town Manager as deemed necessary in strict compliance with the procedures specific in Article 7, Charter of the Town of Lady Lake, Florida.
All ordinances, resolutions, or parts of ordinances or resolutions in conflict with the provisions of this ordinance are hereby repealed to the extent of such conflict.
If any provision of this ordinance or the application thereof to any person or circumstance is held invalid, the invalidity shall not affect other provisions or applications of the ordinance, which can be given effect without the invalid provision, or application, and to this end, the provisions of this ordinance are declared severable.
This ordinance shall become effective immediately upon final passage by the Town Commission.
PASSED AND ADOPTED this 20th day of September, 2021, in the regular session of the Town Commission of the Town of Lady Lake, Lake County, Florida, upon the second and final reading.
Town of Lady Lake, Florida
Ruth Kussard, Mayor
Nancy Slaton, Town Clerk
Approved as to form:
Derek Schroth, Town Attorney