Commission Meeting Agenda Item

Agenda Item

Ordinance 2022-14 (Second and Final Reading) — Adoption of Fiscal Year 2022—23 Budget

Agenda Item ID

2022167

Department

Finance

Staff recommends approval of the second and final reading of Ordinance 2022-14 as presented regarding adoption of the Fiscal Year 2022-23 budget.

Summary

This ordinance sets the Fiscal Year 2022-23 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 approve the second and final reading of the budget ordinance after adoption of the final millage rate. This hearing was advertised via an ad in the local newspaper.

Fiscal Impact

$36,113,371

Funding Account

Operating, Capital Budget and Other Funds

Supporting Documents

  1. Ordinance 2022-14
  2. Summary of Funds to be reviewed

Public Hearings

The Commission approved the first reading of Ordinance 2022-14 on Wednesday, September 7, 2022, at 6 p.m. The second and final reading is scheduled for Monday, September 19, 2022, at 6 p.m.

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