RESOLUTION NO. _____________
	A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA  TENTATIVELY ADOPTING THE FISCAL YEAR 2007-08 BUDGET FOR THE CITY OF LEESBURG, FLORIDA; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Commission of the City of Leesburg, Florida, has held numerous budget work  sessions for the purpose of reviewing, and, where appropriate, revising the Fiscal Year 2007-08 Budget, and
WHEREAS, the provisions of Section 200.065(2)(c), Florida Statutes, commonly known as the Truth in Millage or TRIM Bill, require that the City Commission hold a public hearing and adopt a tentative budget and millage rate for Fiscal Year 2007-08; and,
NOW THEREFORE, BE IT ENACTED BY THE PEOPLE OF THE CITY OF LEESBURG, FLORIDA:
SECTION I.
Pursuant to Section 200.065, Florida Statutes, and all other applicable laws, the following amounts for use by the various funds during Fiscal Year 2007-08 as reflected below, including all modifications or amendments made during this meeting, are hereby adopted as the budget for Fiscal Year 2007-08 for the City of Leesburg, Florida:
	GENERAL FUND
	ESTIMATED REVENUES AND OTHER RECEIPTS
	Current Ad Valorem Taxes (Based on an assessed value of $1,576,656,642)
		4.3100 Mills	6,455,620
	Other Taxes		5,268,271
	Licenses and Permits		264,500
	Intergovernmental Revenue		2,735,683
	Charges for Services		541,913
	Fines and Forfeits		228,500
	Miscellaneous Revenues		1,692,296
	Total Estimated Revenues		17,186,783
	Other Financing Sources:
	Transfers from other Funds		8,911,561
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS		26,098,344

GENERAL FUND (Continued)
PROPOSED APPROPRIATIONS
General Government	1,499,913
Public Safety	14,027,540
Physical Environment	314,767
Transportation	2,752,218
Economic Environment	277,453
Human Services	57,905
Culture/Recreation	5,732,343
Other Uses	110,525
Non Expenditures:
Transfers to other Funds	1,325,680
TOTAL PROPOSED APPROPRIATIONS	26,098,344
STORMWATER FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Charges for Services	1,438,966
Miscellaneous Revenues	12,000
TOTAL ESTIMATED REVENUES AND OTHER	1,450,966
PROPOSED APPROPRIATIONS
Physical Environment	1,450,966
TOTAL PROPOSED APPROPRIATIONS	1,450,966
GREATER LEESBURG COMMUNITY REDEVELOPMENT AGENCY
ESTIMATED REVENUES AND OTHER RECEIPTS
Intergovernmental Revenue	340,057
Miscellaneous Revenues	10,000
Total Estimated Revenues	350,057
Other Financing Sources:
Transfers from other Funds	269,380
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	619,437
PROPOSED APPROPRIATIONS
Non Expenditures:
Transfers to other Funds	285,671
Debt Service	24,048
Reserves- Contributions to Fund Balance	309,718
TOTAL PROPOSED APPROPRIATIONS	619,437
CARVER HEIGHTS COMMUNITY REDEVELOPMENT AGENCY
ESTIMATED REVENUES AND OTHER RECEIPTS
Intergovernmental Revenue	163,509
Miscellaneous Revenues	8,000
Total Estimated Revenues	171,509
Other Financing Sources:
Transfers from other Funds	129,526
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	301,035
PROPOSED APPROPRIATIONS
Non Expenditures:
Reserves- Contributions to Fund Balance	301,035
TOTAL PROPOSED APPROPRIATIONS	301,035
US HWY 441/27 COMMUNITY REDEVELOPMENT AGENCY
ESTIMATED REVENUES AND OTHER RECEIPTS
Intergovernmental Revenue	671,294
Miscellaneous Revenues	18,000
Total Estimated Revenues	689,294
Other Financing Sources:
Transfers from other Funds	531,774
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	1,221,068
PROPOSED APPROPRIATIONS
Economic Environment	450,000
Non Expenditures:
Reserves- Contributions to Fund Balance	771,068
TOTAL PROPOSED APPROPRIATIONS	1,221,068
DEBT SERVICE FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Other Sources	1,625,700
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	1,625,700
PROPOSED APPROPRIATIONS
Non Expenditures:
Debt Service	1,625,700
TOTAL PROPOSED APPROPRIATIONS	1,625,700
CAPITAL PROJECTS FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Intergovernmental Revenue	6,025,140
Other Sources	749,490
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	6,774,630
PROPOSED APPROPRIATIONS
Transportation	6,574,630
Culture/Recreation	200,000
TOTAL PROPOSED APPROPRIATIONS	6,774,630
ELECTRIC FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Charges for Services	63,902,848
Miscellaneous Revenues	625,894
Other Sources	525,000
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	65,053,742
PROPOSED APPROPRIATIONS
Physical Environment	58,070,110
Non Expenditures:
Transfers to other Funds	5,804,251
Debt Service	1,179,381
TOTAL PROPOSED APPROPRIATIONS	65,053,742
GAS FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Charges for Services	10,712,284
Miscellaneous Revenues	61,735
Other Sources	1,440,097
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	12,214,116
PROPOSED APPROPRIATIONS
Physical Environment	10,106,188
Non Expenditures:
Transfers to other Funds	913,619
Debt Service	268,187
Reserves- Contributions to Retained Earnings	926,122
TOTAL PROPOSED APPROPRIATIONS	12,214,116
WATER FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Charges for Services	7,717,188
Miscellaneous Revenues	773,680
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	8,490,868
PROPOSED APPROPRIATIONS
Physical Environment	6,423,385
Non Expenditures:
Transfers to other Funds	892,268
Debt Service	761,544
Reserves- Contributions to Retained Earnings	413,671
TOTAL PROPOSED APPROPRIATIONS	8,490,868
WASTEWATER FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Charges for Services	9,713,012
Miscellaneous Revenues	1,495,281
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	11,208,293
PROPOSED APPROPRIATIONS
Physical Environment	9,361,357
Non Expenditures:
Transfers to other Funds	682,516
Debt Service	1,025,867
Reserves- Contributions to Retained Earnings	138,553
TOTAL PROPOSED APPROPRIATIONS	11,208,293
COMMUNICATIONS FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Charges for Services	1,188,576
Miscellaneous Revenue	27,300
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	1,215,876
PROPOSED APPROPRIATIONS
Physical Environment	1,098,876
Non Expenditures:
Debt Service	117,000
TOTAL PROPOSED APPROPRIATIONS	1,215,876
SOLID WASTE FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Charges for Services	3,992,779
Miscellaneous Revenues	36,336
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	4,029,115
PROPOSED APPROPRIATIONS
Physical Environment	3,760,865
Non Expenditures:
Transfers to other Funds	268,250
TOTAL PROPOSED APPROPRIATIONS	4,029,115
POLICE PENSION FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Other Taxes	185,000
Miscellaneous Revenues	625,000
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	810,000
PROPOSED APPROPRIATIONS
General Government	720,000
Non Expenditures:
Reserves- Contributions to Fund Balance	90,000
TOTAL PROPOSED APPROPRIATIONS	810,000
FIRE PENSION FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Other Taxes	139,000
Miscellaneous Revenues	680,000
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	819,000
PROPOSED APPROPRIATIONS
General Government	530,000
Non Expenditures:
Reserves- Contributions to Fund Balance	289,000
TOTAL PROPOSED APPROPRIATIONS	819,000

GENERAL EMPLOYEE'S PENSION FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Miscellaneous Revenues	3,106,022
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	3,106,022
PROPOSED APPROPRIATIONS
General Government	1,995,000
Non Expenditures:
Reserves- Contributions to Fund Balance	1,111,022
TOTAL PROPOSED APPROPRIATIONS	3,106,022
HEALTH INSURANCE FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Charges for Services	4,219,349
Miscellaneous Revenues	205,000
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	4,424,349
PROPOSED APPROPRIATIONS
General Government	4,424,349
TOTAL PROPOSED APPROPRIATIONS	4,424,349
WORKERS' COMPENSATION FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Charges for Services	443,468
Miscellaneous Revenues	80,000
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	523,468
PROPOSED APPROPRIATIONS
General Government	523,468
TOTAL PROPOSED APPROPRIATIONS	523,468
DISCRETIONARY SALES TAX FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Other Taxes	1,820,176
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	1,820,176
PROPOSED APPROPRIATIONS
Non Expenditures:
Transfers to other Funds	1,820,176
TOTAL PROPOSED APPROPRIATIONS	1,820,176
POLICE IMPACT FEES
ESTIMATED REVENUES AND OTHER RECEIPTS
Miscellaneous Revenues	100,000
Other Sources	301,500
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	401,500
PROPOSED APPROPRIATIONS
Public Safety	401,500
TOTAL PROPOSED APPROPRIATIONS	401,500
FIRE IMPACT FEES
ESTIMATED REVENUES AND OTHER RECEIPTS
Miscellaneous Revenue	100,000
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	100,000
PROPOSED APPROPRIATIONS
Non Expenditures:
Reserves- Contributions to Fund Balance	100,000
TOTAL PROPOSED APPROPRIATIONS	100,000
RECREATION IMPACT FEES
ESTIMATED REVENUES AND OTHER RECEIPTS
Miscellaneous Revenue	140,000
Other Sources	60,000
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	200,000
PROPOSED APPROPRIATIONS
Non Expenditures:
Transfers to Other Funds	200,000
TOTAL PROPOSED APPROPRIATIONS	200,000

BUILDING PERMITS FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Licenses & Permits	972,000
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	972,000
PROPOSED APPROPRIATIONS
Public Safety	893,578
Non Expenditures:
Reserves- Contributions to Fund Balance	78,422
TOTAL PROPOSED APPROPRIATIONS	972,000
POLICE FORFEITURE FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Fines and Forfeits	62,000
Other Sources	7,400
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	69,400
PROPOSED APPROPRIATIONS
Public Safety	44,400
Non Expenditures:
Transfers to other funds	25,000
TOTAL PROPOSED APPROPRIATIONS	69,400
POLICE EDUCATION RECEIPTS FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Fines and Forfeits	17,000
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	17,000
PROPOSED APPROPRIATIONS
Non Expenditures:
Reserves- Contributions to Fund Balance	17,000
TOTAL PROPOSED APPROPRIATIONS	17,000
KRISTEN STREET FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Other Sources	220,000
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	220,000
PROPOSED APPROPRIATIONS
Non Expenditures:
Debt Service	220,000
	220,000
ALL FUNDS
ESTIMATED REVENUES AND OTHER RECEIPTS
Ad Valorem Taxes	6,455,620
Other Taxes	7,412,447
Licenses and Permits	1,236,500
Intergovernmental Revenue	9,935,683
Charges for Services	103,870,383
Fines and Forfeits	307,500
Miscellaneous Revenues	9,796,544
Other Sources	4,929,187
Total Estimated Revenues	143,943,864
Other Financing Sources:
Transfers from other Funds	9,842,241
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	153,786,105
PROPOSED APPROPRIATIONS
General Government	9,692,730
Public Safety	15,367,018
Physical Environment	90,586,514
Transportation	9,326,848
Economic Environment	727,453
Human Services	57,905
Culture/Recreation	5,932,343
Other Uses	110,525
Non Expenditures:
Transfers to other Funds	12,217,431
Debt Service	5,221,727
Reserves- Contributions to Fund Balance	3,067,265
Reserves- Contributions to Retained Earnings	1,478,346
TOTAL PROPOSED APPROPRIATIONS	153,786,105

SECTION II.
This resolution shall become effective immediately upon its passage and adoption by the
Leesburg City Commission.
PASSED AND ADOPTED at a special meeting of the City Commission of the
City of Leesburg, Florida held  the 13th of September 2007.
	Mayor
ATTEST:
City Clerk