R-02-1276•
CITY OF CLERMONT
RESOLUTION
NO. 1276
•
A RESOLUTION OF THE CITY OF CLERMONT, LAKE
COUNTY, FLORIDA, ESTABLISHING THE WATER IMPACT
FEE FUND BUDGET FOR THE CITY OF CLERMONT FOR
THE FISCAL YEAR 2002-2003 AUTHORIZING RECEIPTS AND
DISBURSEMENTS CONTAINED THEREIN.
WHEREAS, it is hereby found and determined by the City Council of the City
of Clermont, Lake County, Florida, that the following sums of money shall be used to
recover the water system capital costs associated with growth of the City for the Fiscal
Year of October 1, 2002 to September 30, 2003.
CASH BALANCES BROUGHT FORWARD $3,515,.153
ESTIMATED REVENUES:
Impact Fees 858,000
Miscellaneous 90,100
TOTAL ESTIMATED REVENUES $ 948,100
TOTAL CASH BALANCES
& ESTIMATED REVENUES 4 4
EXPENDITURES:
Water System $2,562,582
RESERVES $1,900,671
TOTAL EXPENDITURES AND RESERVES 4 4 2
NOW, THEREFORE, BE IT RESOLVED, that he above said budget for the
Water Impact Fee Fund of the City of Clermont for the 2002-2003 Fiscal Year and
appropriations therefore are hereby adopted.
CITY OF CLERMONT
• RESOLUTION
NO. 1276
Page 2
•
DONE AND RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CLERMONT, LAKE COUNTY, FLORIDA THISay~ DAY OF SEPTEMBER,
2002.
arold S. Turville, Mayor
Attest:
seph E. Van ' e, City Clerk
•
•