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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 • •