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ORDINANCE NO. 2002- /59- AN ORDINANCE OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, ADOPTING AN OPERATING AND CAPITAL OUTLAY BUDGET FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2002 THROUGH SEPTEMBER 30,2003, PURSUANT TO FLORIDA STATUTES SECTION 200.65 (TRIM BILL) AUTHORIZING EXPENDITURES OF FUNDS ESTABLISHED BY THE BUDGET; AUTHORIZING ENCUMBRANCES; AUTHORIZING ISSUANCE OF CHECKS; PROVIDING FOR GRANTS AND GIFTS; PROVIDING FOR POST AUDIT; PROVIDING FOR SEVERABILITY AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Manager has presented to the City Commission a tentative operating budget for the fiscal year commencing October 1, 2002 and the City Commission has scheduled a public hearing required by Section 200.065 of the Florida Statutes to be held on September 5,2002, at 7:30 p.m., which hearing was duly noticed by the Property Appraiser as required by Florida Statutes; and WHEREAS, the second public hearing as required by Florida Statutes had been scheduled for September 26,2002, which hearing was properly advertised and noticed as required by Florida Statutes, giving the public and all interested parties an opportunity to address their comments to the City Commission and, the City Commission having had an opportunity to review and approve the tentative budget, as deemed appropriate, and having considered any comments of the public regarding the tentative budget and having complied with the "Trim" requirements of the Florida Statutes; NOW THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: Section 1. First Public Hearing: Operating and Capital Budget. The operating and capital budget, attached as Exhibit "A," as presented by the City Manager, and as amended by the City Commission, be and the same hereby is tentatively adopted at first reading, subject to final adoption and amendments, as provided by Section 200.065 of the Florida Statutes (second reading). Section 2. Second Public Hearing: Operating and Capital Budget. The final public hearing to adopt a budget for the fiscal year commencing October 1, 2002 through September 30, 2003, set for Thursday, September 26,2002,7:30 p.m., at 17070 Collins Avenue, Suite 250, Sunny Isles Beach, Florida, as previously reviewed and approved on September 5,2002, by the City Commission and adopted first as the tentative operating and capital budget, be, and the same, is hereby adopted by the City as its final budget for Fiscal Year 2002-2003 pursuant to Article 4.5 of the City Charter. Section 3. Expenditure of funds appropriated in the budget authorized. Funds may be expended by, and with the approval of the City Manager in accordance with the provisions of the City Charter and applicable laws. Funds of the City shall be expended in accordance with the appropriations provided in the budget adopted by this Ordinance and shall constitute an appropriation of amounts specified therein. Supplemental appropriations and reduction of appropriations, if any, shall be made in accordance with Article 4.7 of the Charter of the City of Sunny Isles Beach. 02002- Operating and Capital Outlay Budget Page 1 of3