§ 4.01. Budget.

In accordance with Florida law, the city commission shall adopt its budget by resolution which shall constitute appropriations of the amounts specified as expenditures from the funds indicated and shall constitute a levy of the property tax proposed.

The revenues identified by the mayor in the proposed budget shall include those funds existing at the end of the preceding fiscal year designated as "ending fund balance." Ending fund balance shall include revenue receipts becoming available from the preceding fiscal year:

(1)

by the lapsing of unencumbered appropriation balances;

(2)

from unanticipated miscellaneous revenues;

(3)

from anticipated miscellaneous revenues of the preceding fiscal year in excess of the estimates budgeted therefor; and

(4)

from adjustments of inventories and reserves.

(Ord. No. 4392-11, 11-28-2011)