ORDINANCE 07-106
AN ORDINANCE OF THE CITY OF LAKELAND, TENNESSEE, ADOPTING A
BUDGET FOR FISCAL YEAR JULY 01, 2007 THROUGH JUNE 30, 2008.


Be it ordained by the City of Lakeland, Tennessee as follows:

Section 1. That the total funds received from the sources shown under the attached Line Item Revenue Budget for Fiscal Year beginning July 01, 2007, be, and the same is hereby appropriated for the purpose set forth in detail in the Line Item Expenditures Budget for the payment of expenses and obligations of the City of Lakeland, Tennessee, for Fiscal Year beginning July 01, 2007 as follows:

A. REVENUE GENERAL FUND: $6,739,880

B. EXPENDITURES GENERAL FUND: $6,739,880

Section 2. Appropriations not to be exceeded. No expenditure listed above in the budget may be exceeded without appropriate ordinance action to amend the budget. Such action shall fully describe all changes proposed to the budget and shall include the sources of revenue to finance the proposed expenditures.

Section 3. Line item budget required. A line item budget shall be prepared in support of the budget. The line item budget shall be used as guidance and generally following in implementing the subject.


First Reading: May 03, 2007.
Public Hearing: June 04, 2007.
Final Reading: June 14, 2007.




Scott Carmichael, Mayor

ATTEST:




Sontidra Franklin, City Recorder