ORDINANCE 10-149
AN ORDINANCE OF THE CITY OF LAKELAND, TENNESSEE, ADOPTING A
BUDGET FOR FISCAL YEAR JULY 01, 2010 THROUGH JUNE 30, 2011.


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, 2010, 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, 2010 as follows:

A. OPERATING REVENUE GENERAL FUND: $3,874,684

B. OPERATING EXPENDITURES GENERAL FUND: $3,874,684

C. CAPITAL REVENUE (GRANTS & TML LOAN): $4,240,000

D. CAPITAL EXPENDITURES: $4,240,000

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 06, 2010.
Public Hearing: May 25, 2010.
Final Reading: June 03, 2010.



____________________________
Scott Carmichael, Mayor

ATTEST:



____________________________
Sontidra L. Thomas, CMC
City Recorder