PAGE 38
APRIL 1, 2022
Ocean City Today / Public Notices
TOWN O F OCEAN N C IT TY O PERA ATING BUDG GET T FISC CAL YEA AR 202 22 BUDGET MENDMENT T #1 O OR RDINA AN NC CE E 20 02 22-0 07 BE IT ENACTED AND ORDAINED by the Mayor and Council of Ocean City, Maryland, that the following fund revenue and departmental expenditures, together with certain restrictions and authorizations are adopted: General Fund
1 ST READING
General Fund
1 ST READING
AMENDMENT # 1
AMENDMENT # 1
FY - 20 022 A.
FY - 20 022
Anticipated Revenue: Property Taxes
B. Anticipated Expenditures: $
Other Taxes
44,729,030
General Government
22,885,080
Public Safety
$
3,834,039 41,190,507
Licenses and Permits
4,278,137
General Public Works/Beach Maintenance
Revenue From Other Agencies
6,144,129
Sanitation and Waste Removal
6,347,875
Highways and Streets
6,042,855
Charges For Current Services
11,430,835
Fines and Forfeitures
1,588,802
Other Revenue
834,055
Prior Year Reserves Total Revenue
4,821,701 $
96,711,769
6,486,799
Economic Development - Tourism
11,306,855
Culture and Recreation
8,821,548
Debt Service
5,211,421
Total Expenditures
$
89,241,899
To Airport Fund
Total Revenue
$
96,711,769
and Other Financing Sources
1,687,613
To Capital Maintenance
1,662,671
To Capital Projects Total Expenditures
Co C on nve en nttiio on n W Wa atte err
Trra an nssp po orrtta attiio on n
Service Charges
$
7,239,170 $
Bond Proceeds
Aiirrp po orrtt
C Co ou urrsse e
2,765,608 $
1,723,681 $
14,381,313 $
1,016,779 $
0
0
224,400
0
5,348,080
0
504,535
4,540,823
0
2,309,259 0
Sale of Capital Assets
0
24,770
0
0
0
Grants
0
4,378,840
1,737,611
0
4,699,840
Food and Beverage Tax
0
0
1,450,000
0
0
0
421,479
235,941
525,328
557,697
84,344
20,339
$
0 13,137,249 $
0 7,405,159 $
1,687,613 7,628,768 $
0 19,704,233 $
394,586 6,195,549 $
0 2,329,598
$
Transfer-In From General Fund Total Revenue
0
Anticipated Expenditures: Personal Services
2,214,822 $
3,534,082 $
3,174,714 $
4,080,764 $
354,103 $
1,180,226
Non-Personal Services
3,601,430
3,147,170
1,676,753
4,227,538
758,874
1,149,372
Capital Outlay
6,527,284
723,907
504,535
8,349,060
5,001,533
0
793,713
0
2,072,766
3,046,871
81,039
0
Debt Service Transfer to Reserves Total Expenditures
0 13,137,249 $
$
0 7,405,159 $
200,000 7,628,768 $
0 19,704,233 $
0 6,195,549 $
0 2,329,598
Information
Service
Ve ehi cl e
Ri sk
P en sion &
Capi tal
Techn ol ogy
Cen ter
Trust t
Managem en t
OPEB Tru st t
Pr ojje ects
Anticipated Revenue: Charges to Other Funds
$
2,282,546 $
4,361,312 $
3,286,448 $
2,680,782 $
7,045,747 $
0
Bond Proceeds
0
0
0
0
0
18,515,286
Investment Earnings/Other
0
0
0
33,715
6,583,000
0
Employee Contributions
0
0
0
0
1,992,000
0
Sale of Capital Assets/Lease Rev
0
0
541,948
0
0
0
43,264
0
771,694
49,000
85,000
0 4,600,090 $
0 2,763,497 $
Prior Year Reserves General Fund Contribution Total Revenue B.
W Wa asstte ewa atte err
128,520
Prior Year Reserves
A.
G Go ollff
C Ce en ntte err
Anticipated Revenue: Capacity/Impact Fees
B.
3,725,000 96,711,769
$
and Other Financing Uses
Enterprise Funds: A.
394,586
To Convention Center
0
$
0 2,325,810 $
0 4,361,312 $
0 15,705,747 $
5,647,671 24,162,957
$
1,056,929 $
1,599,721 $
1,268,881
2,761,591
1,190,872
2,566,237
1,151,000
0 $
0 0
Debt Service
0
0
868,663
0
0
0
Capital Outlay
0
0
2,540,555
0
0
0
Benefit Payments
0
0
0
0
10,725,000
0
Transfer to Reserves
0
0
0
0
3,829,747
Anticipated Expenditures: Personal Services Non-Personal Services
Capital Projects Total Expenditures
$
0 2,325,810 $
0 4,361,312 $
0 $
0 4,600,090 $
197,260 $
0 2,763,497 $
0 15,705,747 $
0 24,162,957 24,162,957
Special Authorization - Budget Director The Budget Director shall be authorized to reallocate departmental appropriations among the various objects of expenditures as she deems necessary. Such changes shall be approved by the Finance Director & City Manager Restrictions - City Manager: A.
The utilization of any contingency appropriation shall be accomplished only with prior authorization from the Mayor and Council.
B.
Utilization of appropriations established in the Capital Improvement Fund may be accomplished only with the express approval of the Mayor and Council.
Tax Rate: An Ad Valorem Tax Rate of $0.4561 per $100 of assessed valuation of real property and a rate of $1.14 per $100 of assessed valuation of corporate and personal property tax is required to fund this budget. INTRODUCED at a meeting of the City Council of Ocean City, Maryland held on March 21, 2022 SECOND READING of this ordinance shall be held at a meeting of the Mayor and City Council on April 4, 2022
OCD-3/31/1t
