PAGE 44
AUGUST 6, 2021
Ocean City Today / Public Notices
TOWN O F OCEAN N C IT TY O PERA ATING BUDG GET T FISC CAL YEA AR 202 21 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 # 2
AMENDMEN T # 2
F Y - 2 021 1 A.
F Y - 2 021 1
Anticipated Revenue: Property Taxes
B. Anticipated Expenditures: $
Other Taxes
44,245,828
General Government
21,271,081
Public Safety
$
4,187,108 39,656,409
Licenses and Permits
4,376,217
General Public Works/Beach Maintenance
6,204,185
Revenue From Other Agencies
8,551,678
Sanitation and Waste Removal
6,651,381
Charges For Current Services
9,327,393
Highways and Streets
5,830,095
Fines and Forfeitures
1,975,400
Economic Development - Tourism
8,322,083
Culture and Recreation
8,182,859
Other Revenue
946,281
Prior Year Reserves Total Revenue
1,539,946 $
92,233,824
Debt Service
5,197,727
Total Expenditures
$
84,231,847
To Transportation Fund
1,865,685
To Airport Fund
135,843
To Convention Center Total Revenue
$
92,233,824
and Other Financing Sources
To Capital Projects Total Expenditures
Co C onnve enntiio onn W Waate err
Trraannssp po orrtaatiio onn
$
6,616,495 $
Capacity/Impact Fees
Aiirrp po orrt
C Co ou urrsse e
1,232,699 $
485,786 $
14,325,179 $
980,543 $
2,255,134
0
0
191,400
0
0
Grants
0
3,972,845
1,766,296
0
2,846,101
0
Food and Beverage Tax
0
0
1,495,195
0
0
0
Private Contributions
0
0
250,000
0
0
0
90,553
116,000
773,215
583,335
289,512
7,602
$
0 6,816,668 $
1,865,685 7,187,229 $
1,792,558 6,563,050 $
0 15,099,914 $
135,843 4,251,999 $
0 2,262,736
$
2,175,451 $
2,442,683 $
2,604,129 $
4,119,104 $
350,728 $
1,149,003
2,955,806
2,676,546
1,463,875
3,962,211
794,422
1,110,510
Capital Outlay
825,000
2,068,000
675,925
3,067,212
3,025,810
3,223
Debt Service
860,411
0
1,569,121
3,951,387
81,039
0
Transfer-In From General Fund Total Revenue Anticipated Expenditures: Personal Services Non-Personal Services
Transfer to Reserves Total Expenditures
0 6,816,668 $
$
0 7,187,229 $
250,000 6,563,050 $
0 15,099,914 $
0 4,251,999 $
0 2,262,736
Information
Service
Ve ehicle
Ri sk
Pen sion &
Capi tal
Technology
Cen ter
Trustt
Managemen t
OPEB Trustt
Projje ects
Anticipated Revenue: Charges to Other Funds
$
Investment Earnings/Other
2,277,887 $
4,073,013 $
3,234,856 $
2,837,707 $
31,819
38,380
5,770,000
0
0
2,012,000
0
526,009
0
0
0
0
0
3,850
0
Employee Contributions
0
0
Sale of Capital Assets/Lease Rev
0
0
5,225
0
564,336
Prior Year Reserves General Fund Contribution Total Revenue B.
W Waasste ewaate err
109,620
Prior Year Reserves
A.
G Go ollff
C Ce ennte err
Anticipated Revenue: Service Charges
B.
4,207,891 92,233,824
$
and Other Financing Uses
Enterprise Funds: A.
1,792,558
0 4,357,020 $
0 2,876,087 $
8,339,700 $
0 231,000
0
$
0 2,286,962 $
0 4,073,013 $
0 16,121,700 $
4,467,891 4,698,891
$
1,097,683 $
1,710,330 $
1,189,279
2,362,683
1,003,432
2,534,972
1,045,000
0 $
0 0
Debt Service
0
0
986,372
0
0
0
Capital Outlay
0
0
2,367,216
0
0
0
Benefit Payments
0
0
0
0
9,650,000
0
Transfer to Reserves
0
0
0
69,400
5,426,700
0
Anticipated Expenditures: Personal Services Non-Personal Services
Capital Projects Total Expenditures
$
0 2,286,962 $
0 4,073,013 $
0 $
0 4,357,020 $
271,715 $
0 2,876,087 $
0 16,121,700 $
4,698,891 4,698,891
Special Authorization - Budget Manager The Director of Budget and Management 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 $0.4559 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 August 2, 2021 SECOND READING of this ordinance shall be held at a meeting of the Mayor and City Council on August 16, 2021
OCD-8/5/1t
