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HomeMy WebLinkAboutORD 1998-106 ORDINANCE NO. 98-106 '� � AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS AMENDING ORDINANCE NO. 98-60 RELATIVE TO THE FISCAL YEAR 1997-98 BUDGET BY AMENDING SECTION 1; DECLARING AN EMERGENCY AND PROVIDING AN EFFECTIVE DATE WHEREAS, the Fiscal Year 1998 Sales Tax Revenues are exceeding budgeted FY-98 Sales Tax Revenues in excess of $434,700.00, resulting in unbudgeted General Fund revenues; and WHEREAS, the Sales Tax Revenues projected for the remainder of FY 98 are expected to continue to exceed budgeted revenues in excess of revenues required for General Fund expenditures in FY 98; and WHEREAS, $434,700.00 is needed for additional costs associated with unfunded needs for Fiscal Year 1998 delineated as follows: ._ , Bear Creek Park Restrooms $95,000 Parr Park Restrooms 40,000 � Playgrounds (Banyan, Parkwood, Cluck) 90,000 Western Oaks/Belfort Park 50,000 Horseshoe Trails Overlay 65,000 Median Irrigation 59,700 Grapevine Middle School Playground 35,000 Total $434,700 and; WHEREAS, it is necessary to appropriate $434,700.00 for completion of said unfunded projects. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS: Section 1. That all the above premises are true and correct and are hereby incorporated into this ordinance as if copied in their entirety. Section 2. That funds in the amount of$434,700.00, authorized by this ordinance, are appropriated for expenditures from the General Fund as described above. `°`°'° Section 3. That Section 1 of Ordinance No. 98-60, as amended, is hereby amended to read as follows: "Section 1. That the appropriation amounts for the FY 98 budget for different funds rv � of Grapevine are hereby fixed as follows: �;� GeneralFund......................................................................................$29,057,954 UtilityFund ........................................................................................... 11,340,144 Debt Service Fund .................................................................................7,285,342 Convention & Visitors Bureau Fund........................................................3,527,602 LakeEnterprise Fund ............................................................................. 1,643,068 InsuranceFund.......................................................................................2,390,175 FleetServices Fund...................................................................................635,122 Internal Capital Leasing Fund................................................................. 1,537,496 General Government Capital Projects Fund ......................................... 10,348,593 Permanent Street Maintenance Fund........................................................682,171 Permanent Capital Maintenance Fund-General ........................................716,159 Utility & Lake Enterprise Capital Project Fund ........................................7,207,032 Utility Permanent Capital Maintenance Fund.......................................... 1,120,100 Lake Enterprise Permanent Capital Maintenance Fund ..............................81,000 Stormwater Drainage Utility Fund .............................................................338,449" Section 4. That the City Manager be and is hereby authorized to make the appropriate change to the budget to reflect the change noted above. Section 5. A true copy of this ordinance amending the Fiscal Year 1997-98 budget �� shall be filed with the City Secretary. Section 6. The fact that the present ordinances and regulations of the City of Grapevine, Texas are inadequate to properly safeguard the health, safety, morals, peace and general welfare of the public creates an emergency which requires that this ordinance become effective from and after the date of its passage, and it is accordingly so ordained. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS on this the 8th day of September, 1998. APPROVED: i ��� William D. Tate Mayor ,�..,„ � ORD. N0. 98-106 2 ATTEST: .,�:� � Lind uff City Secretary APPROVED AS TO FORM: John F. Boyle, Jr. City Attorney ,�., �;.,� �-� ORD. NO. 98-106 3