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HomeMy WebLinkAboutORD 1998-107 ORDINANCE NO. 98-107 �a � AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS ADOPTING THE BUDGET FOR THE CITY OF GRAPEVINE, TEXAS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1998 AND ENDING SEPTEMBER 30, 1999; PROVIDING FOR INTRA- AND INTER-DEPARTMENTAL FUND TRANSFERS; PROVIDING FOR INVESTMENT OF CERTAIN FUNDS; DECLARING AN EMERGENCY; AND PROVIDING AN EFFECTIVE DATE WHEREAS, notice of a public hearing on the budget for the City of Grapevine, Texas for the fiscal year 1998-99 (FY99) was heretofore published in accordance with law; and WHEREAS, a public hearing was duly held and all interested persons were given an opportunity to be heard for or against any item therein. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF - � GRAPEVINE, TEXAS: � Section 1. That the appropriation amounts for the FY99 budget for the different funds of the City of Grapevine are hereby fixed as follows: General Fund $30,188,489 Utility Fund 12,670,354 Debt Service Fund 7,204,808 Convention & Visitors Bureau Fund 3,392,223 Lake Enterprise Fund 2,191,934 Insurance Fund 2,501,351 Fleet Services Fund 816,225 Internal Capital Leasing Fund 3,042,436 General Government Capital Projects Fund 8,988,097 Permanent Street Maintenance Fund 869,500 Permanent Capital Maintenance Fund - General 616,845 Utility & Lake Enterprise Capital Projects Fund 14,321,727 Utility Permanent Capital Maintenance Fund 500,000 Lake Enterprise Permanent Capital Maintenance Fund 85,000 Stormwater Drainage Utility Fund 532,051 � Section 2. That the City Council hereby adopts the revised budget for the fiscal year ending September 30, 1998, as stated in the proposed Annual Operating Budget for the fiscal year ended September 30, 1999 and appropriates the funds contained therein. Section 3. That a copy of the official adopted 1998-99 budget document shall be ���.<;.� kept on file in the office of the City Secretary and the Grapevine Public Library. Section 4. That the City Manager be and is hereby authorized to make intra- and inter-departmental fund transfers during the fiscal year as becomes necessary in order to avoid over-expenditure of a particular object code. Section 5. That the City Manager is authorized to approve expenditures up to $15,000.00. Any expenditure over the $15,000.00 limit requires the approval of the City Council. Each expenditure authorized by the City Manager in Account 100-44701-120-1 in FY 1998 are approved. Section 6. That the City Manager is authorized to reclassify positions within city service as warranted by personnel and position classification studies. Section 7. That the City Manager, and/or Assistant City Manager and/or Director of Administrative Services and/or Finance Manager is authorized to invest any funds not needed for current use, whether operating funds or bond funds in the United States Treasury Bills, Certificates of Deposit, Savings Accounts, Time Deposits, Open Accounts in Official City Depositories, or any other investment instrument authorized by the City's r � Investment Policy and Investment Strategy and allowed by the Texas Public Funds Investment Act of 1987. .��.-� Section 8. The fact that the fiscal year begins on October 1, 1998 requires that this ordinance be effective upon its passage and adopted to preserve the public peace, properly, health, and safety and shall be in full force and effect from and after its passage and adoption, and an emergency is hereby declared. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS on this the 8th day of September, 1998. APPROVED: �� William D. Tate Mayor ORD. NO. 98-107 2 ATTEST: ��¢� Linda Huff City Secretary APPROVED AS TO FORM: John F. Boyle, Jr. � City Attorney �� ORD. NO. 98-107 3