HomeMy WebLinkAboutORD 1998-031 ORDINANCE NO. 9s-3�
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� AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE AMENDING ORDINANCE NO. 98-19 RELATIVE
TO THE FISCAL YEAR 1997-98 BUDGET BY AMENDING
SECTION 1; DECLARING AN EMERGENCY AND
PROVIDING AN EFFECTIVE DATE
WHEREAS, the Fiscal Year 1997 Sales Tax Revenues exceeded budgeted FY-97
Sales Tax Revenues by $1,000,000.00, resulting in an unbudgeted beginning FY-98
General Fund Balance increase of$1,000,000.00, and Sales Tax Revenues projected for
Fiscal Year 1998 are expected to exceed FY-98 budgeted Sales Tax Revenues by
$300,800.00; and
WHEREAS, the Fiscal Year 1997 Hotel/Motel Occupancy Tax Revenues exceeded
budget FY-97 Hotel/Motel Occupancy Tax Revenues by $75,800.00, resulting in an
unbudgeted beginning FY-98 Convention & Visitors Bureau Fund Balance increase of
$75,800.00; and
� - WHEREAS, the Fiscal Year 1997 Utility Fund Revenues exceeded budgeted FY-97
; Utility Fund Revenues by $34,700.00, resulting in an unbudgeted beginning FY-98 Utility
� Fund Balance increase of$34,700.00; and
WHEREAS, the Fiscal Year 1997 Lake Enterprise Fund Revenues exceeded
budgeted FY-97 Lake Enterprise Fund Revenues by$7,000.00, resulting in an unbudgeted
beginning FY-98 Lake Enterprise Fund Balance increase of$7,000.00; and
WHEREAS, $1,518,300.00 is needed for additional costs associated with projects
identified as Unfunded Needs for Fiscal Year 1998 a list of which is attached hereto as
Exhibit A; and
WHEREAS, it is necessary to appropriate $1,518,300.00 for completion of said
Unfunded Needs 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.
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, Section 2. That funds in the amount of $1,518,300.00, authorized by this
Ordinance, will be appropriated for expenditures from the General Fund, Convention &
, Visitors Bureau Fund, Utility Fund, and Lake Enterprise Fund as described above.
Section 3. That Section 1 of Ordinance No. 98-19, as amended, is hereby
amended to read as follows:
"Section 1. That the appropriation amounts for the FY 98 budget for different funds
of Grapevine are hereby fixed as follows:
GeneralFund......................................................................................$28,623,254
UtilityFund ...........................................................................................11,340,144
DebtService Fund .................................................................................7,285,342
Convention & Visitors Bureau Fund........................................................3,527,602
Lake Enterprise Fund .............................................................................1,556,773
InsuranceFund.......................................................................................2,390,175
FleetServices Fund...................................................................................635,122
Internal Capital Leasing Fund.................................................................1,351,539
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 3. That the City Manager be and is hereby authorized to make the
appropriate change to the budget to reflect the change noted above.
Section 4. A true copy of this Ordinance amending the Fiscal Year 1997-98 budget
shall be filed with the City Secretary.
Section 5. 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 3rd day of March
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1998.
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ORD. NO. 9$-31 2
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� M APPROVED:
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William D. Tate
Mayor
ATTEST:
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Lind"a Huff
City Secretary
APPROVED AS TO FORM:
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John F. Boyle, Jr.
City Attorney
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ORD. NO. 98-31 3
ATTACHMENT A
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Month to month
� Sales Tax Actual
revenues- YTD FY 1997-98 Difference
FY 1996-97 5 year trend FY 1997-98 Budget Actual-Budget
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October 474,580 6.454°/a 639,749 619,016 20,733
November 428,527 6.523% 805,154 625,600 179,554
December 680,625 10.865% 1,310,427 1,042,070 268,357
January 440,748 6.345°/a 608,540
• February 426,593 6.930% 664,600
March 614,277 10.296% 987�48�
April 474,712 7.036% 674,819
May 439,326 6.999% 671,299
June 683,269 10.933% 1,048,562
July 674,996 7.579% 726,907
August 532,146 8.260% 792��72
September 795,821 11.778% 1,129,640
6,665,620 2,755,330 9,590,706 468,643
Budgeted beginning fund balance for FY 97-98: $ 5,008,452
Actual beginning fund balance for FY 97-98: S 6,289,309
Difference: $ 1,280,857
Additional Sales Tax revenues: $ 468,643
Total: 5 1,749,500
Phase II Computer Upgrade 307,800
�� � � CVB transfer (75,800)
Lake Enterprise transfer (7,000)
Utilities transfer (34,700)
Building Inspections Computer System 48,000
Municipal Court Computer System 53,000
Finance Division computer upgrade 25,000
Central Dispatch mini computer 37,000
Police Department Electrical Work 80,000 �
Replace 52 Air Pack Units 220,000
Main Street Engineering 100,000
Completion of Snakey Lane Trail 287,500
Oak Grove Softball Field 150,000
Park Development 80,000
Play Equipment-shared facilities agreement 30,000
Senior Center Bus 80,000
Upgrade Christmas Decorations 20,000
1,400,800
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