HomeMy WebLinkAboutORD 1998-043 ORDINANCE NO. 98-43
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE AMENDING ORDINANCE NO. 98-31 RELATIVE
TO THE FISCAL YEAR 1997-98 BUDGET BY AMENDING
SECTION 1; DECLARING AN EMERGENCY AND
PROVIDING AN EFFECTIVE DATE
WHEREAS, the City of Grapevine has been accumulating working capital in the
Lake Enterprise Fund for the purpose of having such funds available as needed for a golf
course improvement construction project; and
WHEREAS, such working capital was available in the Lake Enterprise Fund in the
amount of$1,784,011.00 in the beginning of Fiscal Year 1997-98 (FY 1998); and,
WHEREAS, current revenues for FY 1998 are expected to exceed requirements for
current expenses for FY 1998 in the Lake Enterprise Fund; and,
y WHEREAS, $86,295.00 is needed for costs associated with the golf course
improvement project; and
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WHEREAS, it is necessary to appropriate $86,295.00 for the completion of said golf
course improvement related projected.
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$86,295.00 authorized by this ordinance will
be appropriated for expenditure from the Lake Enterprise Fund accumulated working
capital.
Section 3. That Section 1 of Ordinance No. 98-31, as amended is hereby
amended to read as follows:
"Section 1. That the appropriation amounts for the FY 98 budget for different
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funds of Grapevine are hereby fixed as follows:
GeneralFund ...................................................................... 528,623,254
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Utility Fund .......................................................................... 1 1 ,340,144
Debt Service Fund .................................................................. 7,285,342
Convention & Visitors Bureau Fund............................................ 3,527,602
LakeEnterprise Fund................................................................ 1,643,068
InsuranceFund........................................................................ 2,390,175
Fleet Services 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
Storm Drainage Utility Fun.........................................................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 �th day of April , 1998.
APPROVED:
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William D. Tate
ATTEST: Mayor
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Linda Huff
� City Secretary
ORD. N0. 98-43 2
APPROVED AS TO FORM:
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John F. Boyle, Jr.
City Attorney '
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ORD. N0. 98-43 3