HomeMy WebLinkAboutORD 2008-045 ORDINANCE NO. 2008-45
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, 2008 AND ENDING SEPTEMBER
30, 2009; PROVIDING FOR INTRA- AND INTER-
DEPARTMENTAL FUND TRANSFERS; PROVIDING FOR
INVESTMENT OF CERTAIN FUNDS; DECLARING AN
EMERGENCY; AND PROVIDING AN EFFECTIVE DATE
WHEREAS, notices of public hearings on the budget for the City of Grapevine,
Texas for the Fiscal Year 2008-2009 (FY2009) were heretofore published in accordance
with law; and
WHEREAS, public hearings were 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 FY2008-2009 budget for the
different funds of the City of Grapevine are hereby fixed as follows:
General Fund $52,847,569
Utility Enterprise Fund 20,615,391
Debt Service Fund 12,502,332
Convention & Visitors Bureau Fund 18,662,024
Lake Enterprise Fund 3,070,435
Streets & Drainage Capital Projects 1,921,990
Permanent Street Maintenance Fund 1,380,000
General Permanent Capital Maintenance Fund 819,000
Utility Permanent Capital Maintenance Fund 750,000
Stormwater Drainage Fund 1,389,831
Lake Parks Fund 837,568
Water and Wastewater System Capital Projects 308,066
4B Fund 8,767,871
Crime Control & Prevention District Fund 12,271,735
Community Quality of Life Fund 10,550,000
Buildings & Facilities Capital Projects 5,612,000
Traffic Improvements Capital Projects 548,999
Capital Equipment Acquisitions 4,114,817
Section 2. That the City Council hereby adopts the revised budget for the fiscal
year ending September 30, 2008 and the proposed Annual Operating Budget for the fiscal
year ended September 30, 2009 and appropriates the funds contained therein.
Section 3. That a copy of the official adopted FY2008-2009 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. Any expenditure over the $15,000 limit requires the approval of the City Council.
Each expenditure authorized by the City Manager in Account 100-44701-120-1 in FY2008
and FY2009 is approved.
Section 6. That the City Manager is authorized to reclassify personnel positions
within city service as warranted.
Section 7. That the City Manager, and/or Assistant City Manager and/or Director
of Administrative Services and/or Managing Director of Financial Services are authorized to
invest any funds not needed for current use, whether operating funds or bond funds in
Official City Depositories, in any investment instrument authorized by the City's Investment
Policy and Investment Strategy and allowed by the Texas Public Funds Investment Act.
Section 8. That the reserve requirement for the Lake Enterprise Fund is
suspended for FY2008 and FY2009.
Section 9. The fact that the fiscal year begins on October 1, 2008 requires that
this ordinance be effective upon its passage and adopted to preserve the public peace,
property, health, and safety and shall be in full force and effect from and after its passage
and adoption, and emergency is hereby declared.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 16th day of September, 2008.
APPROVED:
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William D. Tate
Mayor
ORD. NO. 2008-45 2
ATTEST:
Lin a Hufflt
City Secretary
APPROVED AS TO FORM:
Douglas Con 1'- ; Ill
Assistant City Attorney
ORD. NO. 2008-45 3