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HomeMy WebLinkAboutORD 2013-041ORDINANCE NO. 2013 -41 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, 2013 AND ENDING SEPTEMBER 30, 2014; PROVIDING FOR INTRA- AND INTERDEPARTMENTAL FUND TRANSFERS; PROVIDING FOR INVESTMENT OF CERTAIN FUNDS; DECLARING AN EMERGENCY; AND PROVIDING AN EFFECTIVE DATE WHEREAS, a notice of public hearing on the budget for the City of Grapevine, Texas for the Fiscal Year 2013 -2014 (FY 2014) 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 FY2013 -2014 budget for the different funds of the City of Grapevine are hereby fixed as follows: General Fund $58,339,600 Municipal Court Technology Fund 35,857 Convention & Visitors Bureau Fund 19,754,407 Stormwater Drainage Fund 2,362,410 Crime Control & Prevention District Fund 13,730,075 Lake Parks Special Revenue Fund 2,1 09,711 4B Economic Development Fund 9,204,163 Debt Service Fund 14,428,596 Utility Enterprise Fund 22,389,885 Lake Enterprise (Golf) Fund 3,389,586 General Permanent Capital Maintenance Fund 1,251,000 Permanent Street Maintenance Fund 1,558,000 Community Quality of Life Capital Project Fund 2,854,057 Streets, Drainage & Traffic Capital Projects 5,252,113 Buildings & Facilities Capital Projects 16,939,871 Water & Wastewater Capital Projects 9,757,225 Capital Equipment Acquisitions 1,886,000 Section 2. That the City Council hereby adopts the revised budget for the fiscal year ending September 30, 2013 and the proposed Annual Operating Budget for the fiscal year ending September 30, 2014 and appropriates the funds contained therein. Section 3. That a copy of the official adopted FY2013 -2014 budget document shall be kept on file in the office of the City Secretary and the City of Grapevine website. 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 FY2013 and FY2014 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 designated investment officer 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 2 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 FY2013 and FY2014. Section 9. That the fact that the fiscal year begins on October 1, 2013 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 an emergency is hereby declared. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS on this the 10th day of September, 2013. William D. Tate Mayor ORD. NO. 2013 -41 2 ATTEST: J4 )t. Brown Citysecretary Matthew Boyle City Attorney ORD. NO. 2013-41