HomeMy WebLinkAboutItem 01 - FY 2005-2006 BudgetMEMO TO:
FROM:
MEETING DATE:
SUBJECT:
RECOMMENDATION:
ITlM •
HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
BRUNO RUMBELOW, ACTING CITY MANAGER 6I`
SEPTEMBER 13, 2005
FY 2005-2006 BUDGET ORDINANCE
Staff recommends Council consider an ordinance adopting the FY 2005-2006 City of
Grapevine Annual Budget. The budget includes the programs discussed at the City
Council workshops held on August 9 and August 19, 2005 and the public hearing on
September 6, 2005, and contains fund expenditures in the following amounts:
General Fund
Utility Fund
Debt Service Fund
Convention & Visitors Bureau Fund
Lake Enterprise Fund
General Government Capital Projects Fund
Permanent Street Maintenance Fund
Permanent Capital Maintenance Fund - General
Utility & Lake Enterprise Capital Projects Fund
Utility Permanent Capital Maintenance Fund
Stormwater Drainage Utility Fund
Lake Parks Special Revenue Fund
BACKGROUND INFORMATION:
$42,260,146
19,933,226
11,571,321
8,685,048
2,834,529
12,652,845
1,170, 000
562,800
3,579,438
2,337,425
1,548,113
379,851
The FY 2005-2006 budget, as proposed, is presented for your consideration. The budget
presented requires a tax rate of $0.3625. The required public hearing to solicit input was
held on September 6, 2005 as required by the City Charter.
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September 8, 2005 8:20AM
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 FY 2005
and FY 2006 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 is 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 General Fund, the Convention and
Visitors Bureau Fund and Lake Enterprise Fund are suspended for FY 2005 and FY 2006.
Section 9. The fact that the fiscal year begins on October 1, 2005 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 13th day of September, 2005.
i71
ORD. NO. 2
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