HomeMy WebLinkAboutItem 01 - FY 2004-2005 Budget ITEM #
MEMO TO: HONORABLE MAYOR AND MEMBERS OF HE CITY COUNCIL
FROM: ROGER NELSON, CITY MANAGER 1.
MEETING DATE: SEPTEMBER14, 2004
SUBJECT: FY 2004-2005 BUDGET ORDINANCE
RECOMMENDATION:
Staff recommends Council consider an ordinance adopting the FY 2004-2005 City of
Grapevine Annual Budget. The budget includes the programs discussed at the City
Council workshop held on August 31, 2004 and the public hearing on September 7, 2004,
and contains fund expenditures in the following amounts:
General Fund $41,736,798
Utility Fund 17,294,530
Debt Service Fund 11,172,651
Convention & Visitors Bureau Fund 7,842,906
Lake Enterprise Fund 2,714,908
General Government Capital Projects Fund 14,895,618
Permanent Street Maintenance Fund 1,130,000
Permanent Capital Maintenance Fund - General 535,300
Utility & Lake Enterprise Capital Projects Fund 4,424,541
Utility Permanent Capital Maintenance Fund 105,762
Stormwater Drainage Utility Fund 1,137,726
BACKGROUND INFORMATION:
The FY 2004-2005 budget, as proposed, is presented for your consideration. The budget
presented requires a tax rate of $0.3635. The required public hearing to solicit input was
held on September 7, 2004 as required by the City Charter.
WAG/cjc
H:budget2004.agm
September 2, 2004 4:28PM
ORDINANCE NO.
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 , 2004 AND ENDING SEPTEMBER
30, 2005; PROVIDING FOR INTRA- AND INTER-
DEPARTMENTAL FUND TRANSFERS; PROVIDING FOR
INVESTMENT OF CERTAIN FUNDS; DECLARING AN
EMERGENCY; AND PROVIDING AN EFFECTIVE DATE
WHEREAS, notice of a public hearing on the budget for the City of Grapevine,
Texas for the fiscal year 2004-2005 (FY 2005) 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 FY 2004-2005 budget for the
different funds of the City of Grapevine are hereby fixed as follows:
General Fund $41 ,736,798
Utility Fund 17,294,530
Debt Service Fund 11 ,172,651
Convention & Visitors Bureau Fund 7,842,906
Lake Enterprise Fund 2,714,908
General Government Capital Projects Fund 14,895,618
Permanent Street Maintenance Fund 1 ,130,000
Permanent Capital Maintenance Fund — General 535,300
Utility & Lake Enterprise Capital Projects Fund 4,424,541
Utility Permanent Capital Maintenance Fund 105,762
Stormwater Drainage Utility Fund 1 ,137,726
Section 2. That the City Council hereby adopts the revised budget for the fiscal
year ending September 30, 2004 and the proposed Annual Operating Budget for the fiscal
year ended September 30, 2005 and appropriates the funds contained therein.
Section 3. That a copy of the official adopted 2004-2005 budget document shall be
kept on file in the office of the City Secretary and the Grapevine Public Library.
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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 2004
and FY 2005 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 Convention and Visitors Bureau
Fund and Lake Enterprise funds are suspended for FY 2004 and FY 2005.
Section 9. That the excess of revenues over expenditures for the Lake Park
Project Programs with the Army Corps of Engineers will be carried forward with an
appropriation, herein, from FY 2004 to FY 2005.
Section 10. The fact that the fiscal year begins on October 1, 2004 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 14th day of September, 2004.
APPROVED:
ORD. NO. 2
ATTEST:
APPROVED AS TO FORM:
ORD. NO. 3