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HomeMy WebLinkAboutItem 11 - Budget �°f���`° �:� �� MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL .� .L FROM: BRUNO RUMBELOW, CITY MANAGER � � MEETING DATE: SEPTEMBER 16, 2008 SUBJECT: FY 2009 OPERATING BUDGET ADOPTION RECOMMENDATION: Staff recommends Council consider an ordinance adopting the FY 2008-2009.City of Grapevine Annual Budget. The budget includes the programs discussed at the City Council workshops held on August 4, August 12 and August 18, 2008 and the public hearing on September 2, 2008 and, contains fund expenditures in the following amounts: 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 BACKGROUND INFORMATION: The FY 2008-2009 budget, as proposed, is presented for your consideration. The budget presented requires a tax rate of$0.3500. The required public hearing to solicit input was held on September 2, 2008 as required by the City Charter. � '� I D � �� ORDINANCE NO. U� 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 LakeParks Fund.......................................................... 837,568 Water and Wastewater System Capital Projects ........ 308,066 4BFund ....................................................................... 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 overthe $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: � .�,u ORD. NO. 2 �..-�-- ,�- „�,�. �.�. :,, . ._._. ..�.�„� �,��,.������. ,� ATTEST: APPROVED AS TO FORM: ORD. NO. 3