HomeMy WebLinkAboutItem 10 - Operating Budget
MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: SEPTEMBER 18, 2018
SUBJECT: FISCAL YEAR 2019 OPERATING BUDGET ADOPTION
RECOMMENDATION: City Council to consider an ordinance an ordinance adopting the
Fiscal Year 2018-2019 City of Grapevine Annual Operating
Budget.
FUNDING SOURCE:
BACKGROUND: T he FY 2018-2019 budget, as proposed, is presented for your
consideration.
The budget includes the programs discussed at the City Council
workshop held on July 23, 2018; the public hearing on August 21,
2018; and contains fund expenditures in the following amounts:
General Fund $67,724,922
Convention and Visitors Bureau Fund $22,256,698
Convention and Visitors Bureau Incentives Fund $5,286,581
Stormwater Drainage Fund $1,419,312
Crime Control and Prevention District Fund $17,688,130
Lake Parks Special Revenue Fund $2,755,632
4B Transit Fund $10,883,750
Economic Development Fund $3,761,250
Debt Service Fund $15,989,541
Utility Enterprise Fund $23,695,775
Golf Enterprise Fund $3,222,400
Capital/Street Maintenance Program Fund $3,279,000
The budget presented requires a tax rate of $0.289271. The
required public hearing to solicit input was held on August 21,
2018 as required by the City Charter.
Staff recommends approval.
GJ
ORDINANCE NO. 2018-069
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, 2018 AND ENDING
SEPTEMBER 30, 2019; 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 2018-2019 (FY 2019) 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; and
WHEREAS, all constitutional and statutory prerequisites for the approval of the
ordinance have been met, including but not limited to the Open Meetings Act; and
WHEREAS, the City Council deems the adoption of this ordinance is in the
best interests of the health, safety, and welfare of the public.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS:
Section 1. That all matters stated herein above are true and correct and are
incorporated herein by reference as if copied in their entirety.
Section 2. That the appropriation amounts for the FY2018-2019 budget for the
different funds of the City of Grapevine are hereby fixed as follows:
General Fund $67,724,922
Convention and Visitors Bureau Fund 22,256,698
Convention and Visitors Bureau Incentives Fund 5,286,581
Stormwater Drainage Fund 1,419,312
Crime Control and Prevention District Fund 17,688,130
Lake Parks Special Revenue Fund 2,755,632
4B Transit Fund 10,883,750
Economic Development Fund 3,761,250
Debt Service Fund 15,989,541
Utility Enterprise Fund 23,695,775
Golf Enterprise Fund 3,222,400
General Permanent Capital Maintenance Fund 1,541,000
Permanent Street Maintenance Fund 1,738,000
Section 3. That the City Council hereby adopts the revised budget for the fiscal
year ending September 30, 2018 and the proposed Annual Operating Budget for the fiscal
year ending September 30, 2019 and appropriates the funds contained therein.
Section 4. That a copy of the official adopted FY2018-2019 budget document
shall be kept on file in the office of the City Secretary and the City of Grapevine website.
Section 5. 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 6. 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 100-44701-120-001 in
FY2018 and FY2019 is approved.
Section 7. That the City Manager is authorized to reclassify personnel positions
within city service as warranted.
Section 8. That the City Manager, and/or Assistant City Manager and/or Chief
Financial Officer 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 and
Investment Strategy and allowed by the Texas Public Funds Investment Act.
Section 9. That the reserve requirement for the Golf Enterprise Fund is
suspended for FY2018 and FY2019.
Section 10. That the fact that the fiscal year begins on October 1, 2018 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 18th day of September, 2018.
APPROVED:
________________________________
William D. Tate
Mayor
Ordinance No. 2018-069 2
ATTEST:
_________________________________
Tara Brooks
City Secretary
APPROVED AS TO FORM:
_________________________________
City Attorney
Ordinance No. 2018-069 3