HomeMy WebLinkAboutORD 2010-047 ORDINANCE NO. 2010-47
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, 2010 AND ENDING SEPTEMBER
30, 2011; PROVIDING FOR INTRA- AND INTER-
DEPARTMENTAL 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 2010-2011 (FY 2011) 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 FY2010-2011 budget for the
different funds of the City of Grapevine are hereby fixed as follows:
General Fund $49,308,083
Utility Enterprise Fund 20,187,441
Debt Service Fund 12,049,638
Convention & Visitors Bureau Fund 16,669,750
Lake Enterprise Fund 3,150,072
Streets & Drainage Capital Projects 2,310,598
Permanent Street Maintenance Fund 1,356,000
General Permanent Capital Maintenance Fund 987,160
Utility Permanent Capital Maintenance Fund 750,000
Stormwater Drainage Fund 2,067,869
Lake Parks Fund 1,515,363
Water and Wastewater System Capital Projects 3,762,844
4B Fund 7,761,301
Crime Control & Prevention District Fund 12,237,027
Buildings & Facilities Capital Projects 7,592,480
Traffic Improvements Capital Projects 1,397,820
Capital Equipment Acquisitions 2,117,457
Section 2. That the City Council hereby adopts the revised budget for the fiscal
year ending September 30, 2010 and the proposed Annual Operating Budget for the fiscal
year ending September 30, 2011 and appropriates the funds contained therein.
Section 3. That a copy of the official adopted FY2010-2011 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 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 FY2010
and FY2011 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 FY2010 and FY2011.
Section 9. That the fact that the fiscal year begins on October 1, 2010 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 14th day of September, 2010.
APPROVED:
cj____
W Iliam D. Tate
Mayor
ORD. NO. 2010-47 2
ATTEST:
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Linda Huff
City Secretary
APPROVED AS TO FORM:
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Douglas H. Conner, Ill
Assistant City Attorney
ORD. NO. 2010-47 3