HomeMy WebLinkAboutItem 08 - FY2020 BudgetMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: SEPTEMBER 17, 2019
SUBJECT: ADOPTION OF FISCAL YEAR 2019-2020 OPERATING
BUDGET
RECOMMENDATION: City Council to consider an ordinance adopting the Fiscal year
2019-2020 City of Grapevine Annual Operating Budget.
FUNDING SOURCE:
BACKGROUND: The FY 2019-2020 budget, as proposed, is presented for your
consideration.
The budget includes the programs discussed at the City Council
budget workshop held on August 8 and the public hearing on
September 3.
The budget contains fund expenditures in the following amounts:
General Fund
Convention and Visitors Bureau Fund
Convention and Visitors Bureau Incentives Fund
Stormwater Drainage Fund
Crime Control and Prevention District Fund
Lake Parks Special Revenue Fund
4B Transit Fund
Economic Development Fund
Debt Service Fund
Utility Enterprise Fund
Golf Enterprise Fund
Capital/Street Maintenance Program Fund
$ 71,054,689
22,556,423
4,996,210
1,403,131
18,428,614
2,921,340
11,106,218
4,527,073
15,705,883
23,948,788
3,198,262
3,279,000
The budget presented requires a tax rate of $0.284271. The required
public hearings to solicit input were held on August 20 and September
3 as required by the City Charter.
Staff recommends approval.
GJ/gwl
ORDINANCE NO. 2019-056
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, 2019 AND ENDING
SEPTEMBER 30, 2020; 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 2019-2020 (FY 2020) 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 this
ordinance have been met, including but not limited to the Open Meetings Act and Chapter
211 of the Local Government Code; and
WHEREAS, the City Council deems the adoption of this ordinance to be 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 hereinabove are found to be true and correct
and are incorporated herein by reference as if copied in their entirety.
Section 2. That the appropriation amounts for the FY2019-2020 budget for the
different funds of the City of Grapevine are hereby fixed as follows:
General Fund
$71,054,689
Convention and Visitors Bureau Fund
22,556,423
Convention and Visitors Bureau Incentives Fund
4,996,210
Stormwater Drainage Fund
1,403,131
Crime Control & Prevention District Fund
18,428,614
Lake Parks Special Revenue Fund
2,921,340
4B Transit Fund
11,106,218
Economic Development Fund
4,527,073
Debt Service Fund
15,705,883
Utility Enterprise Fund
23,948,788
Golf Enterprise Fund 3,198,262
General Permanent Capital Maintenance Fund 1,554,000
Permanent Street Maintenance Fund 1,725,000
Section 3. That the City Council hereby adopts the revised budget for the fiscal
year ending September 30, 2019 and the proposed Annual Operating Budget for the fiscal
year ending September 30, 2020 and appropriates the funds contained therein.
Section 4. That a copy of the official adopted FY2019-2020 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 FY2019 and FY2020 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 FY2019 and FY2020.
Section 10. That the fact that the fiscal year begins on October 1, 2019 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 17th day of September, 2019.
APPROVED:
William D. Tate
Mayor
Ordinance No. 2019-056 2
ATTEST:
Tara Brooks
City Secretary
APPROVED AS TO FORM:
City Attorney
Ordinance No. 2019-056