HomeMy WebLinkAboutORD 1996-070 �'�' ORDINANCE NO. g6-70
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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 , 1996 AND ENDING
SEPTEMBER 30, 1997; 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 1996-97 (FY97) 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:
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Section 1 . That the appropriation amounts for the FY97 budget for the
different funds of the City of Grapevine are hereby fixed as follows:
General Fund 21 ,808,580
Utility Fund 10,175,106
Debt Service Fund 7,006,506
Convention & Visitors Bureau Fund 3,094,809
Lake Enterprise Fund 1 ,550,248
Insurance Fund 2,257,389
Fleet Services Fund 882,685
Internal Capital Leasing Fund 1 ,063,573
Heritage Foundation Fund 1 ,485,374
General Government Capital Projects Fund 15,632,190
Permanent Street Maintenance Fund 686,006
Permanent Capital Maintenance Fund - General 303,550
Utility & Lake Enterprise Capital Proj. Fund 7,201 ,500
,,�;�.�, Utility Permanent Capital Maint. Fund 713,360
Lake Enterprise Permanent Capital Maint. Fund 281 ,000
Section 2. That a copy of the official adopted 1996-97 budget document shall
be kept on file in the office of the City Secretary and the Grapevine Public Library.
Section 3. 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 and report all fund transfers
�� between departments over 55,000.00 to the City Council.
Section 4. That the City Manager is authorized to approve expenditures up to
$5,000.00. Any expenditures over the 55,000.00 limit require the approval of the
City Council.
Section 5. That the City Manager is authorized to reclassify positions within
city service as warranted by personnel and position classification studies.
Section 6. That the City Manager and/or Finance Director is authorized to
invest any funds not needed for current use, whether operating funds or bond funds
in the United States Treasury Bills, Certificates of Deposit, Savings Accounts, Time
Deposits, Open Accounts in Official City Depositories, or any other investment
instrument authorized in the Texas Public Funds Investment Act of 1987.
Section 7. The fact that the fiscal year begins on October 1 , 1996 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
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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 10th day of Se�tember , 1996.
APPROVED:
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William D. Tate
Mayor
ATTEST:
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,��� Linda Huff
City Secretary
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ORD. NO. 96-70 2
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APPROVED AS TO FORM:
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John F. Boyle, Jr.
City Attorney
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