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ORDINANCE NO. 9s-3� <br /> l <br /> ; <br /> � AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF <br /> GRAPEVINE AMENDING ORDINANCE NO. 98-19 RELATIVE <br /> TO THE FISCAL YEAR 1997-98 BUDGET BY AMENDING <br /> SECTION 1; DECLARING AN EMERGENCY AND <br /> PROVIDING AN EFFECTIVE DATE <br /> WHEREAS, the Fiscal Year 1997 Sales Tax Revenues exceeded budgeted FY-97 <br /> Sales Tax Revenues by $1,000,000.00, resulting in an unbudgeted beginning FY-98 <br /> General Fund Balance increase of$1,000,000.00, and Sales Tax Revenues projected for <br /> Fiscal Year 1998 are expected to exceed FY-98 budgeted Sales Tax Revenues by <br /> $300,800.00; and <br /> WHEREAS, the Fiscal Year 1997 Hotel/Motel Occupancy Tax Revenues exceeded <br /> budget FY-97 Hotel/Motel Occupancy Tax Revenues by $75,800.00, resulting in an <br /> unbudgeted beginning FY-98 Convention & Visitors Bureau Fund Balance increase of <br /> $75,800.00; and <br /> � - WHEREAS, the Fiscal Year 1997 Utility Fund Revenues exceeded budgeted FY-97 <br /> ; Utility Fund Revenues by $34,700.00, resulting in an unbudgeted beginning FY-98 Utility <br /> � Fund Balance increase of$34,700.00; and <br /> WHEREAS, the Fiscal Year 1997 Lake Enterprise Fund Revenues exceeded <br /> budgeted FY-97 Lake Enterprise Fund Revenues by$7,000.00, resulting in an unbudgeted <br /> beginning FY-98 Lake Enterprise Fund Balance increase of$7,000.00; and <br /> WHEREAS, $1,518,300.00 is needed for additional costs associated with projects <br /> identified as Unfunded Needs for Fiscal Year 1998 a list of which is attached hereto as <br /> Exhibit A; and <br /> WHEREAS, it is necessary to appropriate $1,518,300.00 for completion of said <br /> Unfunded Needs Projects. <br /> NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF <br /> GRAPEVINE, TEXAS: <br /> Section 1. That all the above premises are true and correct and are hereby <br /> incorporated into this Ordinance as if copied in their entirety. <br /> ��,.� <br />