HomeMy WebLinkAboutItem 2 - FY 2015 Operating BudgetMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER&L
SUBJECT: FY 2015 OPERATING BUDGET ADOPTION
RECOMMENDATION:
Staff recommends Council consider an ordinance adopting the FY 2014-2015 City of
Grapevine Annual Budget. The budget includes the programs discussed at the City
Council workshop held on August 14, 2014; the public hearing on September 2, 2014;
and contains fund expenditures in the following amounts:
General Fund
$59,983,842
Municipal Court Technology Fund
55,825
Convention and Visitors Bureau Fund
18,484,011
Convention and Visitors Bureau Incentives Fund
1,707,600
Stormwater Drainage Fund
1,839,147
Crime Control & Prevention District Fund
13,816,290
Lake Parks Special Revenue Fund
2,135,051
4B Transit Fund
13,296,999
Economic Development Fund
2,394,630
Debt Service Fund
16,020,932
Utility Enterprise Fund
23,616,280
Utility Permanent Capital Maintenance Fund
1,000,000
Lake Enterprise (Golf) Fund
3,360,547
General Permanent Capital Maintenance Fund
1,646,000
Permanent Street Maintenance Fund
1,633,000
Community Quality of Life Capital Projects
831,715
Streets, Traffic and Drainage Capital Projects
4,202,843
Buildings and Facilities Capital Projects
38,888,602
Parks and Beautification Capital Projects
2,029,964
Water and Wastewater Capital Projects
7,547,847
Capital Equipment Acquisitions
3,065,000
BACKGROUND INFORMATION:
The FY 2014-2015 budget, as proposed, is presented for your consideration. The
budget presented requires a tax rate of $0.332439. The required public hearing to solicit
input was held on September 2, 2014 as required by the City Charter.
August 22, 2014 (1:55PM)
*RDINANCE NO.
WHEREAS, a notice of public hearing on the budget for the City of Grapevine,
Texas for the Fiscal Year 2014-2015 (FY 2015) 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, •' ORDAINED BY THE CITY COUNCILOF OF
GRAPEVINE,
Section 1. That the appropriation amounts for the FY2014-2015 budget for the
different funds of the City of Grapevine are hereby fixed as follows:
General Fund
$59,983,842
Municipal Court Technology Fund
55,825
Convention and Visitors Bureau Fund
18,484,011
Convention and Visitors Bureau Incentives Fund
1,707,600
Stormwater Drainage Fund
1,839,147
Crime Control & Prevention District Fund
13,816,290
Lake Parks Special Revenue Fund
2,135, 051
4B Transit Fund
13,296,999
Economic Development Fund
2,394,630
Debt Service Fund
16,020,932
Utility Enterprise Fund
23,616,280
Utility Permanent Capital Maintenance Fund
1,000,000
Lake Enterprise (Golf) Fund
3,360,547
General Permanent Capital Maintenance Fund
1,646,000
Permanent Street Maintenance Fund
1,633,000
Community Quality of Life Capital Projects
831,715
Streets, Traffic and Drainage Capital Projects
4,202,843
Buildings and Facilities Capital Projects
38,888,602
Parks and Beautification Capital Projects
2,029,964
Water and Wastewater Capital Projects
7,547,847
Capital Equipment Acquisitions
3,065,000
Section 2. That the City Council hereby adopts the revised budget for the fiscal
year ending September 30, 2014 and the proposed Annual Operating Budget for the fiscal
year ending September 30, 2015 and appropriates the funds contained therein.
Section 3. That a copy of the official adopted FY2014-2015 budget document
shall be kept on file in the office of the City Secretary and the City of Grapevine website.
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 FY2014
and FY2015 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 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 8. That the reserve requirement for the Lake Enterprise Fund is
suspended for FY2014 and FY2015.
Section 9. That the fact that the fiscal year begins on October 1, 2014 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 10th day of September, 2014.
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ORD. NO. 2
ATTEST:
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