HomeMy WebLinkAboutItem 01 - FY 2006-2007 BudgetMEMO TO:
FROM:
MEETING DATE:
SUBJECT:
RECOMMENDATION:
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BRUNO RUMBELOW, CITY MANAGER
SEPTEMBER 12, 2006
FY 2006-2007 BUDGET ORDINANCE
Staff recommends Council consider an ordinance adopting the FY 2006-2007 City of
Grapevine Annual Budget. The budget includes the programs discussed at the City
Council workshop held on August 14, 2006 and the public hearing on September 5, 2006;
and, contains fund expenditures in the following amounts:
General Fund
$45,692,744
Utility Enterprise Fund
19,438,244
Debt Service Fund
12,616,173
Convention & Visitors Bureau Fund
10,094,070
Lake Enterprise Fund
2,960,217
General Government Capital Projects Fund
11,100,270
Permanent Street Maintenance Fund
1,170,000
General Permanent Capital Maintenance Fund
629,175
Utility Permanent Capital Maintenance Fund
1,729,281
Stormwater Drainage Fund
1,854,884
Lake Parks Fund
645,147
Water and Wastewater Capital Projects Fund
6,225,402
The FY 2006-2007 budget, as proposed, is presented for your consideration. The budget
presented requires a tax rate of $0.3625. The required public hearing to solicit input was
held on September 5, 2006 as required by the City Charter.
WAG/slt
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, 2006 AND ENDING SEPTEMBER
30, 2007; 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 2006-2007 (FY 2007) 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 FY 2006-2007 budget for the
different funds of the City of Grapevine are hereby fixed as follows:
General Fund
Utility Enterprise Fund
Debt Service Fund
Convention & Visitors Bureau Fund
Lake Enterprise Fund
General Government Capital Projects Fund
Permanent Street Maintenance Fund
General Permanent Capital Maintenance Fund
Utility Permanent Capital Maintenance Fund
Stormwater Drainage Fund
Lake Parks Fund
Water and Wastewater Capital Projects Fund
$45,692,744
19,438,244
12,616,173
10,094,070
2,960,217
11,100,270
1,170,000
629,175
1,729,281
1,854,884
645,147
6,225,402
Section 2. That the City Council hereby adopts the revised budget for the fiscal
year ending September 30, 2006 and the proposed Annual Operating Budget for the fiscal
year ended September 30, 2007 and appropriates the funds contained therein.
Section 3. That a copy of the official adopted 2006-2007 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 FY 2006
and FY 2007 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 is 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 General Fund and Lake
Enterprise Fund are suspended for FY 2006 and FY 2007.
Section 9. The fact that the fiscal year begins on October 1, 2006 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 emergency is hereby declared.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 12th day of September, 2006.
UNKS 9
ATTEST:
ORD. NO. 2
APPROVED AS TO FORM:
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