HomeMy WebLinkAboutItem 01 - Operating BudgetITEM #
MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: SEPTEMBER 13, 2011
SUBJECT: FY 2012 OPERATING BUDGET ADOPTION
RECOMMENDATION:
Staff recommends Council consider an ordinance adopting the FY 2011 -2012 City of
Grapevine Annual Budget. The budget includes the programs discussed at the City
Council workshop held on August 22, 2011; the public hearing on September 6, 2011; and
contains fund expenditures in the following amounts:
General Fund
$53,253,516
Municipal Court Technology Fund
71,220
Convention & Visitors Bureau Fund
17,781,306
Stormwater Drainage Fund
1,819,471
Crime Control & Prevention District Fund
12,963,649
Lake Parks Special Revenue Fund
1,592,047
4B Economic Development Fund
7,944,146
Debt Service Fund
10,761,248
Utility Enterprise Fund
20,717,145
Lake Enterprise (Golf) Fund
3,197,528
General Permanent Capital Maintenance Fund
1,171,500
Permanent Street Maintenance Fund
1,400,000
Community Quality of Life Capital Project Fund
1,350,804
Convention & Visitors Bureau Capital Projects Fund
573,255
Capital Equipment Acquisitions
4,162,665
BACKGROUND INFORMATION:
The FY 2011 -2012 budget, as proposed, is presented for your consideration. The budget
presented requires a tax rate of $0.3480. The required public hearing to solicit input was
held on September 6, 2011 as required by the City Charter..
ORDINANCE NO.
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, 2011 AND ENDING SEPTEMBER
30, 2012; 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 2011 -2012 (FY 2012) 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 FY2011 -2012 budget for the
different funds of the City of Grapevine are hereby fixed as follows:
General Fund
$53,253,516'
Municipal Court Technology Fund
71,220 -
Convention & Visitors Bureau Fund
17,781,306
Stormwater Drainage Fund
1,819,471
Crime Control & Prevention District Fund
12,963,649
Lake Parks Special Revenue Fund
1,592,047
4B Economic Development Fund
7,944,146
Debt Service Fund
10,761,248
Utility Enterprise Fund
20,717,145
Lake Enterprise (Golf) Fund
3,197,528
General Permanent Capital Maintenance Fund
1,171,500
Permanent Street Maintenance Fund
1,400,000'
Community Quality of Life Capital Project Fund
1,350,804
Convention & Visitors Bureau Capital Projects Fund
573,255
Capital Equipment Acquisitions
4,162,665
Section 2. That the City Council hereby adopts the revised budget for the fiscal
year ending September 30, 2011 and the proposed Annual Operating Budget for the fiscal
year ending September 30, 2012 and appropriates the funds contained therein.
Section 3. That a copy of the official adopted FY2011 -2012 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 FY2011
and FY2012 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 FY2011 and FY2012.
Section 9. That the fact that the fiscal year begins on October 1, 2011 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 13th day of September, 2011.
APPROVED:
ORD. NO. 2
ATTEST:
APPROVED AS TO FORM:
ORD. NO. 3