HomeMy WebLinkAboutItem 02 - FY10 Operating Budget ITEM
MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER 131Z-
MEETING DATE: SEPTEMBER 8, 2009
SUBJECT: FY 2010 OPERATING BUDGET ADOPTION
RECOMMENDATION:
Staff recommends Council consider an ordinance adopting the FY 2009-2010 City of
Grapevine Annual Budget. The budget includes the programs discussed at the City
Council workshop held on August 11, 2009 and the public hearing on September 1, 2009
and, contains fund expenditures in the following amounts:
General Fund $51,159,144
Utility Enterprise Fund 20,671,420
Debt Service Fund 13,660,688
Convention & Visitors Bureau Fund 18,131,599
Lake Enterprise Fund 3,184,039
Streets & Drainage Capital Projects 7,449,104
Permanent Street Maintenance Fund 1,530,000
General Permanent Capital Maintenance Fund 825,000
Utility Permanent Capital Maintenance Fund 750,000
Stormwater Drainage Fund 1,637,421
Lake Parks Fund 1,186,312
Water and Wastewater System Capital Projects 4,965,881
4B Fund 8,224,857
Crime Control & Prevention District Fund 12,486,361
Community Quality of Life Fund 1,400,000
Buildings & Facilities Capital Projects 5,587,000
Traffic Improvements Capital Projects 1,727,448
Capital Equipment Acquisitions 1,914,669
BACKGROUND INFORMATION:
The FY 2009-2010 budget, as proposed, is presented for your consideration. The budget
presented requires a tax rate of$0.3500. The required public hearing to solicit input was
held on September 1, 2009 as required by the City Charter.
August 28, 2009 5:07:02 PM
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, 2009 AND ENDING SEPTEMBER
30, 2010; PROVIDING FOR INTRA- AND INTER-
DEPARTMENTAL 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 2009-2010 (FY 2010) 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.
NO �T EREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF GRAP E, TEXAS;
Section 1. That the appropriation amounts for the FY2009-2010 budget for the
different funds of the City of Grapevine are hereby fixed as follows:
General Fund $51,159,144
Utility Enterprise Fund 20,671,420
Debt Service Fund 13,660,688
Convention & Visitors Bureau Fund 18,131,599
Lake Enterprise Fund 3,184,039
Streets & Drainage Capital Projects 7,449,104
Permanent Street Maintenance Fund 1,530,000
General Permanent Capital Maintenance Fund 825,000
Utility Permanent Capital Maintenance Fund 750,000
Stormwater Drainage Fund 1,637,421
Lake Parks Fund 1,186,312
Water and Wastewater System Capital Projects 4,965,881
4B Fund 8,224,857
Crime Control & Prevention District Fund 12,486,361
Community Quality of Life Fund 1,400,000
Buildings & Facilities Capital Projects 5,587,000
Traffic Improvements Capital Projects 1,727,448
Capital Equipment Acquisitions 1,914,669
Section 2. That the City Council hereby adopts the revised budget for the fiscal
year ending September 30, 2009 and the proposed Annual Operating Budget for the
fiscal year ending September 30, 2010 and appropriates the funds contained therein.
Section 3. That a copy of the official adopted FY2009-2010 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 FY2009 and FY2010 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 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 FY2009 and FY2010.
Section 9. That the fact that the fiscal year begins on October 1, 2009 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 8th day of September, 2009.
APPROVED:
ORD. NO. 2
ATTEST:
APPROVED AS TO FORM:
ORD. NO. 3