HomeMy WebLinkAboutORD 2015-050ORDINANCE NO. 2015-050
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, 2015 AND ENDING SEPTEMBER
30, 2016; 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 2015-2016 (FY 2016) 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 FY2015-2016 budget for the
different funds of the City of Grapevine are hereby fixed as follows:
Section 2. That the City Council hereby adopts the revised budget for the fiscal
t year ending September 30, 2015 and the proposed Annual Operating Budget for the fiscal
year ending September 30, 2016 and appropriates the funds contained therein.
Section 3. That a copy of the official adopted FY2015-2016 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 FY2015
and FY2016 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 Chief
Financial Officer 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
i 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 Golf Enterprise Fund is
suspended for FY2015 and FY2016.
Section 9. That the fact that the fiscal year begins on October 1, 2015 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 15th day of September, 2015.
Willia D. Tate
Mayor
ORD. NO. 2015-050 2
ATTEST:
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Tara Brooks
City Secretary
John F Boyle, Jr.
City Attorney
ORD. NO. 2015-050