HomeMy WebLinkAboutItem 01 - FY 2003-2004 Budget Ordinance ITEM 0 1 --
MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: ROGER NELSON, CITY MANAGER
MEETING DATE: SEPTEMBER 9, 2003
SUBJECT: FY 2003-2004 BUDGET ORDINANCE
RECOMMENDATION:
Staff recommends Council consider an ordinance adopting the FY 2003-2004 City of
Grapevine Annual Budget. The budget includes the programs discussed at the City
Council workshop held on August 18, 2003 and the public hearing on September 2, 2003,
and contains fund expenditures in the following amounts:
General Fund $39,700,463
Utility Fund 16,956,777
Debt Service Fund 12,188,186
Convention & Visitors Bureau Fund 6,149,894
Lake Enterprise Fund 2,539,746
General Government Capital Projects Fund 14,133,370
Permanent Street Maintenance Fund 860,000
Permanent Capital Maintenance Fund - General 170,900
Utility & Lake Enterprise Capital Projects Fund 2,796,624
Utility Permanent Capital Maintenance Fund 500,000
Stormwater Drainage Utility Fund 1,293,666
BACKGROUND INFORMATION:
The FY 2003-2004 budget, as proposed, is presented for your consideration. The budget
presented requires a tax rate of $0.3660. The required public hearing to solicit input was
held on September 2, 2003 as required by the City Charter.
WAG/cjc
H:budget2003.agm
August 20, 2003 8:51 AM
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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, 2003 AND ENDING SEPTEMBER
30, 2004; 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 2003-2004 (FY 2004) 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 2003-2004 budget for the
different funds of the City of Grapevine are hereby fixed as follows:
General Fund $39,700,463
Utility Fund 16,956,777
Debt Service Fund 12,188,186
Convention &Visitors Bureau Fund 6,149,894
Lake Enterprise Fund 2,539,746
General Government Capital Projects Fund 14,133,370
Permanent Street Maintenance Fund 860,000
Permanent Capital Maintenance Fund - General 170,900
Utility & Lake Enterprise Capital Projects Fund 2,796,624
Utility Permanent Capital Maintenance Fund 500,000
Stormwater Drainage Utility Fund 1,293,666
Section 2. That the City Council hereby adopts the revised budget for the fiscal
year ending September 30, 2003 and the proposed Annual Operating Budget for the fiscal
year ended September 30, 2004 and appropriates the funds contained therein.
Section 3. That a copy of the official adopted 2003-2004 budget document shall be
kept on file in the office of the City Secretary and the Grapevine Public Library.
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Section 4. That the City Manager be and is hereby authorized to make intra- andNo)
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 9 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 2003
and FY 2004 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 Convention and Visitors Bureau
Fund and Lake Enterprise funds are suspended for FY 2003 and FY 2004.
Section 9. That the excess of revenues over expenditures for the Lake Park Project
Programs with the Army Corps of Engineers will be carried forward with an appropriation,
herein, from FY 2003 to FY 2004.
Section 10. The fact that the fiscal year begins on October 1, 2003 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 9th day of September, 2003.
APPROVED:
ORD NO. 2