HomeMy WebLinkAboutORD 2002-066 , , ORDINANCE NO. 2002-66
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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, 2002 AND ENDING SEPTEMBER
30, 2003; 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 2002-2003 (FY 2003) 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 2002-2003 budget for the
� ° different funds of the City of Grapevine are hereby fixed as follows:
General Fund $38,396,414
Utility Fund 16,361,088
Debt Service Fund 11,809,510
Convention & Visitors Bureau Fund 5,371,177
Lake Enterprise Fund 2,368,429
General Government Capital Projects Fund 12,600,619
Permanent Street Maintenance Fund 860,000
Permanent Capital Maintenance Fund - General 170,900
Utility & Lake Enterprise Capital Projects Fund 4,917,048
Utility Permanent Capital Maintenance Fund 826,612
Stormwater Drainage Utility Fund 1,270,457
Section 2. That the City Council hereby adopts the revised budget for the fiscal
year ending September 30, 2002 and the proposed Annual Operating Budget for the fiscal
year ended September 30, 2003 and appropriates the funds contained therein.
Section 3. That a copy of the official adopted 2002-2003 budget document shall
��,,b 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 2002
and FY 2003 is approved.
Section 6. That the City Manager is authorized to reclassify 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 is suspended for FY 2002 and FY 2003.
Section 9. The fact that the fiscal year begins on October 1, 2002 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 10th day of September, 2002.
APPROVED:
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William D. Tate �
Mayor
ATTEST:
Linda Huff
City Secretary
ORD. NO. 2002-66 2
� APPROVED AS TO FORM:
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Matthew Boyle
City Attorney
P ORD. NO. 2002-66 3