HomeMy WebLinkAboutORD 2001-065 ORDINANCE NO. 2001-65
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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, 2001 AND ENDING SEPTEMBER
30, 2002; 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 2001-2002 (FY 2002) 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;
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Section 1. That the appropriation amounts for the FY 2001-2002 budget for the
different funds of the City of Grapevine are hereby fixed as follows:
General Fund $37,419,921
Utility Fund 16,828,032
Debt Service Fund 11,687,815
Convention & Visitors Bureau Fund 5,600,880
Lake Enterprise Fund 2,628,109
General Government Capital Projects Fund 13,938,120
Permanent Street Maintenance Fund 890,000
Permanent Capital Maintenance Fund - General 231,900
Utility & Lake Enterprise Capital Projects Fund 8,366,608
Utility Permanent Capital Maintenance Fund 1,000,000
Stormwater Drainage Utility Fund 1,213,986
Section 2. That the City Council hereby adopts the revised budget for the fiscal
year ending September 30, 2001, including funding for the following programs and items
��F� to be funded with FY 2001 funds and encumbering the balance of funds not expended for
said programs and items in the following amounts: Botanical Gardens Phase III $119,000;
Traffic Signal Maintenance $120,000; various materials for the library $25,000; Main and
Northwest Highway beautification $50,000; and floor hoists $50,000; and the proposed
Annual Operating Budget for the fiscal year ended September 30, 2002 and appropriates
the funds contained therein.
Section 3. That a copy of the official adopted 2001-2002 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 FY 2001
and FY 2002 is approved.
Section 6. That the City Manager is authorized to rectassify 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
.T, ,� Policy and Investment Strategy and allowed by the Texas Public Funds Investment Act.
Section 8. That a new and separate bank account, to be called the Grapevine CVB-
Tarantula Train account, shall be established at the City depository for the purpose of
Tarantula Train operations. The account shall be signed by the Convention and Visitors
Bureau Director, or the Convention and Visitors Bureau Budget and Bureau Administration
Manager, and a member of the Convention and Visitors Bureau Board of Directors and
such other persons as may be approved by the City Manager. Those persons with
authority to sign checks on the Tarantula Train account shall be responsible for the proper
maintenance of all records, financial reports and ledgers and, filing of all required GAAP,
local, state and federal reports for the account's activity. Documentation for checks issued
on said account shall comply with normal City of Grapevine requirements for payment for
goods and services.
Section 9. The fact that the fiscal year begins on October 1, 2001 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.
°� ° F'ASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 11th day of September, 2001.
ORD. NO. 2001-65 2
APPROVED:
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William D. Tate i
Mayor
ATTEST:
Linda uff
Secretary
APPROVED AS TO FORM:
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John F. Boyle, Jr.
��..� City Attorney
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ORD. N0. 2001-65 3