HomeMy WebLinkAboutItem 01 - BudgetITEM mwmwI�
MEMO TO: HONORABLE MAYOR AND MEMBERS OF E CITY COUNCIL
FROM: ROGER NELSON, CITY MANAGE
MEETING DATE:
SUBJECT:
RECOMMENDATION:
SEPTEMBER 11, 2001
FY 2001-2002 BUDGET ORDINANCE
Staff recommends Council consider an ordinance adopting the FY 2001-2002 City of
Grapevine Annual Budget. The budget, as amended to include the increased service
levels from the City Council workshop held on August 22, 2001 and the public hearing on
September 4, 2001, contains fund expenditures in the following amounts:
General Fund
Utility Fund
Debt Service Fund
Convention & Visitors Bureau Fund
Lake Enterprise Fund
General Government Capital Projects Fund
Permanent Street Maintenance Fund
Permanent Capital Maintenance Fund - General
Utility & Lake Enterprise Capital Projects Fund
Utility Permanent Capital Maintenance Fund
Stormwater Drainage Utility Fund
BACKGROUND INFORMATION:
$37,419.921
16,828,032
11,687,815
5,600,880
2,628,109
13,938,120
890,000
231,900
8,366,608
1,000,000
1,213,986
The FY 2001-2002 budget, as proposed, is presented for your consideration. The budget
presented requires a tax rate of $0.366. The required public hearing to solicit input was
held on September 4, 2001 as required by the City Charter.
WAG/cjc
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August 15, 2001 4:54PM
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, 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;
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
Utility Fund
Debt Service Fund
Convention & Visitors Bureau Fund
Lake Enterprise Fund
General Government Capital Projects Fund
Permanent Street Maintenance Fund
Permanent Capital Maintenance Fund - General
Utility & Lake Enterprise Capital Projects Fund
Utility Permanent Capital Maintenance Fund
Stormwater Drainage Utility Fund
$37,419,921
16,828,032
11,687,815
5,600,880
2,628,109
13,938,120
890,000
231,900
8,366,608
1,000,000
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
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 111$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 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 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.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 11" day of September, 2001.
William D. Tate
Mayor
ATTEST:
Linda Huff
Secretary
John F. Boyle, Jr.
City Attorney
RBUDORD2001