HomeMy WebLinkAboutORD 2025-054 BudgetORDINANCE NO. 2025-054
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, 2025 AND ENDING
SEPTEMBER 30, 2026; 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 2025-2026 (FY 2026) 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; and
WHEREAS, all constitutional and statutory prerequisites for the approval of this
ordinance have been met, including but not limited to the Open Meetings Act; and
WHEREAS, the City Council deems the adoption of this ordinance is in the best
interests of the health, safety and welfare of the public.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS;
Section 1. That all matters stated herein above are found to be true and correct
and are incorporated herein by reference as if copied in their entirety.
Section 2. That the appropriation amounts for the FY2025-2026 budget for the
different funds of the City of Grapevine are hereby fixed as follows:
100 General Fund
405 Permanent Capital Maintenance Fund
500 Debt Service Fund
304 Stormwater Drainage Fund
305 Crime Control & Prevention District Fund
307 Lake Parks Special Revenue Fund
308 4-13 / Trinity Metro Fund
310 Economic Development Fund
312 Convention & Visitors Bureau Fund
313 Convention & Leisure Incentives Fund
314 Visitor Shuttle System Fund
$ 87,686,948
4,899,450
15,785,566
1,963,733
25,970,265
3,345,198
14,750,000
5,695,126
27,917,699
5,193,291
695,477
200 Utility Enterprise Fund 44,394,824
202 Lake Enterprise Fund 7,302,851
Section 3. That the City Council hereby adopts the revised budget for the fiscal
year ending September 30, 2025 and the proposed Annual Operating Budget for the fiscal
year ending September 30, 2026 and appropriates the funds contained therein.
Section 4. That a copy of the official adopted FY2025-2026 budget document
shall be kept on file in the office of the City Secretary and the City of Grapevine website.
Section 5. 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 6. 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.
Section 7. That the City Manager is authorized to reclassify personnel positions
within city service as warranted.
Section 8. 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
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 9. That the reserve requirement for the Lake Enterprise Fund is
suspended for FY2026.
Section 10. That the fact that the fiscal year begins on October 1, 2025 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 2nd day of September, 2025.
APPROVED:
William D. Tate
Mayor
Ordinance No. 2025-054 2
ATTEST:
Tara Brooks
City Secretary
APPROVED AS TO FORM:
-I t (Y)t",
-
Matthew C.G. Boyle
City Attorney
Ordinance No. 2025-054
6RAPF�'�
A��
i
,t
Cl