HomeMy WebLinkAboutORD 2026-064AN 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, 2026 AND ENDING
SEPTEMBER 30, 2027; 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 2026-2027 (FY 2027) 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 FY2026-2027 budget for the different
funds of the City of Grapevine are hereby fixed as follows:
General Fund
Permanent Capital Maintenance Fund
Debt Service Fund
Stormwater Drainage Fund
Crime Control & Prevention District Fund
Lake Parks Special Revenue Fund
4-13 / Trinity Metro Fund
Economic Development Fund
Convention & Visitors Bureau Fund
Convention & Leisure Incentives Fund
Utility Enterprise Fund
Lake Enterprise Fund
$ 93,898,860
5,216,900
15,811,686
2,513,760
28,723,056
3,467,010
15,900,000
6,542,195
30,377,583
5,783,229
46,614,551
7,554,277
Section 3. That the City Council hereby adopts the proposed Annual Operating
Budget for the fiscal year ending September 30, 2027 and appropriates the funds
contained therein.
Section 4. That a copy of the official adopted FY2026-2027 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 FY2027.
Section 10. That the fact that the fiscal year begins on October 1, 2026 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 1st day of September 2026.
APPR ED:
Mayor ®ems 7�,
Ordinance No. 2026-064 2
APPROVED AS TO FORM:
Matthew C.G. Boyle
City Attorney
Ordinance No. 2026-064