HomeMy WebLinkAboutORD 1998-107 ORDINANCE NO. 98-107
�a � 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, 1998 AND ENDING
SEPTEMBER 30, 1999; 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 1998-99 (FY99) 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 FY99 budget for the different
funds of the City of Grapevine are hereby fixed as follows:
General Fund $30,188,489
Utility Fund 12,670,354
Debt Service Fund 7,204,808
Convention & Visitors Bureau Fund 3,392,223
Lake Enterprise Fund 2,191,934
Insurance Fund 2,501,351
Fleet Services Fund 816,225
Internal Capital Leasing Fund 3,042,436
General Government Capital Projects Fund 8,988,097
Permanent Street Maintenance Fund 869,500
Permanent Capital Maintenance Fund - General 616,845
Utility & Lake Enterprise Capital Projects Fund 14,321,727
Utility Permanent Capital Maintenance Fund 500,000
Lake Enterprise Permanent Capital Maintenance Fund 85,000
Stormwater Drainage Utility Fund 532,051
� Section 2. That the City Council hereby adopts the revised budget for the fiscal
year ending September 30, 1998, as stated in the proposed Annual Operating Budget for
the fiscal year ended September 30, 1999 and appropriates the funds contained therein.
Section 3. That a copy of the official adopted 1998-99 budget document shall be
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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
$15,000.00. Any expenditure over the $15,000.00 limit requires the approval of the City
Council. Each expenditure authorized by the City Manager in Account 100-44701-120-1
in FY 1998 are approved.
Section 6. That the City Manager is authorized to reclassify positions within city
service as warranted by personnel and position classification studies.
Section 7. That the City Manager, and/or Assistant City Manager and/or Director
of Administrative Services and/or Finance Manager is authorized to invest any funds not
needed for current use, whether operating funds or bond funds in the United States
Treasury Bills, Certificates of Deposit, Savings Accounts, Time Deposits, Open Accounts
in Official City Depositories, or any other investment instrument authorized by the City's
r � Investment Policy and Investment Strategy and allowed by the Texas Public Funds
Investment Act of 1987.
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Section 8. The fact that the fiscal year begins on October 1, 1998 requires that
this ordinance be effective upon its passage and adopted to preserve the public peace,
properly, 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 8th day of September, 1998.
APPROVED:
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William D. Tate
Mayor
ORD. NO. 98-107 2
ATTEST:
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Linda Huff
City Secretary
APPROVED AS TO FORM:
John F. Boyle, Jr. �
City Attorney
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ORD. NO. 98-107 3