HomeMy WebLinkAboutORD 1997-099 �.�� ORDINANCE N0. 97-99
��� 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, 1997 AND ENDING SEPTEMBER
30, 1998; 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 1997-98 (FY98)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 FY98 budget for the different
funds of the City of Grapevine are hereby fixed as follows:
GeneralFund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $27,222,454
Utility Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,643,893
Debt Service Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,285,342
Convention &Visitors Bureau Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,451,802
Lake Enterprise Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,549,773
Insurance Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,360,175
Fleet Services Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 635,122
Internal Capital Leasing Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,351,539
General Government Capital Projects Fund . . . . . . . . . . . . . . . . . . . 10,348,593
Permanent Street Maintenance Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . 682,171
Permanent Capital Maintenance Fund - General . . . . . . . . . . . . . . . . . . 716,159
Utility & Lake Enterprise Capital Projects Fund . . . . . . . . . . . . . . . . . . 7,207,032
Utility Permanent Capital Maintenance Fund . . . . . . . . . . . . . . . . . . . . . 602,600
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Lake Enterprise Permanent Capital Maintenance Fund . . . . . . . . . . . . . . 81,000
�� Section 2. That the City Council hereby adopts the revised budget for the fiscal
year ending September 30, 1997, as stated in the proposed Annual Operating Budget for
the fiscal year ended September 30, 1998 and appropriates the funds contained therein.
Section 3. That a copy of the official adopted 1997-98 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
$15,000.00. Any expenditure over the $15,000.00 limit requires the approval of the City
Council. Each expenditure authorized by the City Manager in Account 1 00-44701-1 20-1
in FY1997 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 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 Investment Policy and Investment
� Strategy and allowed by the Texas Public Funds Investment Act of 1987.
Section 8. The fact that the fiscal year begins on October 1, 1997 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 9th day of September , 1997.
APPROVED:
William D. Tate
�"' Mayor
� ORD NO. 97-99 2
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ATTEST:
�E �. .
,
Li Huff
City Secretary
APPROVED AS TO FORM:
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"C.�- �
St r
City Attor f""
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� ORD N0. 9�-99 3