HomeMy WebLinkAboutORD 1995-071 ���� 3.
ORDINANCE NO. 95-7�
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AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS ADOPTING THE BUDGET FOR THE
CITY OF GRAPEV�NE, TEXAS FOR THE FISCAL YEAR
BEGINNING OCTOBER 1 , 1995 AND ENDING
SEPTEMBER 30, 1996; PROVIDING FOR INTRA- AND
INTER-DEPARTMENTAL FUND TRANSFER; 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 1995-96 (FY96) 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 FY96 budget for the
different funds of the City of Grapevine are hereby fixed as follows:
General Fund 19,927,017
Utility Fund 8,900,214
Debt Service Fund 6,670,044
Convention & Visitors Bureau Fund 3,107,256
Lake Enterprise Fund 1 ,472,990
Insurance Fund 2,� ��,882
Fleet Services Fund 723,203
Internal Capital Leasing Fund 763,883
Heritage Foundation Fund 958,504
General Government Capital Projects Fund 22,486,641
Permanent Street Maintenance Fund 881 ,952
Permanent Capital Maintenance Fund - General 342,165
Utility & Lake Enterprise Capital Proj. Fund 4,525,300
.� Utility Permanent Capital Maint. Fund 545,060
Lake Enterprise Permanent Capital Maint. Fund 265,500
�--� Section 2. That a copy of the official adopted 1995-96 budget document shall
be kept on file in the office of the City Secretary and the Grapevine Public Library.
Section 3. 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 and report all fund transfers
between departments over 55,000.00 to the City Council.
Section 4. That the City Manager is authorized to approve expenditures up to
$5,000.00. Any expenditures over the 55,000.00 limit require the approval of the
City Council.
Section 5. That the City Manager is authorized to reclassify positions within
city service as warranted by personnel and position classification studies.
Section 6. That the City Manager and/or Finance Director is authorized to
invest any funds not needed for current use, whether operating funds or bond funds
in the United States Treasury Bi�ls, Certificates of Deposit, Savings Accounts, Time
Deposits, Open Accounts in Official City Depositories, or any other investment
instrument authorized in the Texas Public Funds Investment Act of 1987.
Section 7. The fact that the fiscal year begins on October 1 , 1995 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 12th day of September , 1995.
APPROVED:
William D. Tat�
Mayor
ATTEST:
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� Lind Huff
City Secretary
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ORD. N0. 95-71 2
APPROVED AS TO FORM:
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L wry .=.
Assistan i�ty Attorney
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ORD. N0. 95-71 3