HomeMy WebLinkAboutORD 1986-057 ORDINANCE NO. 86_57
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AN ORDINANCE ADOPTING THE AMENDED BUDGET
FOR THE CITY OF GRAPEVINE, TEXAS, FOR
THE FISCAL YEAR BEGINNING OCTOBER 1,
1985 AND ENDING SEPTEMBER 30, 1986; AND
DECLARING AN EMERGENCY
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE,
TEXAS :
Section l . That the budget amendment presented by the City
Staff on September 16 , 1986 is hereby approved for the fiscal
year 1985-86 (see Exhibit "A" , attached hereto and made a part
hereof) .
Section 2 . The fact that the 1985-86 budget needed amend-
ments and revisions to safeguard the financial requirements and
abilities of the City requires that this ordinance be effective
upon its passage and adopted to preserve the public peace, pro-
perty, 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 16th day of September, 1986 .
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APPROVED:
Mayor
ATTEST:
City Secretary
APPROVED:
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City Attorney
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EXHIBIT "A" TO
ORDINANCE NO. 86-57
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MII�40 T0: HONORABLE MAYOR & A�F1+rti�FRS CITY COUNCIL
,
FROM: DE�INIS DAWSON, CITY MANAC�R.�;
;��.\r WILLIAM L. WHITE, DIREC'I'OR OF FINAI�T�E
- SUBJECT: ORDINANCE ADOPTING 1985-86 REVISID BUDGET
NIEErING DATE: S�'•�RER 16, 1986
. RECOI�'�IDATION: ADOPT 1985-86 REVISID BUD�G�r
BACKGROUND: In order for the revised 1985-86 Budget to became the official
� budget, it must be adopted by ordinance.
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A brief sturunary of the revised budget is as follows:
Rr,,VIIQLTES
1985-86 Revised Change
General Ftiind $10,026,699 $10,715,323 $688,624
Utility Fur.d 5,472,836 6,031,529 558,693
Golf Course F�ind 641,635 709,967 68,332
Convention & Visitors
Bureau 1,835,112 1,697,219 [137,893]
Debt Service Fund 1,931,682 1,931,682 -0-
EXPII�IDITCT�2ES
1985-86 Revised Change
General Ftand $ 9,517,933 $10,071,347 $553,414
Utility Fund 4,886,658 5,039,384 152,726
Golf Course F�.ind 553,817 522,637 [31,180]
�� Convention & Visitors -
Bureau 2,299,746 2,264,559 [35,187]
Debt Service F�and 1,931,758 1,929,908 [1,850]
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