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HomeMy WebLinkAbout2083 08-25-2015 ORDINANCE NO. 2083 AN ORDINANCE ADOPTING THE OFFICIAL OPERATING AND CAPITAL BUDGET FOR THE CITY OF EULESS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2015, AND ENDING SEPTEMBER 30, 2016; AMENDING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2014, AND ENDING SEPTEMBER 30, 2015; PROVIDING FOR THE INVESTMENT OF FUNDS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Manager's recommended budget for the fiscal year beginning October 1, 2015, and ending September 30, 2016, was posted on the city's website and filed in the office of the City Secretary of the City of Euless on July 28, 2015, and has been available to the citizens and the public for their inspection since that date; and WHEREAS, the FY2015-2016 proposed Budget, on file in the office of the City Secretary as Exhibit A and incorporated herein for all purposes, specifically sets forth each of the various funds for which appropriations are delineated, and the estimated amount of money carried in the Budget for each of such funds; and WHEREAS, the FY2015-2016 proposed Budget includes, by reference, certain elements of the Capital Improvements Program, on file in the office of the City Secretary as Exhibit B, which details planned capital improvement projects of the city that have been identified to date and contains a statement proposing capital expenditures deemed necessary for undertaking during the next budget year and recommended provisions for financing and a list of capital projects which should be undertaken within the five (5) next succeeding years; and WHEREAS, on August 25, 2015, the Euless City Council held a public hearing on the proposed Budget at which time all citizens and interested persons were given an opportunity to be heard regarding the Budget; and WHEREAS, notice of such public hearing on the Budget was duly published in accordance with law and at the conclusion of such hearing, it was determined that such Budget should be adopted; and WHEREAS, the City Council deems it to be in the best interest of the citizens to amend the FY2014-2015 budget due to unforeseen circumstances. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EULESS, TEXAS, THAT: SECTION 1. The official Budget for the City of Euless for the fiscal year beginning October 1, 2015, and ending September 30, 2016, on file in the office of the City Secretary as Exhibit A, is hereby adopted and there is hereby appropriated from the funds indicated therein such sums for the projects, operations, activities, purchases, and other expenditures proposed in the Budget. The Euless City Secretary is directed to keep and maintain a copy of such official Budget on file in the office of the City Secretary available for inspection by citizens and the general public. A copy of the Budget shall be posted on the official website for the City of Euless. In addition, the City Manager shall file or cause to be filed a true and correct copy of this ordinance, along with the approved Budget, and any amendments thereto, in the office of the County Clerk of Tarrant County, Texas, as required by State law. SECTION 2. The City Council hereby approves as a part of the Budget the FY2015-2016 Capital Improvements Program, on file in the office of the City Secretary as Exhibit B. which details planned capital improvement projects of the City that have been identified to date. This document meets the requirements of the City Charter, Article VII, Section 2 (5) which requires "A statement proposing any capital expenditures deemed necessary for undertaking during the next budget year and recommended provisions for financing" and Section 2 (6) which requires, "A list of capital projects which should be undertaken within the five (5) next succeeding years." The Euless City Secretary is directed to keep and maintain a copy of such Capital Improvement Program on file in the office of the City Secretary available for inspection by citizens and the general public. A copy of the Capital Improvement Program shall be posted on the official website for the City of Euless. SECTION 3. The FY 2014-2015 official Budget for the City of Euless is amended to provide an additional $550,839 to rebate certain contractual agreements, $6,869,836 for bond issuances and refundings, $912,000 in grant proceeds, $80,011 in interfund transfers and interest income allocations, and a reduction of $288,198 for certain projects. The revised figures, prepared and submitted by the City Manager for the 2014-2015 budget are hereby approved and appropriated, and any necessary transfers between accounts and departments are hereby authorized, approved and appropriated. SECTION 4. All funds appropriated and allocated shall be expended and used pursuant to the provisions of such official Budget and the City Manager is directed to appropriate and expend City funds according to City Charter provisions. Ordinance No. 2083, Page 2 of 5 SECTION 5. The sums below are hereby appropriated from the respective operating funds for the payment of expenditures on behalf of the city government as established in the approved Budget document: FY2015 FY2016 Amended Budgeted FUND Expenditures Expenditures General Fund $ 38,848,423 $ 39,760,267 Hotel/Motel Fund $ 450,721 Juvenile Case Fund $ 86,010 Half Cent Sales Tax Fund (EDC) $ 5,650,489 Crime Control & Prevention District Fund (CCPD) $ 2,491 ,461 Police Seized Assets Fund $ 235,092 Police Drug Fund (DEA) $ 201,000 Public Safety Special Revenue Funds $ 145,117 Car Rental Tax Fund $ 17,242,347 $ 16,750,408 Glade Parks Tax Increment Reinvestment Zone $ 564,359 Glade Parks Public Improvement District $ 49,635 Cable PEG Fund $ 120,000 General Obligation Debt Service Fund $ 9,899,951 $ 4,328,718 Star Center Debt Service Fund $ 709,805 Half Cent Debt Service Fund (EDC) $ 169,376 Water & Wastewater Fund $ 22,714,996 Service Center Fund $ 1,283,352 Water & Wastewater Debt Service Fund $ 817,909 Drainage Utility Fund $ 776,150 Special Recreation Classes Fund $ 676,777 Arbor Daze $ 79,500 Texas Star Sports Complex Fund $ 1,570,007 Texas Star Sports Complex Debt Service Fund $ 163,200 Texas Star Golf Course Fund $ 4,544,913 Texas Star Golf Course Debt Service Fund $ 613,849 Equipment Replacement Fund $ 1 ,629,027 Health Insurance Fund $ 6,584,245 Risk Management/Worker's Comp Fund $ 1,047,525 Ordinance No. 2083, Page 3 of 5 SECTION 6. The sums below are hereby appropriated from the respective capital funds for the payment of expenditures on behalf of the city government as established in the approved Capital Improvement Program: FY2015 Amended FY2016 Fund Appropriations Appropriations Drainage Capital Projects Fund 60.000 Streets Capital Projects Fund 4,158,211 Water& Wastewater Capital Projects Fund 1 ,251,802 2,610,259 Water Impact Fee Fund 365,176 Wastewater Impact Fee Fund 100,000 Car Rental Capital Projects Fund 2,183,895 2,578,275 Half Cent Capital Projects Fund (EDC) 130,000 Texas Star Golf Course Capital Projects 105,000 75,000 Midtown Redevelopment Fund 16,748,583 Texas Star Sports Complex CIP 2,307,767 Redevelopment Fund 122 Police Department CIP 11 General CIP 10,500 SECTION 7. The sums below are hereby appropriated from the respective reserve funds to provide transfers to certain operating and capital improvement funds as established in the approved budget document. FY 2015 Amended FY 2016 Fund Appropriations Appropriations Half Cent Sales Tax(EDC) Debt Reserve Fund $ 730.000 Water& Wastewater Rate Stabilization Reserve Fund $ 705,850 $ 135,235 Texas Star Sports Complex Reserve Fund $ 425,000 Texas Star Golf Course Reserve Fund $ 140,000 $ 175,000 SECTION 8. The City Manager is authorized from time to time, as he/she may deem to be in the best interest of the City of Euless, to invest city funds not immediately required for current use, including operating funds and bond funds, as per Council adopted Investment Policy. Ordinance No. 2083, Page 4 of 5 SECTION 9. It is hereby declared to be the intention of the City Council that the phrases, clauses, sentences, paragraphs, and sections of this ordinance are severable, and if any phrase, clause, sentence, paragraph, or section of this ordinance shall be declared unconstitutional by the valid judgment or decree of any court of competent jurisdiction, such unconstitutionality shall not affect any of the remaining phrases, clauses, sentences, paragraphs, and sections of this ordinance, since the same would have been enacted by the City Council without the incorporation in this ordinance of any such unconstitutional phrase, clause, sentence, paragraph or section. SECTION 10. This ordinance shall become effective immediately from and after its passage. PRESENTED AND APPROVED on First and Final Reading at a regular meeting of the Euless City Council on August 25, 2015, by a vote of 7 ayes, o nays, and o abstentions. APPROVED: • -I- / eartin, Mayor ATTEST: leee-; Ki Sutter, T MC City Secretary APPROVED AS TO FORM: .k- Wayne K. Olson City Attorney Ordinance No. 2083, Page 5 of 5 INVOICE Star-Telegram Customer ID: CIT09 808 Throckmorton St. Invoice Number: 335037381 FORT WORTH,TX 76102 (817)390-7761 Invoice Date: 8/13/2015 Federal Tax ID 26-2674582 Terms: Net due in 21 days Due Date: 8/31/2015 Bill To: PO Number: CITY OF EULESS ACCOUNTS PAYABL 201 N ECTOR DR Order Number: 33503738 EULESS, TX 76039-3543 Sales Rep: 073 Description: CITY OF EULESS N Attn:Attn:ACCOUNTS .PAYABLE Publication Date: 8/13/2015 Description Location Col Depth Linage NW Rate Amount CITY OF EULESS NOTICE OF PUBLI 13580 1 22 22 LINE $0.34 $7.48 _0F EUL—ESS Misc Fee NOTICEIOF PUBLIC HEARING $5.00 EULESS CITY COUNCIL A public hearing will be held by the m, Euless City Council 7: Tuesday, RECEIVED August 25, 2015, at 7:00 p.m. in the Council Chambers of Euless City Net Amount: $12.48 Hall at 201 N. Ector Drive, Euless, Texas. The purpose of the public AUG 2 4 2015 hearing will be to hear public comments for consideration of the Proposed City of Euless Operating CITY OF EULESS and Capital Budget for Fiscal Year 2015-2016. This budget will raise FINANCE DEPT. more revenue from property taxes than last year's budget by an amount of$332,205,which is a 2.49 percent increase from last year's ,-v....w.. budget. The property tax revenup� ��� �r� ®� to be raised from new property'" it added to the tax roll this year is $124,072. - f CHRISTY LYNNE HOLLAND � ,?q � ��� . e' t , ,;i ,, `�` Notary Public,State o Texas My Commission Expires UESTED July 31, 2016 THE STATE OF TEXAS County of Tarrant Before me,a Notary Public in and for said County and State,this day personally appeared Deborah Baylor, Bid and Legal Coordinator for the Star- Telegram,published by the Star-Telegram, Inc.at Fort Worth,in Tarrant County,Texas;and who, after being duly sworn,did depose and say that the attached clipping of an advertisement was published in the o e named paper on the listed dates:BIDS&LEGAL DEPT. STAR TELEGRAM (817)390-7039 Signed SUBSCRIBED AND SWORN TO BEFORE ME,THIS Monday,A gus 1 ,2015. Notary Public Thank You For Your Payment ----------------------------------- ---------- Remit To: Star-Telegram Customer ID: CIT09 P.O. BOX 901051 Customer Name: CITY OF EULESS ACCOUN FORT WORTH, TX 76101-2051 Invoice Number: 335037381 Invoice Amount: $12.48 PO Number: Amount Enclosed: $ INVOICE Star-Telegram Customer ID: CIT09 808 Throckmorton St. Invoice Number: B0809471 FORT WORTH,TX 76102 (817)390-7761 Invoice Date: 8/13/2015 Federal Tax ID 26-2674582 Terms: Net due in 21 days Due Date: 8/31/2015 Bill To: CITY OF EULESS ACCOUNTS PAYABL PO Number: 201 N ECTOR DR Order Number: B080947 EULESS, TX 76039-3543 Sales Rep: 073 Description: 2015 TAX RATE Attn:Attn:ACCOUNTS .PAYABLE Publication Date: 8/13/2015 Description Location Col Depth Linage MU Rate Amount 2015 TAX RATE I 3 10.5 31.5 INCH $3.74 $117.81 Net Amount: $117.81 RECEIVED AEQ ISMON AUG 2 4 2015 CITY OF EULESS FINANCE DEPT. REQUESTED 1 YP���i CHRISTY LYNNE HOLLAND Notary Public.State of Texas Yf My Commission Expires THE STATE OF TEXAS July 31, 2016 County of Tarrant Before me,a Notary Public in and for said County and State,this day personally appeared Deborah Baylor,Bid and Legal Coordinator for the Star- Telegram,published by the Star-Telegram, Inc.at Fort Worth,in Tarrant County,Texas;and who,after being duly sworn,did depose and say that the attached clipping of an advertisement was published in the o e named paper on the listed dates:BIDS&LEGAL DEPT. STAR TELEGRAM (817)390-7039 Signed SUBSCRIBED AND SWORN TO BEFORE ME,THIS Monday,A gus 1 ,2015. Notary Public Thank You For Your Payment Remit To: Star-Telegram Customer ID: CIT09 P.O. BOX 901051 Customer Name: CITY OF EULESS ACCOUN FORT WORTH, TX 76101-2051 Invoice Number: B0809471 Invoice Amount: $117.81 PO Number: Amount Enclosed: $ , NOTICE OF 2015 TAX YEAR PROPOSED PROPERTY TAX RATE FOR THE CITY OF EULESS, TEXAS A tax rate of $0.467500 per $100 valuation has been proposed for adoption by the governing body of the City of Euless, Texas. This rate exceeds the lower of the effective or rollback tax rate, and state law requires that two public hearings be held by the governing body before adopting the proposed tax rate. PROPOSED TAX RATE $0.467500 per $100 PRECEDING YEAR'S TAX RATE $0.467500 per $100 EFFECTIVE TAX RATE $0.458926 per $100 ROLLBACK TAX RATE $0.489461 per $100 The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for the City of Euless, Texas from the same properties in both the 2014 tax year and the 2015 tax year. The rollback tax rate is the highest tax rate that the City of Euless,Texas may adopt before voters are entitled to petition for an election to limit the rate that may be approved to the rollback rate. YOUR TAXES OWED UNDER ANY OF THE ABOVE RATES CAN BE CALCULATED AS FOLLOWS: property tax amount= (rate) x (taxable value of your property)/100 For assistance or detailed information about tax calculations, please contact: Janina Jewell City of Euless, Director of Finance 201 N. Ector Drive, Euless, Texas 76039 (817) 685-1444 jjewell @eulesstx.gov www.eulesstx.gov You are urged to attend and express your views at the following public hearings on the proposed tax rate: First Hearing: August 25, 2015, at 7:00 pm at Euless City Council Chambers 201 N. Ector Drive Euless, Texas 76039. Second Hearing: September 1, 2015, at 7:00 pm at Euless City Council Chambers 201 N. Ector Drive Euless,Texas 76039.