HomeMy WebLinkAbout1242 09-09-1997ORDINANCE NO. 1242
AN ORDINANCE ADOPTING THE OFFICIAL OPERATING
AND CAPITAL BUDGET FOR THE CITY OF EULESS FOR
THE FISCAL YEAR BEGINNING OCTOBER 1, 1997, AND
ENDING SEPTEMBER 30, 1998; AND AMENDING THE
BUDGET FOR FISCAL YEAR BEGINNING OCTOBER 1,
1996, AND ENDING SEPTEMBER 30, 1997; PROVIDING
FOR THE INVESTMENTS OF FUNDS; PROVIDING FOR
PUBLICATION AND AN EFFECTIVE DATE.
WHEREAS, on September 9th, 1997, the Euless City Council held a Public Hearing on
its proposed budget for the fiscal year beginning October 1, 1997, and ending
September 30, 1998; and
WHEREAS, the proposed budget was on file in the office of the City Secretary of the
City of Euless since July 19, 1997, available to the citizens and the public for their
inspection, as well as an opportunity to be heard on said date;
WHEREAS, due notice of such hearing on the budget was duly published; and at the
conclusion of such hearing, it was determined that such budget should be adopted;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
EULESS,TEXAS:
SECTION 1
THAT the official budget for the City of Euless for the fiscal year beginning October 1,
1997, and ending September 30, 1998, be, and the same is hereby adopted by the
Euless City Council, and 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.
SECTION 2
THAT all funds appropriated and allocated shall be expended and used pursuant to the
provisions of such official budget and the Euless City Manager shall be directed to
appropriate and expend City funds according to City Charter provisions.
ORDINANCE NO. 1242, PAGE 1 OF 3
THAT 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:
THAT the sums below are hereby appropriated from the capital fund for Fiscal Year
1997 -98 for the payment of expenditures on behalf of the city government as
established in the approved budget document:
FY1996 Revised
(Expenditures)
FY 1998
(Expenditures)
Water & Sewer Capital Fund $975,000 $0
Streets Capital Fund $200,000 $0
Drainage Capital Fund $200,000 $100,000
ORDINANCE NO. 1242, PAGE 2 OF 3
FY 1997 Revised
FY 1998
(Expenditures)
(Expenditures)
General Fund
$16,896,983
$17,290,105
Water & Sewer Fund
$11,185,957
$11,175,791
General Obligation Debt Fund
$2,202,366
$2,003,040
Hotel/Motel
$658,486
$302,392
Fleet Maintenance Fund
$586,478
$662,716
Insurance Fund
$1,464,289
$1,430,808
Workers Comp Insurance
$407,077
$349,157
Risk Management
$355,257
$333,323
City Engineer
$108,788
$109,800
Equipment Replacement Fund
$416,536
$406,080
Programs & Special Events
$794,925
$739,003
Police Drug Fund
$28,439
$0
Drainage Utility
$503,047
$544,972
Cash & Debt
$53,003
$65,365
Water & Sewer Revenue Debt Fund
$522,480
$778,355
Golf Course at Texas Star
$811,190
$3,111,620
Parks at Texas Star
$16,500
$212,927
Softball World
$1,005,895
$1,096,322
Crime Control & Prevention District
$528,073
$799,938
Half Cent Sales Tax
$1,935,305
$1,897,361
THAT the sums below are hereby appropriated from the capital fund for Fiscal Year
1997 -98 for the payment of expenditures on behalf of the city government as
established in the approved budget document:
FY1996 Revised
(Expenditures)
FY 1998
(Expenditures)
Water & Sewer Capital Fund $975,000 $0
Streets Capital Fund $200,000 $0
Drainage Capital Fund $200,000 $100,000
ORDINANCE NO. 1242, PAGE 2 OF 3
THAT the sums below are hereby appropriated from ending fund balance for Fiscal
Year 1996 -97 for payment of items in Fiscal Year 1997 -98 or thereafter:
Finance Department Computer System:
General Fund
Water and Sewer Fund
Western Hills Escrow:
General Fund
Water and Sewer Fund
Fire Pumper: General Fund
FY 1997 Revised FY 1998
SECTION 3
$25,000 $25,000
$25,000 $25,000
$175,000 0
$175,000 0
$87,500 $250,500
THAT the City Manager is authorized from time to time as he 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.
SECTION 4
EFFECTIVE DATE. This ordinance shall become effective immediately from and after
its passage as provided by the Euless City Charter and the laws of the State of Texas.
PRESENTED AND APPROVED on First and Final Reading at a regular meeting of the
Euless City Council on the 9th day of September, 1997; by a vote of 7 ayes,
o nays, and o abstentions.
APPROVED:
ATTEST:
Susan Cri , CMC, City Secretary
Ii
Mary Lib, . aleh, Mayor
ORDINANCE NO. 1242, PAGE 3 OF 3