HomeMy WebLinkAbout1600 08-26-2003ORDINANCE NO. 1600
AN ORDINANCE ADOPTING THE OFFICIAL
OPERATING AND CAPITAL BUDGET FOR THE
CITY OF EULESS FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 2003, AND ENDING
SEPTEMBER 30, 2004; AND AMENDING THE
BUDGET FOR FISCAL YEAR BEGINNING
OCTOBER 1, 2002, AND ENDING SEPTEMBER 30,
2003, PROVIDING FOR THE INVESTMENTS OF
FUNDS; PROVIDING FOR PUBLICATION AND AN
EFFECTIVE DATE.
WHEREAS, on August 26, 2003, the Euless City Council held a Public Hearing
on its proposed budget for the fiscal year beginning October 1, 2003, and ending
September 30, 2004; and
WHEREAS, the proposed budget was on file in the office of the City Secretary of
the City of Euless since July 26, 2003, 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, 2003, and ending September 30, 2004, 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.
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:
FY 2003
Revised FY 2004
(Expenditures) (Expenditures)
General Fund
$22,832,176
$22,873,184
Water & Sewer Fund
$12,746,473
$13,828,352
General Obligation Debt Fund
$9,621,788
$4,062,934
Hotel /Motel
$226,645
$221,707
Service Center Fund
$795,588
$777,364
Insurance Fund
$1,893,664
$2,106,769
Risk Management/Worker's Comp
$654,051
$656,264
Equipment Replacement Fund
$1,161,700
$468,687
Recreation Classes Fund
$259,835
$311,015
Police Drug Fund
$5,000
$47,900
Drainage Utility
$827,343
$1,005,228
Water & Sewer Revenue Debt Fund
$491,248
$410,947
Golf Course at Texas Star
$4,122,711
$3,650,594
Parks at Texas Star
$224,700
$239,100
Softball World
$1,165,276
$1,343,937
Crime Control & Prevention District
$1,494,332
$1,266,903
Half Cent Sales Tax
$2,942,380
$2,684,844
Arbor Daze
$667,200
$687,200
Economic Development Debt Service
$940,856
$938,990
Traffic Safety Grants
$115,834
$162,268
Car Rental Tax Fund
$12,014,895
$9,769,844
Star Center Debt Service
$979,512
$976,106
Victims Assistance Grant
$30,739
$30,739
THAT Capital Project Fund expenditures are to be increased as indicated
below based on additional funding sources or use of prior year receipts. Capital
projects fund appropriations extend for the life of the project.
ORDINANCE NO. 1600, Page 2 of 3
Water & Sewer Capital Fund
Streets Capital Fund
Water Impact Fee
Wastewater Impact Fees
Half Cent Capital
Car Rental CIP
Drainage CIP
SECTION 3
FY 2004
(Expenditures)
$2,196,000
$3,013,708
$292,921
$15,000
$150,000
$1,990,500
$459,000
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 26th day of August, 2003, by a vote of 7 ayes,
0 nays, and 0 abstentions.
APPROVED:
APPROVED AS TO FORM:
Mary Lib SkIleh, Mayor :..
ATTEST:
Susan Crim, �MC, City Secretary
ORDINANCE NO. 1600, Page 3 of 3