HomeMy WebLinkAbout1700 08-30-2005ORDINANCE NO. 1700
AN ORDINANCE ADOPTING THE OFFICIAL OPERATING
AND CAPITAL BUDGET FOR THE CITY OF EULESS FOR
THE FISCAL YEAR BEGINNING OCTOBER 1, 2005, AND
ENDING SEPTEMBER 30, 2006; AND AMENDING THE
BUDGET FOR FISCAL YEAR BEGINNING OCTOBER 1,
2004, AND ENDING SEPTEMBER 30, 2005, PROVIDING
FOR THE INVESTMENTS OF FUNDS; PROVIDING FOR
PUBLICATION AND AN EFFECTIVE DATE.
WHEREAS, on August 30, 2005, the Euless City Council held a Public Hearing
on its proposed budget for the fiscal year beginning October 1, 2005, and ending
September 30, 2006; and
WHEREAS, the proposed budget was on file in the office of the City Secretary of
the City of Euless since July 29, 2005, 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;
WHEREAS, on August 26, 2004, the Euless City Council adopted the official
budget for the City of Euless for fiscal year beginning October 1, 2004, and ending
September 30, 2005; and
WHEREAS, the City Council deems it to be in the best interest of the citizens to
amend the FY2004 -2005 budget due to emergency and unforeseen circumstances.
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, 2005, and ending September 30, 2006, 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 the FY2004 -2005 official operating budget for the City of Euless be
amended to provide a transfer of $275,000 from the car rental operating fund to the car
rental capital projects fund to cover remaining costs on the construction of Fire Station
No. 3, and to provide an additional $14,603,415 to refund certain outstanding bond
issues.
SECTION 3
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:
General Fund
Water & Sewer Fund
General Obligation Debt Fund
Hotel /Motel
Service Center Fund
Insurance Fund
Risk Management/Worker's Comp
Equipment Replacement Fund
Recreation Classes Fund
Police Drug Fund
Drainage Utility
Water & Sewer Revenue Debt Fund
Golf Course at Texas Star
Parks at Texas Star
Softball World
Crime Control & Prevention District
Half Cent Sales Tax
Arbor Daze
Economic Development Debt Service
Traffic Safety Grants
Car Rental Tax Fund
Star Center Debt Service
Softball World Debt Service
Golf Course Debt Service
Economic Development Debt Reserve
Total Operating Funds
Ordinance No. 1700, Page 2 of 3
FY 2005
Revised
Expenditures
$23,624,845
$14,698,641
$18,415,960
$171,910
$841,935
$3,034,065
$699,843
$996,200
$333,132
$5,000
$621,959
$583,524
$3,431,953
$230,984
$1,082,580
$1,289,764
$2,730,310
$822,200
$945,770
$95,294
$8,309,234
$976,888
$135,699
$583,213
$0
$84,660,903
FY 2006
Expenditures
$24,651,037
$15,231,419
$3,735,230
$161,853
$940,423
$3,132,778
$723,464
$750,977
$372,889
$5,000
$639,249
$448,858
$3,304,384
$261,066
$974,189
$1,351,508
$2,935,995
$5,000
$944,855
$118,179
$11,391,249
$976,450
$132,319
$582,713
$15,000
$73,786,084
THAT Capital Project Fund expenditures are to be appropriated as indicated
below. Capital projects fund appropriations extend for the life of the project.
Water & Sewer Capital Fund
Streets Capital Fund
Water Impact Fee
Half Cent Capital
Car Rental CIP
Drainage CIP
Wastewater Impact Fees
Golf CIP
FY2005
Revised FY2006
Appropriations Appropriations
SECTION 4
$1,103,698
$1,058,190
$280,834
$25,000
$1,436,798
$0
$0
$122,000
$1,456,600
$522,000
$278,071
$175,000
$3,501,316
$300,000
$655,000
$0
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 5
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 30th day of August, 2005, by a vote of _ 7 ayes,
—o nays, and o abstentions.
APPROVED: APPROVED AS TO FORM:
Mary Lib S�ileh, Mayor Bob Far d, Cit§ Attorney
ATTEST:
Susan Crim, MC, City Secretary
Ordinance No. 1700, Page 3 of 3