HomeMy WebLinkAbout1744 09-12-2006ORDINANCE NO. 1744
AN ORDINANCE ADOPTING THE OFFICIAL OPERATING
AND CAPITAL BUDGET, EXCLUDING EMPLOYEE
HEALTH INSURANCE AND RETIREMENT
CONTRIBUTIONS, FOR THE CITY OF EULESS FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 2006, AND
ENDING SEPTEMBER 30, 2007; AND AMENDING THE
BUDGET FOR FISCAL YEAR BEGINNING OCTOBER 1,
2005, AND ENDING SEPTEMBER 30, 2006, PROVIDING
FOR THE INVESTMENTS OF FUNDS; PROVIDING FOR
PUBLICATION AND AN EFFECTIVE DATE.
WHEREAS, on August 29, 2006, the Euless City Council held a Public Hearing
on its proposed budget for the fiscal year beginning October 1, 2006, and ending
September 30, 2007; and
WHEREAS, the proposed budget was on file in the office of the City Secretary of
the City of Euless since August 1, 2006, available to the citizens and the public for their
inspection, as well as an opportunity to be heard on said date; and
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;
and
WHEREAS, on August 30, 2005, the Euless City Council adopted the official
budget for the City of Euless for fiscal year beginning October 1, 2005, and ending
September 30, 2006; and
WHEREAS, the City Council deems it to be in the best interest of the citizens to
amend the FY2005 -2006 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, excluding employee health insurance and retirement
contributions, for the City of Euless for the fiscal year beginning October 1, 2006, and
ending September 30, 2007, 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 FY2005 -2006 official, operating & capital budget for the City of Euless
be amended to provide an additional $ 7,617,818 to refund certain outstanding bond
issues and to provide for additional funding for various capital projects as detailed in the
capital improvements program.
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
Half Cent Sales Tax (EDC)
Crime Control & Prevention District (CCPD)
Car Rental Tax Fund
General Obligation Debt Fund
Water & Sewer Fund
Softball World
Golf Course at Texas Star
Risk Management/Worker's Comp
Equipment Replacement Fund
Hotel /Motel
Police Drug (DEA) Fund
Public Safety Grants
Star Center Debt Service
Half Cent Debt Service (EDC)
Service Center Fund
Water & Sewer Revenue Debt Fund
Drainage Utility
Recreation Classes Fund
Arbor Daze
Softball World Debt Service
Golf Course Debt Service
Parks at Texas Star Athletic Complex
Half Cent Debt Reserve (EDC)
Ordinance No. 1744, Page 2 of 3
FY 2006
Revised
Expenditures
$8,824,949
$2,976,957
FY 2007
Expenditures
$24,144,528
$3,513,186
$1,453,978
$9,012,590
$3,709,724
$15,679,873
$903,236
$3,215,783
$726,552
$1,440,500
$217,775
$6,750
$90,778
$979,794
$927,164
$1,111,334
$426,974
$937,924
$416,970
$37,500
$160,219
$682,438
$319,046
$40,000
THAT Capital Project Fund expenditures are to be appropriated as indicated
below. Capital projects fund appropriations extend for the life of the project.
Streets Capital Fund
Half Cent Capital
Car Rental CIP
Water & Sewer Capital Fund
Water Impact Fee
Wastewater Impact Fees
Drainage CIP
FY2006
Revised FY2007
Appropriations Appropriations
SECTION 4
$982,017 $408,700
$735,000
$459,000
$1,508,304 $1,544,481
$258,314
$60,000
$347,598 $320,000
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 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 Reading at a regular meeting of the
Euless City Council on the 29"' day of August, 2006, by a vote of 4 ayes, 3 nays, and 0
abstentions.
PRESENTED AND APPROVED on Second and Final Reading at a regular
meeting of the Euless City Council on the 12"' day of September, 2006, by a vote of
5 ayes, 2 nays, and 0 abstentions.
APPROVED: APPROVED AS TO FORM:
—Al"it& **4 - a i
A10 � NL
Mary Lib Saleh, Mayor Bob McFarland, City Atforney
ATTEST:
Susa Cri m, R -C, City Secretary
Ordinance No. 1744, Page 3 of 3