HomeMy WebLinkAbout1782 08-28-2007ORDINANCE NO. 1782
AN ORDINANCE ADOPTING THE OFFICIAL OPERATING
AND CAPITAL BUDGET FOR THE CITY OF EULESS FOR
THE FISCAL YEAR BEGINNING OCTOBER 1, 2007, AND
ENDING SEPTEMBER 30, 2008; PROVIDING FOR THE
INVESTMENTS OF FUNDS; PROVIDING FOR
PUBLICATION AND AN EFFECTIVE DATE.
WHEREAS, on August 28, 2007, the Euless City Council held a Public Hearing
on its proposed budget for the fiscal year beginning October 1, 2007, and ending
September 30, 2008; and
WHEREAS, the proposed budget was on file in the office of the City Secretary of
the City of Euless since August 1, 2007, 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, 2007, and ending September 30, 2008, 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:
THAT Capital Project Fund expenditures are to be appropriated as indicated
below. Capital projects fund appropriations extend for the life of the project.
Ordinance No. 1782, Page 2 of 3
FY 2008
Expenditures
General Fund
$33,270,986
Hotel /Motel
$217,099
Juvenile Case Fund
$51,277
Half Cent Sales Tax (EDC)
$5,430,351
Half Cent Debt Reserve (EDC)
$47,500
Crime Control & Prevention District (CCPD)
$2,209,523
Police Drug (DEA) Fund
$8,750
Public Safety Grants
$92,351
Car Rental Tax Fund
$17,396,126
General Obligation Debt Fund
$3,543,372
Star Center Debt Service
$976,513
Half Cent Debt Service (EDC)
$932,716
Water & Sewer Fund
$16,699,630
Service Center Fund
$1,204,640
Water & Sewer Revenue Debt Fund
$430,467
Drainage Utility
$963,608
Recreation Classes Fund
$379,154
Arbor Daze
$60,250
Softball World
$1,046,072
Softball World Debt Service
$162,069
Golf Course at Texas Star
$3,809,284
Golf Course Debt Service
$1,948,540
Parks at Texas Star Athletic Complex
$311,566
Equipment Replacement Fund
$731,065
Health insurance Fund
$4,345,969
Risk Management/Worker's Comp
$759,887
THAT Capital Project Fund expenditures are to be appropriated as indicated
below. Capital projects fund appropriations extend for the life of the project.
Ordinance No. 1782, Page 2 of 3
Streets Capital Fund
Half Cent Capital
General Capital Projects Fund
Redevelopment Capital Fund
Car Rental Capital Fund
Water & Sewer Capital Fund
Water Impact Fee
Wastewater Impact Fees
Drainage Capital Fund
SECTION 3
FY2008
Appropriations
$785,000
$2,050,000
$850,534
$930,000
$6,189,350
$1,737,514
$259,932
$60,000
$765,000
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 28th day of August, 2007, by a vote of 7 ayes,
o nays, and
APPROVED-
0
abstentions.
l�� i ►I/ J - _ �lj
Ligsaleh, Mayor
ATTEST:
Susan Crim, RMC, City Secretary
Ordinance No. 1782, Page 3 of 3
Bob McFarland,