HomeMy WebLinkAboutORD 2007-74 - 2006/07 BudgetFA
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WHEREAS, bond proceeds are proposed to be used to fund recreation center project, and
electric capital improvement projects; and
WHEREAS, the sanitation fund has a deficit fund balance that must be discharged per the
City Charter, and
WHEREAS, the General Fund will transfer funds to eliminate this deficit, and
WHEREAS, grant revenues are used to fund a Library internship program and Library
equipment, as well as, Police STEP program; and
WHEREAS, fund balance is proposed to be used to purchase equipment for new datacenter
originally budgeted in the 2007/08 budget; and
WHEREAS, the need for these adjustments was not known at the time the fiscal year
2006/07 budget was approved; and
WHEREAS, the City Charter allows for changes in the Annual Operating Plan by a Council
majority plus one in emergency situations;
THAT:NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
GEORGETOWN, TEXAS
SECTION 1
The facts and recitations contained in the preamble of this ordinance are hereby found and
declared to be true and correct, and are incorporated by reference herein and expressly made a part
hereof, as if copied verbatim. The City Council hereby finds that this ordinance implements the
following policy of the Century Plan - Policy Plan Element:
1. Policy End 13.00, which states: "Ail municipal operations are conducted in an
efficient business -like manner and sufficient financial resources for both short-term
and long-term needs are provided", and further finds that the enactment of this
Ordinance is not inconsistent or in conflict with any other Century Plan Policies, as
required by Section 2.03 of the Administrative Chapter of the Policy Plan.
SECTION 2.
The amendment to the 2006/07 Annual Operating Plan Element (Budget) of the revenues of the
City of Georgetown and expenses of conducting the affairs thereof, is in all things adopted and
approved as an addition to the previously approved budget of the current revenues and expenses
as well as fixed charges against said City for the fiscal year beginning October 1, 2006, and ending
September 30, 2007. A copy of the amendment is attached hereto as Exhibit "A", and incorporated
ORDO � 1
Budget Amendment No. I
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by reference herein.
SECTION 3.
The total of $12,957,590 is hereby appropriated for payments of expenditures and payments of
the funds and included in the Exhibit "A".
SECTION 4
All ordinances and resolutions, or parts of ordinances and resolutions, in conflict with this
Ordinance are hereby repealed, and are no longer of any force and effect.
SECTION 5.
If any provision of this ordinance or application thereof to any person or circumstance shall be
held invalid, such invalidity shall not affect the other provisions, or application thereof, of this
ordinance which can be given effect without the invalid provision or application, and to this end the
provisions of this ordinance are hereby declared to be severable.
The Mayor is hereby authorized to sign this ordinance and the City Secretary to attest. This
ordinance shall become effective upon adoption of its second and final reading by the City Council
of the City of Georgetown, Texas.
PASSED AND APPROVED on First Reading on the 25th day of September, 2007.
PASSED AND APPROVED on Second Reading on the 9th day of October, 2007.
ATTER: .1 THFtITY GEORGETOWN:
Sandra D. Lee
City Secretary
APPROVED AS TO FORM:
cam.
�p—°
Patricia T. Carls, Carls, McDonald and Dalrymple, LLP
City Attorney
ovo 200'7�14
Budget Amendment No. 1
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P:\AGE N DA\2007\B u dg et\[07Y E BAs e pt07.xls]2006-07
General Fund
Revenues/Sources:
Fund Balance $ (82,000)
Expenses - Transfers
Transfer to Police SRF - grant match 12,000
Transfer to Sanitation Fund 70,000
Excess revenue over expenses $ 0
Facilities Fund
Revenues/Sources:
Bond Proceeds - General Obligation (GO) $ (92400,000)
Bond Proceeds - Certificate of Obligations (CO) (2,0001000)
Expenses:
Bond Issue Costs 200,000
Recreation Center Project 11,200,000
Excess revenue over expenses $ 0
Electric Fund
Revenues/Sources:
Bond Proceeds - Additional $ (1,200,000)
Expenses:
Electric GIP - Citicorp 1,200,000
Excess revenue over expenses $ 0
Library SRF
Revenues/Sources:
Grant Revenue $ (10,550)
Fund Balance (71500)
Expenses:
Internship 42300
Equipment/Summer Programs 13,750
Excess revenue over expenses $ 0
Police SRF
Revenues/Sources:
Grant Revenue $ (24,540)
Transfer In -Grant match (123000)
Expenses:
Step Grant Expenses 38,540
Excess revenue over expenses $ 0
lT Fund
Revenues/Sources:
Fund Balance $ (221,000)
Expenses:
Network Hardware - Datacenter 221,000
Excess revenue over expenses $ 0