HomeMy WebLinkAboutORD 2008-23 - Amend 2007/08 BudgetWHEREAS, fund balance was proposed to fund capital improvements in the 2006/07 fiscal year
originally budgeted in the 2007/08 budget; and
WHEREAS, the timing of certain expenses related to capital improvement projects and master plan
projects will occur in 2007/08; and
WHEREAS, fund balance is proposed to be used to fund contract costs; and
WHEREAS, the need for these adjustments was not known at the time the fiscal year 2007/08 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;
GEORGETOWN,NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
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.
SECTION 2.
The amendment to the 2007/08 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, 2007, and ending September 30, 2008. A copy of the
amendment is attached hereto as Exhibit "A", and incorporated by reference herein.
SECTION 3.
The increase of $836,200 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hereby repealed, and are no longer of any force and effect.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.
CPKD � 2009m II
Budget Amendment No. I
Page I of
PAAGENDA\2008\BUDGETi08BAMY08 Ordinance.doc
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.
SECTION 6.
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 8th day of April, 2008.
PASSED AND APPROVED on Second Reading on the 22nd day of April, 2008.
ATTE,, :
Sandra D. Lee
City Secretary
APPROVED AS TO FORM:
PatriciaT. Carts, Carts, McDonald and Dalrymple, LLP.
City Attorney
Budget Amendment No. 1
Page 2 of 2
P:\AGENDA\2008\BUDGET108BAMY08 Ordinance.doe
Mayor
Nelon
Annual Operating Pian Element (Budget) Amendment
PAAGENDN200MBUDGET\[BA Exhibit 08my.x1s]A
General Fund
Revenues/Sources:
Fund Balance
Expenditures:
Downtown Master Plan - Programs
Gateway Consultant
Parking Lot (Draeger Property)
Downtown Landscaping
Wayfinding Signs
Housing Master Plan
Contract Expense - Inspections outsourcing
Excess revenue over expenses
General Capital Projects Streets Fund
Revenues/Sources:
Debt Proceeds - 2008 CO bonds
Expenditures:
Capital Improvements - College Street Bridge
Excess revenue over expenses
Joint Services Fund
Revenues/Sources:
Fund Balance
Expenditures:
Contract Expense - Williamson Central Appraisal District Contract
Excess revenue over expenses
Electric Fund
Revenues/Sources:
Fund Balance
Expenditures:
Capital Improvements - budgeted 08/09; accelerated into 07/08
Excess revenue over expenses
Storrnwater Fund
Revenues/Sources:
Fund Balance
Expenditures:
Capital Improvements - Quality Ponds
Excess revenue over expenses
Water Services Fund
Revenues/Sources: Wastewater Capital Improvements Fund
Debt Proceeds - 2008 Revenue Bonds
Expenses:
Capital Improvement - Smith Branch
Excess revenue over expenses
IM
I
$ (179,200)
7,500
25,000
3,300
95,900
7,500
40,000
$ 0
$ (4522500)
452,500
$ (28,500)
28,500
$ 11400,000
(1;400,000)
$ (76,000)
76,000
$ (15500,000)
115003000