HomeMy WebLinkAboutORD 2004-78 - 2003/04 Annual BudgetWHEREAS, increased customers and fuel costs 2003/04 have resulted in greater
demand for services and costs in the Electric Fund, Sanitation Fund, and the Airport Fund and:
WHEREAS, the City received greater than expected revenue from festival revenue in the
Tourism fund; and
WHEREAS, the City issued debt in 2004 for the increased project costs at the Animal
Shelter and the downtown parking lot; and
WHEREAS, the City paid arbitrage rebate to the Internal Revenue Service in 2004; and
WHEREAS, the City received grants for police equipment and library resources; and
WHEREAS, the City wishes to reallocate its contingency reserves between funds; and
WHEREAS, these circumstances have resulted in higher than anticipated expenses; and
WHEREAS, the changes were unknown and unforeseeable at the time the fiscal year
2003/04 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;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, THAT:
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 Statement13.0, which states: All 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.
ORD* -18
Budget Amendment No. 1
Page 1 of 3
P:\AGENDA\2005\budget\04YEBA Ordinance.doc
SECTION 2.
The amendment to the 2003/04 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, 2003, and ending
September 30, 2004. A copy of the amendment is attached hereto as Exhibit "A", and incorporated
by reference herein.
SECTION 3.
The total of $2,438,000 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.
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 23`d day of November, 2004.
PASSED AND APPROVED on Second Reading on the 14th day of December, 2004,
0
Sandra D. Lee
City Secretary
APPROVED AS TO FORM:
ct rr
Patricia T. Carls, Brown and Carls, L.L.P
City Attorney
Mayor
GEORGETOWN:
Nelon
Mo a004.18
Budget Amendment No, 1
Page 2 of 3
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Ordinance.doc
E BIT A
Annual Operating Plan Element (Budget) Amendment
Electric Fund
Revenues/Sources:
Electric Revenue $ (250,000)
Contingency Reserves (fund balance) (1,0000000)
Expenses:
Purchased Power, franchise fees, ROI 250,000
Transfer to General Fund contingency reserves 1,000,000
Excess revenue over expenses $ 0
Airport Fund
Revenues/Sources:
Fuel Sales $ (85,000)
Expenses
Fuel for resale
851000
Excess revenue over expenses
$
0
General Capital Protects Fund
Revenues/Sources:
Bond Proceeds
$
(760,000)
Expenses:
Downtown Parking
760,000
Excess revenue over expenses
$
0
General Debt Service Fund
Revenues/Sources:
Fund Balance $ (15,000)
Expenses:
Arbitrage paid 159000
Excess revenue over expenses $ 0
Tourism Fund
Revenues/Sources:
Festival Revenue $ (21,000)
Expenses:
Festival Expenses 21,000
Excess revenue over expenses $ 0
Library Special Revenue Fund
Revenues/Sources:
Donations & Grants $ (32,000)
Expenses:
Grant expenses 329000
Excess revenue over expenses $ 0
Police Special Revenue Fund
RevenueslSources:
Donations & Grants $ (35,000)
Expenses:
Grant expenses 35,000
Excess revenue over expenses $ 0
Water Fund
Revenues/Sources:
Contingency Reserves (fund balance) $ (225,000)
Expenses:
Transfer to General Fund contingency reserves 225,000
Excess revenue over expenses $ 0
Genera[Fund
Revenues/Sources:
Transfers In from Water& Electric $ (1,225,000)
Exp Transfer to General Fund contingency reserves 1 29F; non
Excess revenue over