HomeMy WebLinkAboutORD 2003-01 - 2001/02 BudgetORDINANCE NO.
AN ORDINANCE AMENDING THE 2001/02 ANNUAL OPERATING PLAN
ELEMENT (BUDGET) DUE TO CONDITIONS THAT RESULTED IN YEAR
END BUDGET VARIANCES; APPROPRIATING THE VARIOUS AMOUNTS
THEREOF; AND REPEALING ALL ORDINANCES OR PARTS OF
ORDINANCES IN CONFLICT THEREWITH.
WHEREAS, increased customers and weather conditions in 2001/02 have resulted in greater
demand for services in the Electric Fund and Water Fund and;
WHEREAS, the City received greater than expected revenue from Fire Services Billings and
Animal Services donations, and Main Street fund balance and;
WHEREAS, the City paid arbitrage rebate on the 1997 certificates of obligation and;
WHEREAS, the City Council approved fund balances to be spent for Police laptops, Water and
Wastewater infrastructure projects and the Phase II of the Downtown Master Plan and:
WHEREAS, these circumstances have resulted in higher than anticipated expenses; and
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WHEREAS, the changes were unknown and unforeseeable at the time the fiscal year 2001/02
budget was approved; and
WHEREAS, the City Charter allows for changes in the Annual Operating Plan by a Council of
a majority plus one in emergency situations;
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, Finance Policy End 14.00, 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.
SECTION 2.
The amendment to the 2001/02 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
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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, 2001, and ending September- 30, 2002. A copy of
the amendment is attached hereto as Exhibit "A", and incorporated by reference herein.
SECTION 3.
The total of $9,994,600 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 10th day of December, 2002.
PASSED AND APPROVED on Second Reading on the 14th day of January, 2003.
ATTEST: x THE ITY OF GEORGETOWN:
7 ,
Sandra D. Lee y: Gary Nelon
City Secretary Mayor
APPROVED AS TO FORM:
4
Patricia'E Carls, Brown and Carls, L.L.P.
City Attorney
Or&. x.0045 -01
Page 2 of 3
PAAGENDA\2003\BUDGET\YE02BA ORDINANCE.DOC
Annual Operating Plan Element (Budget) Amendment
P:\ AGENDA\2003\bud®et\=2EOYBAexhi..x1s)A
.GZeaetaLD.ebf.S9 Ce -Eu=
Revenues/Sources:
Fund Balance $ (22,000)
Expenditures
Arbitrage Rebate Paid 22,000
Excess revenue over expenses S 0
SpQck"evenue FLds�SRFJ
Revenues/Sources:
Fund Balance - Main Street Fund (600)
Fund Balance - Police SRF - Seizures (52,000)
Donations - Animal Service Donations Fund (8,500)
Billing for Services - Fire Services Billing SRF (37,500)
Expenditures
Main Street Fund - expenditures 600
Police Fund - laptop expenditures 52,000
Animal Services Fund - expenditures 8,500
Fire Services Fund - equipment 37,500
Excess revenue over expenses S 0
,/Dint SeMces Funa
Revenues/Sources:
Fund Balance S (69,000)
Expenses:
Transfer to General Fund for Ph II of Downtown Master Plan 69,000
Excess revenue over expenses S 0
Electric fund
Revenues/Sources:
Electric Revenue S (1,950,000)
Expenses:
Purchased Power, ROI, franchise fees 1.950,000
Excess revenue over expenses $ 0
,Wd er Funa
Revenues/Sources:
Water Revenue S (125,000)
Expenses:
Treatment expense, ROI, franchise fees 125,000
Excess revenue over expenses $ 0
Water pLU Improvements
Revenues/Sources:
Revenue Bonds (reimbursement for bonds issued 11 /02) S (7.700,000)
Expenses:
Lake Water Treatment Plant expansion 7,700,000
Excess revenue over expenses S 0
Wastewater Capital Improvements
Revenues/Sources:
Fund Balance S (30,000)
Expenses:
Seranada Sewer Project 30,000
Excess revenue over expenses S 0
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