HomeMy WebLinkAboutORD 2003-87 - 2002/03 Annual BudgetORDINANCE NO. C O ""
AN ORDINANCE AMENDING THE 2002/03 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 2002/03 have resulted in greater
demand for services in the Electric Fund; and
WHEREAS, these circumstances have resulted in higher than anticipated expenses; and
WHEREAS, the Council has approved the purchase of a Pumper Trick; and
WHEREAS, increased amount of debt service is needed to facilitate the payment of the debt supported
by the Georgetown Transportation Enhancement Corporation; and
WHEREAS, the changes were unknown and unforeseeable at the time the fiscal year 2002/03
budget was approved; and
WHEREAS, the City Charter- allows for changes in the Annual Operating Plan by a Council of
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a majority plus one in emergency situations;
WHEREAS, the City Cheater 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 Statement 13.00, 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 2002/03 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, 2002, and ending September 30, 2003. A copy of
the amendment is attached hereto as Exhibit "A", and incorporated by reference herein.
SECTION 3.
The total of $2,911,000 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 25th day of November, 2003.
PASSED AND APPROVED on Second Reading on the 16th day of December, 2003.
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f(E City Secretary
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APPROVED AS TO FORM:
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Patricia T. Carls, Brown and Carls, L.L.P.
City Attorney
Or&, 1005 97
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Mayor
GEORGETOWN:
Annual Operating Plan Element (Budget) Amendment
P:\AGENDA\2003\YE02\ (YE02BAexhibit.x1s)A
!electric Fund
Revenues/Sources:
Electric Revenue S (1,975,000)
Expenses:
Purchased Power/Transfers/Franchise fees/operating 1,975,000
Excess revenue over expenses $ 0
Fire Billiial Revenue Fund
Revenues/Sources:
Transfer In Revenue - Public Safety Capital Fund (407,000)
Expenses:
Pumper Truck Expenditure 407,000
Excess revenue over expenses $ 0
Public Safety Capital Project Funs
Revenues/Sources:
Bond Proceeds (431,000)
Expenses:
Transfer out - Fire Billing 407,000
Debt Issuance Costs 24,000
Excess revenue over expenses $ 0
Debt Service Fund
Revenues/Sources:
Transfer In Revenue
Expenses:
Debt Service
Excess revenue over expenses
$ (98,000)
9U00
$ 0