HomeMy WebLinkAboutORD 97-56 - Budget Year End VariancesORDINANCE NO. 1&77"5(00
AN ORDINANCE AMENDING THE 1996/97 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 in 1996/97 has resulted in greater demand for services in the
Sanitation Fund; and
WHEREAS, this increase has resulted in higher than anticipated expenditures; and
WHEREAS, unexpected costs for brush clean up for the January 1997 ice storm were incurred; and
WHEREAS, the Airport's stormwater detention budget requires adjustment to meet current year
project demands; and
WHEREAS, the 1997 Series Revenue Bonds were reclassed to the Electric Fund from the
Wastewater Fund; and
WHEREAS, an adjustment in the Electric Fund for debt service is needed to reflect the increase in
expense; and
WHEREAS, the changes were unknown and unforeseeable at the time the fiscal year 1996/97 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;
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 5.0, 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 mer 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.
1996/97 Budget Amendment No. l I
F:WGENDA\971BUDGET\BUD-AMEN.ORD
Page 1 of 3
SECTION 2.
The amendment to the 1996/97 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, 1996, and ending September 30, 1997. A copy of the amendment is
attached hereto as Exhibit A. and incorporated by reference herein.
SECTION 3.
The total of $240,000 is hereby appropriated for payments of expenditures of the funds.
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 1 lth day of November, 1997
PASSED AND APPROVED on Second Reading on the 25th day of November, 1997.
i5
ATTEST:
Sandra D. Lee
City Secretary
AS TO FORM:
Marianne Landers Banks
City Attorney
1996/97 Budget Amendment No. ` 7W5
F:WGENDA\97\BUDGEMUD-AMEN.ORD
Page 2 of 3
THE CITY OF GEORGE
By: Leo Wood
Mayor
i y
i
Annual Operating Plan Element (Budget) Amendment
Airport Fund
Revenues:
Fuel Sales $ (13,000)
Expenses:
Fuel Purchases 131000
Excess revenue over expenses
$
0
A_pr ort Fund
Revenues:
Fund Balance
$
(70,000)
Expenses:
Capital Expense - Stormwater Detention
707000
Excess revenue over expenses
$
0
Sanitation Fund
Revenues:
Garbage Revenue
$
(98,000)
Expenses:
Contracts
98,000
Excess revenue over expenses $ 0
Sanitation Fund
Revenues:
Fund Balance $ (27,000)
Expenses:
Contracts - Storm Cleanup 27,000
Excess revenue over expenses $ 0
Electric Debt Service Fund
Revenues:
Fund Balance
Expenses:
Principal Reduction & Interest Expense
Excess revenue over expenses
1996/97 Budget Amendment No.'�'
$ (32,000)
32,000