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HomeMy WebLinkAboutORD 2016-11 - Roll-Forward & Mid-Year Budget01 (I — h ORDINANCE NO. C ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT THEREWITH. WHEREAS, certain mid -year adjustments are required to accommodate timing and changing conditions due to growth and capital improvements that occurred during FY 2014/15; and WHEREAS, certain transfers among divisions and funds are required to allow better *udaet oversiqht that made evident during FY 2014/15; and WHEREAS, the various budgets need to be amended in FY 2015/16 for these ?-djustMents and transfers; and WHEREAS, certain capital improvement and other planned projects budgeted in FY 2014/15 were not completed in FY 2014/15; and WHEREAS, these certain capital improvements and other planned Projects need I iunds and related budget appropriations to be rolled forward into FY 2015/16; and WHEREAS, the General Fund, General Capital Projects Fund, Parks Special Revenue Fund, Downtown Special Revenue Fund, Downtown TIRZ Special Revenue Fund, Facilities Fund, Electric Fund, and Water Services Fund have excess revenues and 2014/15 fund balances in excess of amounts projected at the time of the FY 2015/16 budget adoption-, and WHEREAS, Certificates of Obligation have been or will be issued to fund the capital .mprovements not already included in the adopted 2015/16 budget; and WHEREAS, the City Council of the City of Georgetown wishes to use those excess funds for these new conditions in FY 2015/16; and WHEREAS, the changes were unknown and unforeseeable at the time the fiscal year 2014/15 budget was approved-, and kluriber�._�ECW Date Approved: February 9, 2016 WHEREAS, the City Charter allows for changes in the Annual Operating Plan by P - Council majority plus one in emergency situations; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, THAT: a part hereof, as if copied verbatim� The amendment to the 2015/16 Annual 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 charges against said City for the fiscal year beginning October 1, 2015, and ending September 30, 2016. A copy of the amendments are attached hereto as Exhibit "A" and Exhibit "B" and incorporated by reference herein. The total of $31,447,900 is hereby appropriated for payments of expenditures and payments 0 the funds and included in the Exhibit "A" and Exhibit "B". 61:1011111111i'LL111 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. This ordinance complies with the vision statement of the Georgetown 2030 Plan. 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 severab e. The Mayor is hereby authorized to sign this ordinance and the City Secretary to attest. This sriiNaa shaMec*me effective YA#A 24,1*•titA*f its seA-#,Ai 2A4 kc2l re2lift • 9 • *f the City of Georgetown, Texas. Ordinance Number: amp -_t k Page 2 of 3 UMM, &T-WIMMIA laummmil�*w I Date Approved: February 9, 2016 ATTEST: TT H OF GEORGETOWN: n 1 ,A Shelley Nowli By: Dale Ross City Secretan Mayor APPROVED AS TO FORM: zjKye masson Acting City Attorney Ordinance Number: '-L ©1 co — t Page 3 of 3 Description: Roll -forward and Mid -Year Budget Amendment Date Approved: February 9, 2016 EXHIBIT A Revenues/Sources: Fund Balance $ (4.008.000 Expenditures: RiverySheraton Garage 4.008,000 Excess revenue over expenditures &ecial Revenue Funds Revenues/Sources: Paramedic Revenues (284.000) Expenditures: Paramedic Program 284.000 Excess revenue over expenditures Facilities Fund Revenues/Sources: Fund Balance $ (10.080) Expenditures: Facilities Contracts 10.000 Excess revenue over expenditures Electric Services Fund Fund Balance $ (223.900) Expenses: Transfer Out - Westside Service Center 223.800 Excess revenue over expenses Stormwater Fund Revenues/Sources: Bond Proceeds $ (245.000) Expenses: Equipment 245,000 Excess revenue over expenses $=======0= Water Services Fund Revenues/Sources: Tmnsfem|n-E|ectric $ (223,900} Fund Balance (1�87,680) Expenses` Westside Service Center 505,500 SVVBypass Water Line 1,106.000 Excess revenue over expenses Total Budget Amendment $ 6,38Z400 Wx -11 -.1 k Is it Forwards General Fund Revenues/Sources: Fund Balance- prior year approved projects $ (280,000) Expenditures: Traffic Signal - Williams Dr. & Jim Hogg Rd. 232,000 Police Equipment Replacement 37,000 N. Austin Ave. Sidewalks 11,000 Excess revenue over expenditures $ 0 General Capital Protects Fund Revenues/Sources: Fund Balance- prior year CO bond proceeds $ (4,188,000) FEMA Grant - EOC Siren (449,899) Fund Balance- prior year approved projects (973,101) Expenditures: Parks 3,824,000 Downtown Facilities 487,000 Public Safety Facilities 1,300,000 Excess revenue over expenditures $ 0 Special Revenue Funds Revenues/Sources: Fund Balance $ (288,500) Expenditures: Parks SRF 218,000 Downtown SRF 46,000 Downtown TIRZ 24,500 Excess revenue over expenditures $ 0 Electric Fund Revenues/Sources: Fund Balance - prior year approved projects $ (4,960,000) Expenses: CIS System 4,250,000 Electric Substation 598,000 Communication Equipment 112,000 Excess revenue over expenses $ 0 Water Services Fund Revenues/Sources: Fund Balance - prior year approved projects $ (13,926,000) Expenses: Water Infrastructure Improvements 8,653,000 Asset Management 71,000 Wastewater Infrastructure Improvements 5,202,000 Excess revenue over expenses $ 0 Total Budget Amendment $ 25,065,500 C:\Program Files (x86)\neevia.com\docConverterPro\temp\NVDC\EFD892B7-0537-4699-A784- 2CFC39221 B75\PDFConvert.1 8607.1.2016—BA—Roliforward—Exhibit—B