HomeMy WebLinkAboutORD 2017-12 - Roll Forward & Mid Year BudgetORDINANCE NO.
AN ORDINANCE AMENDING THE FISCAL YEAR 2017 ANNUAL BUDGET
DUE TO CONDITIONS THAT RESULTED IN NEW PROGRAM
REQUIREMENTS IN THE CURRENT YEAR, AND EXCESS FUND
BALANCE AT THE END OF FISCAL YEAR 2016 DUE TO THE TIMING OF
CAPITAL PROJECTS AND OTHER EXPENDITURES APPROVED IN THE
PRIOR YEAR; APPROPRIATING THE VARIOUS AMOUNTS THEREOF;
AND REPEALING 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 2016;
and
WHEREAS, certain transfers among divisions and funds are required to allow better
budget oversight; and
WHEREAS, the various budgets need to be amended in FY2017 for these
adjustments and transfers; and
WHEREAS, certain capital improvement and other planned projects budgeted in
FY2016 were not completed in FY2016; and
WHEREAS, these certain capital improvements and other planned projects need
funds and related budget appropriations to be rolled forward into FY2017; and
WHEREAS, the General Fund, General Capital Projects Fund, Information
Technology Fund, Parks Special Revenue Fund, Downtown Special Revenue Fund,
Downtown TIRZ Special Revenue Fund, Streets Special Revenue Fund, Police Seizures
Special Revenue Fund, Stormwater Fund, and Water Services Fund have excess revenues
and FY2016 fund balances in excess of amounts projected at the time of the FY 2017
budget adoption; and
WHEREAS, Certificates of Obligation have been or will be issued to fund the capital
improvements not already included in the adopted 2017 budget; and
WHEREAS, the City Council of the City of Georgetown wishes to use those excess
funds for these new conditions in FY 2017: and
WHEREAS, the changes were unknown and unforeseeable at the time the fiscal year
2016 budget was approved; and
Ordinance Number: 2 -nn -17 -
Description: Roll -forward and Mid -Year Budget Amendment
Date Approved: February 28, 2017
Page 1 of 3
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.
SECTION 2.
The amendment to the 2017 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 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, 2016, and ending September 30, 2017.
A copy of the amendments are attached hereto as Exhibit "A".
SECTION 3.
The total of $41,093,325 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. This ordinance
complies with the vision statement of the Georgetown 2030 Plan.
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 141h day of February, 2017.
Ordinance Number: 2bt-7-12— Page 2 of 3
Description: Roll -forward and Mid -Year Budget Amendment
Date Approved: February 28, 2017
PASSED AND APPROVED on Second Reading on the 281' day of February, 2017.
ATTEST: THE CITY OF GEORGETOWN:
S Q:LL
Shelley No�71�9 By: Dale Ross
City Secretar'g Mayor
APPROVE S TO FIRM:
Char ie McNabb
City Attorney
Ordinance Number: %bl'1- 12. Page 3 of 3
Description: Roll -forward and Mid -Year Budget Amendment
Date Approved: February 28, 2017