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Home My WebLink AboutORD 2017-50 - 2018 Annual BudgetORDINANCE NO. ACAS -12 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, ADOPTING THE ANNUAL BUDGET FOR THE ENSUING FISCAL YEAR BEGINNING OCTOBER 1, 2017, AND ENDING SEPTEMBER 30, 2018, IN ACCORDANCE WITH CHAPTER 102, LOCAL GOVERNMENT CODE; APPROPRIATING THE VARIOUS AMOUNTS THEREOF; REPEALING CONFLICTING ORDINANCES AND RESOLUTIONS; INCLUDING A SEVERABILITY CLAUSE; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the City Council has reviewed all priorities, goals and strategies to be included in the Annual Budget for the upcoming fiscal year; and WHEREAS, the City Council has received the Proposed Budget and a copy of such Proposed Budget and all supporting schedules have been filed with the City Secretary of the City of Georgetown; and WHEREAS, in accordance with Section 102.006 of the Texas Local Government Code, a public hearing was held on August 15, 2017, concerning such Proposed Budget; providing an opportunity for all interested taxpayers and citizens to be heard for or against any item or amount therein; and WHEREAS, the City Council of the City of Georgetown is of the opinion that the Proposed Budget should be approved and adopted as the City's Annual Budget for the ensuing fiscal year; 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. Ordinance No. Olt_ 50 Page 1 of 3 Description: Adopting 2018 Annual Budget Date Approved: q I I 1 I D, 011 SECTION 2. The Annual Budget of the revenues of the City of Georgetown and expenses of conducting the affairs thereof, providing a financial plan for the ensuing fiscal year beginning October 1, 2017, and ending September 30, 2018, as submitted to the City Council by the City Manager of said City, and the same is in all things adopted and approved as Exhibit "A — All -Funds Summary" incorporated by reference herein. SECTION 3. The amounts indicated for the following funds are hereby appropriated for payments of expenditures and payments of the individual funds: Airport Fund 3,799,024 Electric Fund 79,139, 305 Facilities Maintenance Fund 3,412,962 Fleet Management Fund 6,435,278 General Capital Projects 48,551,383 General Debt Service 16,621,744 General Fund 63,246,622 Information Services Fund 6,668,778 Joint Services Fund 16,739,967 Self -Insurance Fund 7,798,248 Revenue Fund 30,709,621 �Special Stormwater Drainage Fund 4,002,758 Water Services Fund 49,701.,980 Total for FY2018 336,827,670 SECTION 4. Adoption of this ordinance authorizes the City Manager to transfer monies set aside for salary adjustments in the various operating funds to departments as needed for these purposes. SECTION 5. 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 6. 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 7. 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. Ordinance No. Zocl 5 O Page 2 of 3 Description: Adopting 2018 Annual Budget Date Approved: _ aI 17-1 aC717 PASSED AND APPROVED on First Reading on the 22 day of August, 2017. PASSED AND APPROVED on Second Reading on the 12 day of September, 2017. ATTEST: THE CITY OF GEORGETOWN: Shelley Nowlin By: Dale Ross City Secretary Mayor APPROVED AS TO FORM: Charles McNabb City Attorney Ordinance No. Qon 50 Page 3 of 3 Description: Adopting 20,18 Annual Budget Date Approved: ar �v1 6.9ln.l.g F..d M... u,305jH 11,155,457 21,666,2x4 10,575,173 2,032.696 12,326,170 14101,4117 627,920 9,414,095 B -d Proceeds 42,737,000 - - 5M%0,0p0 6,537,000 - 1,050,000 - CapitalflecoveryFee 2,142,500 2,142,500 Charges for Services 16,641,663 2,087,555 352,500 - - - 16,401,628 Development and P -ft Fees 3,922,000 2,553,500 - 1,368,500 Franchise Fees 5,203,963 5,203,863 Interest 627,253 2,000 177,575 156,00 20,000 48,310 192,315 9,9,000 975 21,000 Inteduntl Tranfers-801, Etc, 20,222b10 8,852,835 00 2,2,059 3,080,032 9896161613 6p71,090 Other Revenue 46,469,170 4,140, 842 11,332,718 3,500,000 Alf&= 5,516,250 3,770,826 17,MA532 Parts and Sec Fees 2,561,220 2,564,220 , Property Tax 2x,033,429 13,404000 1,091,]17 13,541,712 - SalesTaB 25,306,750 14,300,500 11,506,250 Special lmpr...... t Fees 37,300 - 3],000 Utility Revenue 116,634,159 8,824,500 {7,595,130 38,623,195 3,391,325 Gr..t NMv.w6^ 452gp _ 6,1y770 MVf0_ 7JI'm 1aM Teta[ 317 33 ia-4432§4T14LMA45 BAGCln Capitallrnpr...... ts H,313,2p 442,914 46,752,383 - 225,000 1,155,000 MIA 1 - C.".,4yServices & Finances 61,373,330 11,376,206 1,182,658 - 19,320,996 CBO Credits j7,050,030j - - {7,347;0001 0ebtlssuance Cost 20,100 16,800 3,41Fq DeM Payments 11,S2L,13L - 16,621,744 1,697,169 ;427453 57 j,770 Development&Planning 1,L2P.7 F0 2,]59,352 2,226,206 - 633A92 Fire F9F10A11 13,438,450 2,211,568 - - GEOCO 6,91'3,T3{ 6,988,798 - GeorgetownUtilitySyst- 115.469.5x512,656,5]] 14941,581 35,107,136 41,955,0416,20%5699,719'm GTEC 4,521,321 - 4572,091 - - - InterfundTransfers 1,611,111 1,]39,523 ],377,580 1,]99,000 92,600 3,264,486 307,423 M.g Id3n11neene SerTy 45 11,626,72/ 6,275,562 - - 11,350,664 PeFnl 13,062,920 15,000,953 82,967 - Rwlhleedp-y Tim f{l 1x7 _ L6L127 a x41.1 n 6 1[y ll 361 fis' 4*4Kj6e.. TA"M agggw Ending Fued Ml-. 64,726,536 9,902,000 17,526,192 669,799 2,052,396 14625,903 14,559,370 IMy266 7,396,112 Arteri31 Olu9vllxsn 754000 750,000 - - 11-14. PaypA Relervt• 252,300 252,000 f0tv,pelley 22,294,]29 8,504000 598,085 L607,BB2 5,125,300 6,000,300 463,158 - CorRirynircy711Loft30Bry 1,643,750 - 1,643,750 Ft4nnOnit Siehday Rel4ryh 1,]50,000 1,150,000 - 0188 63],100 - W2rpi0 Minim mcnolingeiuT 25AN 25,000 - Pavpet.e16-- 3M " 356,659 - 8314 Slablgr.11.e 6,762,260 5,500,000 - ;767,7x0 R44eiv. MTM 153,327 - 153,327 ![nerv4rf Bend lYelrSMs 4,150,300 4,150,300 , nnmvalw t3oelt 1.4{1027 962,424 - 4)6551 Available Fund MI... 25,094,226 00 9,017,224 ' 716,466 445,016 903 6,559,370 352,555 1[01p3 m Beginning Fund Balance_ _ _-_-- - -- M11105,509 3145ia57 _- - I3660Ln - - 10572,171 2,0n916 12aMM 1410t,9D2 637.220 9.414097 Bond Proceeds 47,732,000 35,150,900 05571000 ]�150fg0 CAVW Re[ ,F.4 1,147,1-0 2,142,s00 - Oharg431ev5enie.2 Development and Parmlt Fees ]amt,6a3 3,922,000 7p417,g55 2,553,500 352,500 - 1,368,500 - 1 40401,620 Franchise Fees 5,203,"89 5,203,863 - - - - - - Interest 627,173 2,000 177,575 156,000 20000 4kA" 177,305 41977 21,000 Interfund Tranfers - ROI, Etc 70,222,010 ge37,us 2000,059 - 308.032 Kul 34,617 %ow 6,07[,070 Other Revenue 0,067,170 4,140,847 17,332,71! ]}a0,dao 3,165,000 5,510¢50 3,T1b,02a 17,013,532 Parks and Rec Fees 71564,377 1,564,220 vi 00r�rv'r.. 70,033,479 13,4MOW 1,091,711- Sarps Fes 25,006,750 141300,600 11,.26]50 Special Imp vement Fees 11,007 - 37,000 -- UtilityRevenue ]10,534,159 012A,SM - - 61,595,139 30.6231t95 14391-125 - _GrAnrRrrv.ur 402,040 _ 61j50 106710 735,000 0nrid Tpyl iii 04-,{97 GILMM 2 _ 1 0417" 7I WM 44A0,443--_ 170 _ i47� [0µ10t ' l0,717,Isi LM293 1"Mm 48.551.383 %W11,900 13,205,000 1,7/01000 5,721"g Dear-s-te Casa 11444143 - 4362¢90 15,000 6.000 5.900 Oeht Pavmenr6 2.sN,76f LU55,S17 15,259,046 4.117027 5.284,579 704,340 - lnlarfvndlransfen .2211i 386,000 72290 32,00 52000 }0000 30,900 Operations 153,22,7}0 26,977,7511 14,914,725 - 70197,503 76,399,SM 4j4475y 7kT3B,116 14Ho nrl 6 571 54067 73 7,7 ia75�775 4,700017 537,1& 1177 Or+M To1412Iw7A7Q 6S.M11122 31111.111INKal 701 1 'A1i 2Y 139 705 q 701900 7001 H3 n 283 Lions rynd We- 64,720510 7,!0{000 a7,F7r,172 269,795 7,057J1r 10775198- 14,SS9.1M 1,19k26i ;1p0y117 Bantft PavpyL ReMnp4 251000 75L000 - - - - - Contingency, 27,19{,115 8,900000 Males - I,W7,842 5,12S,000 6JUMOOD afiLLSE Contingency 25% of Op Rev 1,643,750 - 1,648,750 FAcmarnIc Stability aetarve 1,15 mo 1150,070 IdRR {lump Maintenance Contingency_ 25,000 25,000 Perpetual Reserve 11:56 69 - 350,859 - ReseM1dBondProceeds 4,1W,000 - 4,150.207 Resomd far Capital 11464,097 90,624 9evrvei4r TIA Is7,n}Rate Stabilization Arterial Reservation 6,727,240. 750,000 - 750,000 S.SOQ000 _BD Avemblof-d Wane 2i3OW,TiA i% 7p17,224 ?Lkaaa 547,911 to 4;Ti9.F0