HomeMy WebLinkAboutORD 2023-49 - Adopting Annual BudgetORDINANCE NO. ZO Z3 - 41 q
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, ADOPTING THE ANNUAL BUDGET FOR
THE ENSUING FISCAL YEAR BEGINNING OCTOBER 1, 2023, AND
ENDING SEPTEMBER 30, 2024, IN ACCORDANCE WITH CHAPTER
102 OF THE 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 22, 2023, 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 has determined 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. p --qq Page 1 of 3
Description: Adopting 2023 Annual Budget
Date Approved: Sdikm&W17-, ZOZ3
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, 2023, and ending September 30, 2024, 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:
Fund
FY2024 Budgel
General Fund
101,346,673
Special Revenue Funds
53,635,356
Capital Projects
91,563,644
General Debt Service
39,540,846
Electric Services
136,781,952
Water Services
345,919,258
Other Enterprise Funds
26,149,274
Internal Service Funds
72,816,748
Total Expense
867,753,752
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 in accordance with the City Charter of
the City of Georgetown, Texas.
Ordinance No. ZOZ,5 - 49 Page 2 of 3
Description: Adopting 2023 Annual Budget
Date Approved: L Z, ZOL3
PASSED AND APPROVED on First Reading on the 22"d day of August, 2023.
PASSED AND APPROVED on Second Reading on the 12th day of September, 2023.
ATTEST:
THE CITYOF GEORGETOWN:
Robyn I)e .•morc By: J sh S
City Secretary ayo;
APPROVED AS TO FORM:
U ('
Skye Masson
City Attorney
Ordinance No. Z9Z3'gq Page 3 of 3
Description: Adopting 2023 Annual Budget „Z
Date Approved: 12�OZ.�