HomeMy WebLinkAboutOrdinances (O-14-1928)-09/16/2014 ORDINANCE 0-14-1928
AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS, AMENDING SECTION 3 OF ORDINANCE 0-13-
1882 OF THE FISCAL YEAR 2014 GENERAL FUND BUDGET FOR THE
TRANSFER OF $200,000 FROM THE GENERAL FUND TO THE CAPITAL
PROJECTS FUND FOR FUTURE MANAGEMENT SUPPORT OF THE
COLLEYVILLE BOULEVARD RECONSTRUCTION PROJECT AND THE
TRANSFER OF $45,000 FROM THE GENERAL FUND TO THE VEHICLE
AND CAPITAL REPLACEMENT FUND FOR THE FUTURE UPGRADE OR
REPLACEMENT OF THE CITY'S BUILDING INSPECTION/
DEVELOPMENT SOFTWARE ON SEPTEMBER 30, 2014; TRANSFERRING
THE BALANCE OF FISCAL YEAR 2014 REVENUES RECEIVED ABOVE
FISCAL YEAR 2014 BUDGETED EXPENDITURES FROM THE GENERAL
FUND TO THE CAPITAL PROJECTS FUND FOR FUTURE CAPITAL
PROJECTS ON SEPTEMBER 30, 2014; AUTHORIZING THE CITY
MANAGER TO TRANSFER FISCAL YEAR 2014 REVENUES RECEIVED
ABOVE THOSE REQUIRED FOR THE DEBT COVERAGE RATIO IN THE
UTILITY FUND TO A RESERVED CASH ACCOUNT FOR FUTURE UTILITY
INFRASTRUCTURE PROJECTS ON SEPTEMBER 30, 2014; AND
AUTHORIZING THE CITY MANAGER TO TRANSFER UNSPENT FY 2014
GENERAL FUND BUDGET APPROPRIATIONS FOR STREET
REHABILITATION FROM THE GENERAL FUND TO THE CAPITAL
PROJECTS FUND ON SEPTEMBER 30, 2014
WHEREAS, the FY 2014 General Fund projected year end revenues are
anticipated to exceed budgeted revenues and the City Council
desires to provide funding in the amount of $200,000 for
management support of the Colleyville Boulevard
Reconstruction Project and $45,000 for the future upgrade or
replacement of the City's building inspection/development
software, it is necessary to amend the FY 2014 General Fund
budget to include the transfer of $200,000 to the Capital
Projects Fund and $45,000 to the Vehicle and Capital
Replacement Fund; and
WHEREAS, the FY 2014 General Fund projected year end revenues are
anticipated to exceed budgeted revenues and the City Council
desires to provide additional funding for the future capital
projects identified in the FY 2015-2019 Capital Improvement
Program, it is necessary to amend the FY 2014 budget to
include the transfer of the balance of General Fund revenues
received in FY 2014 over FY 2014 budgeted expenditures to the
Capital Projects Fund; and
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Ordinance 0-14-1928
Page 2 of 4
WHEREAS, the FY 2014 Utility Fund projected year end revenues are
anticipated to exceed the amount required for the debt
coverage ratio in the Utility Fund and the City Council desires
to provide additional funding for future utility infrastructure
capital projects, it is necessary to amend the FY 2014 budget
to include the transfer of any Utility Fund revenues received in
FY 2014 over the amount required for the debt coverage ratio
to a reserved cash account; and
WHEREAS, the City Council desires to preserve unspent Fiscal Year 2014
General Fund budget appropriations for street rehabilitation
projects; and
WHEREAS, all statutory and constitutional requirements for the passage of
this ordinance have been adhered to, including but not limited
to the Open Meetings Act; and
WHEREAS, the City Council determines that the passage of this ordinance
is in the best interests of the health, safety and welfare of the
public.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF COLLEYVILLE, TEXAS:
Sec. 1. Section 3 of Ordinance 0-13-1882 shall be replaced in its
entirety and read as follows:
THAT appropriation amounts for the Fiscal Year 2014 budget
for the different funds of the City of Colleyville are hereby fixed
as follows:
General Fund $21,778,967
Utility Fund (Water & Wastewater) $13,176,572
Debt Service Fund $ 1,685,797
Drainage Utility Fund $ 873,519
Sec. 2. THAT the city manager is authorized to transfer the difference
in FY 2014 General Fund revenues over expenditures from the
General Fund to the Capital Projects Fund for future capital
projects identified in the FY 2015-2019 Capital Improvement
Program on September 30, 2014.
Ordinance 0-14-1928
Page 3 of 4
Sec. 3. THAT the city manager is authorized to transfer the difference in
FY 2014 Utility Fund revenues over the amount required for the
debt coverage ratio in the Utility Fund to a reserved cash account
for future utility infrastructure capital projects on September 30,
2014.
Sec. 4. THAT the city manager is authorized to transfer unspent Fiscal
Year 2014 General Fund budget appropriations for street
rehabilitation (001-3310-6319) from the General Fund to the
Capital Projects Fund for future street improvements on
September 30, 2014.
Sec. 5. THAT in the event that expenditures in a department exceed the
adopted budget for that department, the city manager is
authorized to transfer all or part of the unencumbered
appropriation balance from one department to another per the
Charter of the City of Colleyville, Section 9.04 (D).
Sec. 6. THAT the effective date of this ordinance shall be September 30,
2014.
AND IT IS SO ORDERED.
The first reading and public hearing being conducted on the 2nd day of
September 2014.
The second reading and public hearing being conducted on the 16th day of
September 2014.
PASSED AND APPROVED by the City Council of the City of Colleyville, Texas,
on this the lio-b day of e.19-t-e-tu.-ber 2014.
• TTEST: CITY OF COLLEYVILLE
A1, 10
• my elley, '" M David Kelly
City Secretary Mayor
Ordinance 0-14-1928
Page 4 of 4
APPROVED AS TO FORM AND LEGALITY:
A\k\-4 flft"
Matthew C. G. Boyle
City Attorney
III