HomeMy WebLinkAboutOrdinances (ORDINANCE O-15-1966)-09/15/2015 ORDINANCE 0-15-1966
AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS, AMENDING SECTION 3 OF ORDINANCE 0-14-
1929 OF THE FISCAL YEAR 2015 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 ON
SEPTEMBER 30, 2015; TRANSFERING THE BALANCE OF FISCAL YEAR
2015 REVENUES RECEIVED ABOVE FISCAL YEAR 2015
EXPENDITURES FROM THE GENERAL FUND TO THE CAPITAL
PROJECTS FUND FOR FUTURE ENHANCEMENTS TO STATE HIGHWAY
26 ON SEPTEMBER 30, 2015; AUTHORIZING THE CITY MANAGER TO
TRANSFER FISCAL YEAR 2015 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, 2015; AND
AUTHORIZING THE CITY MANAGER TO TRANSFER UNSPENT FY 2015
GENERAL FUND BUDGET APPROPRIATIONS FOR STREET
REHABILITATION FROM THE GENERAL FUND TO THE CAPITAL
PROJECTS FUND ON SEPTEMBER 30, 2015
WHEREAS, the FY 2015 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, it is necessary to amend the FY 2015
General Fund budget to include the transfer of $200,000 to the
Capital Projects Fund; and
WHEREAS, the FY 2015 General Fund projected year end revenues are
anticipated to exceed budgeted revenues and the City Council
desires to provide funding for future enhancements to State
Highway 26, it is necessary to amend the FY 2015 budget to
include the transfer of the balance of General Fund revenues
received in FY 2015 over FY 2015. expenditures to the Capital
Projects Fund; and
WHEREAS, the FY 2015 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 2015 budget
Ordinance 0-15-1966
Page 2 of 3
to include the transfer of any Utility Fund revenues received in
FY 2015 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 2015
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 0-14-1929 shall be replaced in its
entirety and read as follows:
THAT appropriation amounts for the Fiscal Year 2015 budget
for the different funds of the City of Colleyville are hereby fixed
as follows:
General Fund $23,228,218
Utility Fund (Water & Wastewater) $14,005,640
Debt Service Fund $ 1,382,192
Drainage Utility Fund $ 1,121,825
Sec. 2. THAT the city manager is authorized to transfer the difference
in FY 2015 General Fund revenues over expenditures from the
General Fund to. the Capital Projects Fund for future
enhancements to State Highway 26 on September 30, 2015.
Sec. 3. THAT the city manager is authorized to transfer the difference
in FY 2015 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, 2015.
Ordinance 0-15-1966
Page 3 of 3
Sec. 4. THAT the city manager is authorized to transfer unspent Fiscal
Year 2015 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, 2015.
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, 2015.
AND IT IS SO ORDERED.
The first reading and public hearing being conducted on the 1st day of
September 2015.
The second reading and public hearing being conducted on the 15th day of
September 2015.
PASSED AND APPROVED by the City Council of the City of Colleyville, Texas,
on this the IJP day of t•c e.,rkber 2015.
ATTEST: CITY OF COLLEYVILLE
.Amy g elley, • MC David Kelly
City Secretary Mayor
APPROVED AS TO FORM AND LEGALITY:
LA70,P
Matthew C.G. Boyle jae, L . S ooI L/
City Attorney ss't C, 1 r0/she
1oyleJLowrt, LU