HomeMy WebLinkAboutOrdinances (O-06-1593)-09/19/2006
ORDINANCE 0-06-1593
AN ORDINANCE AMENDING SECTION 3 OF ORDINANCE 0-05-1540 RELATING TO
THE FISCAL YEAR 2005-2006 BUDGET, TO AUTHORIZE THE EXPENDITURE OF
$114,612 FOR THE PURCHASE OF FIRE DEPARTMENT CAPITAL EQUIPMENT AND
$1,080,000 FOR THE TRANSFER INTO A SALES TAX INCENTIVE AGREEMENT FUND
FOR THE ANNUAL PAYMENT OF THREE SALES TAX INCENTIVE AGREEMENTS
APPROVED BY RESOLUTION R-05-2541, AND PROVIDING FOR AN EFFECTIVE
DATE
WHEREAS, on August 3, 2006, the City Council directed that the following capital
equipment be purchased for the Fire Department: three cardiac monitors with
waveform capnography ($79,612) and a replacement vehicle for the 1999
Ford Explorer ($35,000), and that an allocation of $1,080,000 be transferred
into a Sales Tax Incentive Agreement Fund for the annual payments of the
three sales tax incentive agreements approved by Council in Resolution R-
05-2541 on May 3, 2005; and
WHEREAS, the City Council desires that additional funding be added to the FY 2005-
2006 General Fund budget in the amount of $1,194,612 for the
aforementioned items, and the source of the funding is greater than
anticipated revenues from sales tax and development revenues for the
acquisition of the Fire Department equipment ($114,612) and the excess
cash balance of the General Fund ($1,080,000); and
WHEREAS, the appropriation was not included in the Fiscal Year 2005-2006 Budget
approved by the City Council; and
WHEREAS, the City Council finds that the adoption 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.
THAT all of the above premises are found to be true and correct and are
hereby incorporated into the body of this ordinance as if copied in their
entirety herein.
Sec. 2.
THAT appropriations in the annual budget for Fiscal Year 2005-2006 as
adopted by Ordinance 0-05-1540 are amended to read as follows:
General Fund
Utility Fund (Water & Wastewater)
Debt Service Fund
Drainage Utility Fund
$16,130,754
$ 8,468,927
$ 2,132,271
$ 672,036
Sec. 3.
Sec. 4.
Sec. 5.
Sec. 6.
Ordinance 0-06-1593
Page 2 of 3
The additional $1,194,612 being added to the General Fund shall come from i
greater than budgeted revenues from sales tax and development revenues
($114,612) and from excess cash balance of the General Fund ($1,080,000).
THAT the City Manager be and is hereby authorized to make the appropriate
change to the budget to reflect the changes in the following accounts: Fire
Department account # 001-22-6645 - $79,612, Fire Department account #
001-22-6650 - $35,000, and City Council account # 001-14-6810 -
$1,080,000.
THAT the funding for the sales tax incentive agreements be transferred to
the a Sales Tax Incentive Agreement Fund at the close of Fiscal Year 2005-
2006 and annual payments for the sales tax incentive agreements will be
authorized to be expended from the aforementioned fund.
THAT the City Manager is hereby authorized to execute all contracts and
documents for which funding is appropriated in the aforementioned budget
amendment.
THAT the effective date of this ordinance shall be immediate upon its
passage.
AND IT IS SO ORDERED.
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CITY OF COLLEYVILLE
A;n . ~
Cynthia Singleton, TRMC
City Secretary
~
David Kelly
Mayor
Ordinance 0-06-1593
Page 3 of 3
APPROVED AS TO FORM AND LEGALITY:
~ In. ~
Matthew C. G. Boyle
City Attorney