HomeMy WebLinkAboutOrdinances (ORDINANCE O-16-1988)-09/20/2016ORDINANCE 0-16-1988
AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE,
TEXAS, AMENDING SECTION 3 OF ORDINANCE 0-15-1967 OF THE
FISCAL YEAR 2016 GENERAL FUND BUDGET FOR THE TRANSFER OF
$120,000 FROM THE GENERAL FUND TO THE CAPITAL PROJECTS FUND
FOR FUTURE MANAGEMENT SUPPORT OF THE COLLEYVILLE
BOULEVARD RECONSTRUCTION PROJECT ON SEPTEMBER 30, 2016;
THE TRANSFER OF THE BALANCE OF FISCAL YEAR 2016 REVENUES
RECEIVED ABOVE FISCAL YEAR 2016 EXPENDITURES FROM THE
GENERAL FUND TO THE CAPITAL PROJECTS FUND; THE TRANSFER OF
FISCAL YEAR 2016 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, 2016; AND AUTHORIZING THE CITY
MANAGER TO TRANSFER CERTAIN UNSPENT FY 2016 GENERAL FUND
BUDGET APPROPRIATIONS FROM THE GENERAL FUND TO THE
CAPITAL PROJECTS FUND TO PRESERVE FUNDING AMOUNTS ON
SEPTEMBER 30, 2016
WHEREAS, the FY 2016 General Fund projected year end revenues are
anticipated to exceed budget; and
WHEREAS, the City Council desires to provide funding in the amount of
$120,000 for management support of the Colleyville Boulevard
Reconstruction Project, it is necessary to amend the FY 2016
General Fund budget to include the transfer of $120,000 to the
Capital Projects Fund; and
WHEREAS, the FY 2016 General Fund projected year end revenues are
anticipated to exceed budgeted revenues and the City Council
desires to provide funding for future capital projects, it is
necessary to amend the FY 2016 budget to include the transfer
of the balance of General Fund revenues received in FY 2016
over FY 2016 expenditures to the Capital Projects Fund; and
WHEREAS, the FY 2016 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 2016 budget to include
the transfer of any Utility Fund revenues received in
FY 2016 over the amount required for the debt coverage ratio to
a reserved cash account; and
Ordinance 0-16-1988
Page 2 of 3
WHEREAS, the City Council desires to preserve unspent Fiscal Year 2016
General Fund budget appropriations for contractual services for
the Community Development Department, replacement of bay
doors at fire station one, and city hall faGade lighting; 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 0-15-1967 shall be replaced in its
entirety and read as follows:
THAT appropriation amounts for the Fiscal Year 2016 budget for
the different funds of the City of Colleyville are hereby fixed as
follows:
General Fund
Utility Fund (Water & Wastewater)
Debt Service Fund
Drainage Utility Fund
$24,097,370
$15,886,362
$ 1,461,593
$ 917,997
Sec. 2. THAT the city manager is authorized to transfer the difference in
FY 2016 General Fund revenues over expenditures from the
General Fund to the Capital Projects Fund for future capital
projects on September 30, 2016.
Sec. 3. THAT the city manager is authorized to transfer the difference in
FY 2016 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,
2016.
Sec. 4. THAT the city manager is authorized to transfer unspent Fiscal
Year 2016 General Fund budget appropriations for contractual
services for the Community Development Department,
replacement of bay doors at fire station one, and city hall faGade
Ordinance 0-16-1988
Page 3 of 3
lighting, from the General Fund to the Capital Projects Fund to
preserve said funding on September 30, 2016.
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,
2016.
AND IT IS SO ORDERED.
The first reading and public hearing being conducted on the 6th day of
September 2016.
The second reading and public hearing being conducted on the 20t" day of
September 2016.
APPROVED BY A VOTE OF � AYES, � NAYS, AND O ABSTENTIONS ON
THIS THE 20T" DAY OF SEPTEMBER 2016.
Mayor Richard Newton � Mayor Pro Tem Chris Putnam �. .�
Place 1, Tammy Nakamura i� u Place 5, Nancy Coplen �c �
Place 2, Bobby Lindamood �{� .` Place 6, Mike Taylor _�
Place 4, Jody Short �
ATTEST:
Amy �helley, -
City Secretary
APPROVED AS TO FORM AND LEGALITY:
���� c�. 2
Matthew C. G. Boyle
City Attorney
Y OF COLLEYVILLE
�
Richard Newton
Mayor