HomeMy WebLinkAboutOrdinances (Ordinance O-18-2058)-09/18/2018ORDINANCE 0-18-2058
AN ORDINANCE AMENDING SECTION 3 OF ORDINANCE 0-17-2028 OF
THE FISCAL YEAR 2018 BUDGET AMOUNTS FOR THE TRANSFER OF
GENERAL FUND AND UTILITY FUND OPERATING SURPLUSES TO THE
CAPITAL PROJECTS FUND AND UTILITY CAPITAL PROJECTS FUND;
FOR THE CREATION OF A DRAINAGE CAPITAL PROJECTS FUND; AND
AUTHORIZING THE CITY MANAGER TO TRANSFER UNSPENT FY 2018
BUDGET APPROPRIATIONS FROM ONE DEPARTMENT TO ANOTHER IF
EXPENDITURES IN A DEPARTMENT EXCEEDED THE ADOPTED BUDGET
ON SEPTEMBER 30, 2018
WHEREAS, FY 2018 General Fund and Utility Fund projected year end
revenues are anticipated to exceed expenditures; and
WHEREAS, the City Council desires to provide funding for future general and
utility capital projects; and
WHEREAS, the City Council desires to create a Drainage Capital Projects
Fund to provide clarity between drainage operating costs and
drainage capital costs, as well as available fund balances; and
WHEREAS, necessary expenditures over the course of a fiscal year may
cause certain departments to either exceed the FY 2018 original
budget or conclude the year under -budget, and it is required that
original budget appropriation amounts be amended accordingly.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF COLLEYVILLE, TEXAS:
Sec. 1. THAT the city manager is authorized to transfer the FY 2018
General Fund operating surplus to the Capital Projects Fund for
future capital projects on September 30, 2018.
Sec. 2. THAT the city manager is authorized to transfer the FY 2018
Utility Fund operating surplus to the Utility Capital Projects Fund
for future utility capital projects on September 30, 2018.
Sec. 3. THAT the city manager is authorized to create a Drainage Capital
Projects Fund by transferring the FY 2018 Drainage Fund
operating surplus and excess operating reserves to a new
Drainage Capital Projects Fund for future drainage capital
projects on September 30, 2018.
Ordinance 0-18-2058
Page 2 of 2
Sec. 4. 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. 5. THAT the effective date of this ordinance shall be September 30,
2018.
AND IT IS SO ORDERED.
The first reading and public hearing being conducted on the 4th day of
September 2018.
The second reading and public hearing being conducted on the 18th day of
September 2018.
APPROVED BY A VOTE OF 7 AYES, 0 NAYS, AND 0 ABSTENTIONS ON THIS
THE 18TH DAY OF SEPTEMBER 2018.
Mayor Richard Newton
Aye Mayor Pro Tern Bobby Lindamood Aye
Place 1, Tammy Nakamura
Aye Place 5, Chuck Kelley Aye
Place 3, Kathy Wheat
Aye Place 6, Callie Rigney Aye
Place 4, George Dodson
Aye
ATTEST:
Christine Loven, TRMC
City Secretary
APPROVED AS TO FORM AND LEGALITY:
Whitt L. Wyatt
City Attorney
SO F COLLEYVILLE
Richard Newton
Mayor