HomeMy WebLinkAboutOrdinances (O-13-1886)-09/17/2013 ORDINANCE 0-13-1886
AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS, AMENDING ORDINANCE 0-12-1850 OF THE
GENERAL FUND BUDGET FOR THE TRANSFER OF FISCAL YEAR 2013
REVENUES RECEIVED ABOVE FISCAL YEAR 2013 BUDGETED
EXPENDITURES FOR FUTURE CAPITAL PROJECTS FROM THE
GENERAL FUND TO THE CAPITAL PROJECTS FUND ON SEPTEMBER
30, 2013; AUTHORIZING THE CITY MANAGER TO TRANSFER FISCAL
YEAR 2013 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, 2013; AND AUTHORIZING THE CITY MANAGER TO
TRANSFER UNSPENT FY 2013 GENERAL FUND BUDGET
APPROPRIATIONS FOR STREET REHABILITATION AND AUDIO
VISUAL EQUIPMENT FOR THE POLICE DEPARTMENT FROM THE
GENERAL FUND TO THE CAPITAL PROJECTS FUND ON SEPTEMBER
30, 2013
WHEREAS, the Fiscal Year 2013 (FY 2013) 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 2014-2018 Capital
Improvement Program, it is necessary to amend the FY 2013
budget to include the transfer of any General Fund revenues
received in FY 2013 over FY 2013 budgeted expenditures to the
Capital Projects Fund; and
WHEREAS, the FY 2013 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
e
capital projects, it is necessary t o amend the FY 2013 budget
to include the transfer of any Utility Fund revenues received in
FY 2013 over the amount required for the debt coverage ratio
to a reserved cash account; and
WHEREAS, the City Council desires to preserve unspent FY 2013 General
Fund budget appropriations for street rehabilitation projects
and upgraded audio visual equipment for the police
department; 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
Ordinance 0-13-1886
Page 2 of 3
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. THAT the city manager is authorized to transfer the difference
in FY 2013 General Fund revenues over expenditures from the
General Fund to the Capital Projects Fund for future capital
projects identified in the FY 2014-2018 Capital Improvement
Program on September 30, 2013.
Sec. 2. THAT the city manager is authorized to transfer the difference
in FY 2013 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, 2013.
Sec. 3. THAT the city manager is authorized to transfer unspent FY
2013 General Fund budget appropriations for street
rehabilitation (account 001-3310-6319) and $40,000 for
upgraded audio visual equipment for the police department
from the General Fund to the Capital Projects Fund for future
Projects e
street rehabilitation and the upgrade of police department
audio visual equipment on September 30, 2013.
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, 2013.
AND IT IS SO ORDERED.
The first reading and public hearing being conducted on the 3rd day of
September 2013.
" 1 1
Ordinance 0-13-1886
Page 3 of 3
The second reading and public hearing being conducted on the 17t" day of
September 2013.
PASSED AND APPROVED by the City Council of the City of Colleyville, Texas,
on this the NV day of aG, rimtbso 2013.
ATTEST: CITY OF COLLEYVILLE
11 ■k $ 1 • r--
•Amy elley, TRMC David Kelly
Y� Y
City Secretary Mayor
APPROVED AS TO FORM AND LEGALITY:
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Matthew C.G. Boyle
City Attorney
III