HomeMy WebLinkAboutOrdinances (O-24-2310)-12/17/2024ORDINANCE 0-24-2310
AMENDING SECTION 3 OF ORDINANCE 0-23-2256 OF THE FISCAL
YEAR 2024 BUDGET AMOUNTS FOR THE TRANSFER OF GENERAL
FUND, UTILITY FUND, AND DRAINAGE UTILITY FUND OPERATING
SURPLUSES TO THE CAPITAL PROJECTS FUND, UTILITY CAPITAL
PROJECTS FUND, AND DRAINAGE CAPITAL PROJECTS FUND; AND
AUTHORIZING THE CITY MANAGER TO TRANSFER UNSPENT FY2024
BUDGET APPROPRIATIONS FROM ONE DEPARTMENT TO ANOTHER
IF EXPENDITURES IN A DEPARTMENT EXCEEDED THE ADOPTED
BUDGET ON SEPTEMBER 30, 2024
WHEREAS, FY2024 General Fund, Utility Fund, and Drainage Fund
projected year end revenues are anticipated to exceed
expenditures; and
WHEREAS, the City Council desires to provide funding for future general,
utility, and drainage capital projects; and
WHEREAS, necessary expenditures over the course of a fiscal year may
cause certain departments to either exceed the FY2024 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 FY2024
General Fund operating surplus to the Capital Projects Fund for
future capital projects on September 30, 2024.
Sec. 2. THAT the City Manager is authorized to transfer the FY2024
Utility Fund operating surplus to the Utility Capital Projects
Fund for future utility capital projects on September 30, 2024.
Sec. 3. THAT the City Manager is authorized to transfer the FY2024
Drainage Fund operating surplus to the Drainage Capital
Projects Fund for future utility capital projects on September
30, 2024.
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
Ordinance 0-24-2310
Page 2 of 2
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, 2024.
AND IT IS SO ORDERED.
The first reading and public hearing being conducted on the 3rd day of
December 2024.
The second reading and public hearing being conducted on the 17th day of
December 2024.
APPROVED BY A VOTE OF 7 AYES, 0 NAYS, ON THIS THE 17TH DAY OF
DECEMBER 2024.
Mayor Bobby Lindamood
Mayor Pro Tern Brandi Elder
Deputy Mayor Pro Tern Scotty Richardson
Kimberly Holt Gunderson, Plac
ATTEST:
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Christine Loven, TRMC
City Secretary
APPROVED AS TO FORM:
7>�d �za M
Whitt Wyatt
City Attorney
Aye Mark Alphonso, Place 2 Aye
_Aye Ben Graves, Place 4 Aye
Aye Tim Raine, Place 6 Aye
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