1235A ORDINANCE NO. 1235A
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS, REVISING THE BUDGET FIGURES
FOR FISCAL YEAR 2021, BEGINNING OCTOBER 1, 2020,
AND TERMINATING SEPTEMBER 30,2021,AND MAKING
APPROPRIATIONS FOR EACH DEPARTMENT, PROJECT
AND ACCOUNT; REPEALING CONFLICTING
ORDINANCES; PROVIDING A SAVINGS AND
SEVERABILITY CLAUSE; AND DECLARING AN
EFFECTIVE DATE.
WHEREAS,the City Manager has prepared a revision of certain figures in the 2021
budget which was approved by City Council with Ordinance No. 1235 on September 15,
2020 and submitted same to the City Council; and,
WHEREAS, a copy of said amendment is attached hereto as Exhibit "A" and
incorporated herein for all purposes; and
WHEREAS, the City Council has studied the Budget Amendment and has
determined that the Budget Amendment attached hereto is in the best interest of the City.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF SOUTHLAKE,TEXAS:
Section 1. That all of the above premises are found to be true and correct and
are incorporated into the body of this Ordinance as if copied in their entirety.
Section 2. That the revised figures, prepared and submitted by the City
Manager for the 2021 budget, be, and the same are hereby, in all things, approved and
appropriated, and any necessary transfers between accounts and departments are hereby
authorized, approved, and appropriated.
Section 3. That the Budget Amendment attached hereto as Exhibit "A" and
incorporated herein for all purposes is adopted for the Fiscal Year beginning October 1,
2020 and ending September 30, 2021; and there is hereby appropriated from the funds
indicated such projects, operations, activities, purchases and other expenditures as
proposed in the Budget.
Section 4. That the City Manager has determined that there are necessary
revenue and expenditure adjustments to those estimated in the 2021 approved budget.
Section 5. That any and all ordinances, resolutions, rules, regulations, policies
or provisions in conflict with the provisions of this Ordinance are, hereby repealed and
rescinded to the extent of conflict herewith.
Section 6. If any section, article, paragraph, sentence, clause, phrase or word
in this Ordinance, or application thereto any person or circumstances is held invalid or
unconstitutional by a Court of competent jurisdiction, such holding shall not affect the
validity of the remaining portions of this Ordinance; and the City Council hereby declares
it would have passed such remaining portions of this Ordinance despite such invalidity,
which remaining portions shall remain in full force and effect.
Section 7. That the necessity of adopting and approving a proposed budget for
the next fiscal year as required by the laws of the State of Texas requires that this Ordinance
shall take effect immediately from and after its passage, and it is accordingly so ordained.
PASSED AND APPROVED on first reading this / 7 day of
N, go.n kr ,2020.
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PASSED AND APPROVED ON second reading this day of
Oe ler ,2020. /
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APPROVED AS TO FORM:
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City Attorney
Date: (2l t I )-()
Adopted: 1'2/[ 1 I 2.4p
Effective: 12/161 1,u
GENERAL FUND
Economic Investment Fund
2021 Amended Budget
$Increase/
2019 2020 2021 2021 (Decrease)
Actual Estimated* Adopted Amended Adopted
REVENUES
Interest 45.507 29 110 30,000 30.000 0
Total Revenues $45,507 $29,110 $30,000 $30,000 $0
EXPENDITURES
Operations $0 $0 $50.000 $1..050 000 1,000,000
Capital 0 0 0 0 0
Total Expenditures $0 $0 $50,000 $1,050,000 $1,000,000
Net Revenues $45,507 $29,110 ($20,000) ($1,020,0001 ($1,049110)
Transfer from other funds $150,000 $1,150,000 $150.000 $150,000
Transfer to other funds ($0) ($0) ($0) ($0)
Total Other Sources/(Uses) $150,000 $1,150,000 $150,000 $150,000
Beginning Fund Balance $2,237,211 $2,432,718 $3,611.828 $3,611,828
Ending Fund Balance $2.432.718 $3.61t828 $3,741,828 $2,741,828
*Estimated fiscal year end totals including an additional $1,000,000 transfer from General Fund
AMENDED BUDGET 2021
ALL FUNDS SUMMARY
Spacial Special Technology
Special Revenue Revenue Special Storm Strategic Facility Infrastructure/ Economic Commercial Hotel Court Cour) Red Light
General Uglily Debt Service Revenue Park Parket Revenue TIF Operating Crime Control Vehicle Water Initiative Maintenance Security Investment Vehicle Occupancy Security Technology CAmere Public AT Recycling
Baal Ear0 E3.0 Reloraslaller QWkdBao B88Me1a8 558589 Egad Dlategl FimS B90lacammt 52.5032 Gang EgoS EBBS EBBS Benson! EBBS hood ELBA Emil EgBG Emil GEDSLEsindli IIEDGEwida Laid
Protected Revenues $46,433,915 130.193,800 $5,933,283 $5,500 $95,000 $32,250 $4,125 $9,964,195 51,181,330 $118,000 $1,575,800 $35,000 $50,000 $455,000 $30,000 $25,100 $402,320 $23,500 $24,500 $5,000 $5,000 $6,500 $1,631,136 $2350,824 $112,194,2/6
PMujated Eependtures $42,513,906 $25,805,420 $2690036 525,000 $0 $72,500 $4000 510,441,383 11.742,030 $2,233,000 $629,336 1150,000 $660,510 $805,000 $1050,000 $153,374 $846,912 559.241 537,830 $157,705 508,100 $3,000 56,627,167 54,382,912 $106,176,360
NO N.v..aee 5'r m^II MINIUM 11.16$.1691 113.6101 IMMO OtlmO SUM Milan 14& (1211150001 MIMI 111160Y01 010,310 mural SIM= 1112.211 011th OrI3l1I SLIM O113& 1 Min) /UM 611916(12 WI= 66617.112
Taal Uhar 5442300(uvs) ($3,8090008) 42.331,152) 1114,609 10 $0 50 $0 50 (571.493) $500,000 41482641) ($51O,060) $1,000,000 11.501000 $150,000 $150,000 ($16,093) 50 $0 $0 (0100,000) $0 ($305269) ($2,293,353) ($7,450,060)
Estimated Fund Balance/
Working Capital9/30/26 $10,515,542 $16,535,282 $4,654,735 $30,732 $1,242,256 $133,492 59.653 94.619401 $4,148392 12794,280 $1,295,910 94,535,801 58,790,497 $5,909,131 $3,611828 $63,526 51,608,736 5391,024 $281214 3691,036 $496991 569.853 59022098 $10396.099 996,847.509
Estimated Fund Balanced
Working Capital 990121 $10,626,545 519,191,810 $3,064,591 $11,732 $1,137.71 $53,217 50.775 $4,136,213 54,122,199 56179,280 $754,734 53,910,801 $4,179,887 $7,059,131 $2,741,828 185952 $1,144,061 $355,283 $267,884 $538,331 $333,891 573,353 $9,727,396 511,070,658 $86,015,425