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Item 7A Ordinancet +%] of Q^11 +hl- lL 7­ ­ --1 ... , MEMORANDUM December 29, 2010 TO: Shana Yelverton, City Manager FROM: Sharen Elam, Director of Finance SUBJECT: Ordinance No. 889; 2 nd Reading, Approving and adopting the Annual Budget for the Fiscal Year 2005 -06 and approving the revised budget figures for the Fiscal Year 2004 -05 and Multi -year CIP. Action Requested: Approval of Ordinance No. 889, on 2 nd reading, Adopting and approving the Annual Budget for Fiscal Year 2005 -06 and approving the revised budget figures for the Fiscal Year 2004 -05. Background Information: Presented to the City Council for consideration are the FY2005 -06 budget and the revised budget for FY2004 -05 and multi -year CIP. This budget summarizes the plan of municipal operations and capital projects for the fiscal year that begins October 1, 2005. The proposed budget was presented to City Council during two budget work sessions on August 23 and 30 also via staff s budget video. The summary budget information presented and attached to Ordinance No. 889 reflects the information presented during both budget work sessions. On September 6, 2005 the proposed budget was approved as presented on 1 St reading. Financial Considerations: The budget proposed a tax rate of $0.462 with total revenues of $54,234,463 and total expenditures of $53,917,203. Citizen Input/ Board Review: A Public Hearing is scheduled for September 6, 2005 and September 20, 2005 with the 1 St and 2 nd Reading of Ordinance No. 889, respectively. Legal Review: None required Alternatives: In the absence of approving and adopting the proposed budget for FY2005 -06, per the City Charter, the amount appropriated for the current fiscal year shall be deemed adopted for the ensuing fiscal year on a month to month basis with all items in it pro -rated accordingly until such time as the Council adopts a budget for the ensuing fiscal year. Ordinance No. 889 December 29, 2010 page 2 Supporting Documents: Ordinance No. 889 Fiscal Year 2005 -06 Proposed Budget and Fiscal Year 2004 -05 Revised Budget summary and multi -year CIP Staff Recommendation: Approval of Ordinance No. 889, 2nd reading, adopting and approving the Annual Budget for Fiscal Year 2005 -06 and approving the revised budget figures for the Fiscal Year 2004 -05 and multi -year CIP. ORDINANCE NO. 889 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS, APPROVING REVISED BUDGET FIGURES FOR FISCAL YEAR 2004 -05; APPROVING AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2005, AND TERMINATING SEPTEMBER 30, 2006, 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 2004 -05 budget and submitted same to the City Council; and, WHEREAS, the City Manager of the City of Southlake, Texas (hereinafter referred to as the "City ") has caused to be filed with the City Secretary a budget to cover all proposed expenditures of the government of the City for the fiscal year beginning October 1, 2005, and ending September 30, 2006, (hereinafter referred to as the 'Budget "); and WHEREAS, the Budget, a copy of which is attached hereto and incorporated herein for all purposes, shows as definitely as possible each of the various projects for which appropriations are set up in the Budget, and the estimated amount of money carried in the Budget for each of such projects; and WHEREAS, the Budget has been filed with the City Secretary for at least thirty (30) days and available for inspection by any taxpayer; and WHEREAS, public notice of public hearings on the proposed annual budget, stating the dates, times, places and subject matter of said public hearings, was given as required by the Charter of the City of Southlake and the laws of the State of Texas; and WHEREAS, such public hearings were held on September 6, 2004 and September 20, 2004, prior approval of such dates being hereby ratified and confirmed by the City Council, and all those wishing to speak on the Budget were heard; and WHEREAS, the City Council has studied the Budget and listened to the comments of the taxpayers at the public hearings held therefore and has determined that the Budget 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 2004 -05 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 attached hereto and incorporated herein for all purposes is adopted for the Fiscal Year beginning October 1, 2005, and ending September 30, 2006; 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 shall file or cause to be filed a true and correct copy of the approved Budget, along with this ordinance, with the City Secretary and in the office of the County Clerks of Denton and Tarrant County, Texas, as required by State law. 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 day of , 2005. ATTEST: Lori Farwell City Secretary Andy Wambsganss, Mayor PASSED AND APPROVED ON second reading this day of , 2005. ATTEST: Lori Farwell City Secretary APPROVED AS TO FORM: City Attorney Date: Adopted: Andy Wambsganss, Mayor Effective: