Item 7A Memo(`i +%] of Q^11 +hl- lL 7
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MEMORANDUM
February 9, 2011
TO: Billy Campbell, City Manager
FROM: Sharen Elam, Director of Finance
SUBJECT: Ordinance No. 878; 2 nd Reading, Approving and adopting the Annual
Budget for the Fiscal Year 2004 -05 and approving the revised budget
figures for the Fiscal Year 2003 -04.
Action Requested: Approval of Ordinance No. 878, on 2 nd reading, Adopting and
approving the Annual Budget for Fiscal Year 2004 -05 and
approving the revised budget figures for the Fiscal Year 2003 -04.
Background
Information: Presented to the City Council for consideration are the FY2004 -05
budget and the revised budget for FY2003 -04. This budget
summarizes the plan of municipal operations for the fiscal year that
begins October 1, 2004. The Council was presented a proposed
budget in compact disk format on August 20, 2004. The summary
budget information presented and attached to Ordinance No. 878
reflects the information included on the proposed budget disk. On
September 7, 2004 the proposed budget was approved as filed on
August 13, 2004.
Financial
Considerations: The budget proposed a tax rate of $0.462 with total revenues of
$47,928,208 and total expenditures of $48,671,462.
Citizen Input/
Board Review: The first public hearing was on September 7, 2004 and the second
is scheduled for September 21, 2004 with the I" and 2 nd Reading of
Ordinance No. 878, respectively.
Legal Review: None required
Alternatives: In the absence of approving and adopting the proposed budget for
FY2004 -05, 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. 878
February 9, 2011
page 2
Supporting
Documents: Ordinance No. 878
Fiscal Year 2004 -05 Proposed Budget and Fiscal Year 2003 -04
Revised Budget summary
September 7, 2004 Power Point Presentation
Staff
Recommendation: Approval of Ordinance No. 878, 2 nd reading, adopting and
approving the Annual Budget for Fiscal Year 2004 -05 and
approving the revised budget figures for the Fiscal Year 2003 -04.
ORDINANCE NO. 878
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS, APPROVING REVISED BUDGET FIGURES FOR
FISCAL YEAR 2003 -04; APPROVING AND ADOPTING THE BUDGET
FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2004, AND
TERMINATING SEPTEMBER 30, 2005, 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 2003 -04 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, 2004, and ending September 30, 2005, (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 7, 2004 and September 17, 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 2003 -04
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, 2004, and ending September 30, 2005; 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 , 2004.
ATTEST:
Lori Farwell
City Secretary
Andy Wambsganss, Mayor
PASSED AND APPROVED ON second reading this day of , 2004.
ATTEST:
Lori Farwell
City Secretary
APPROVED AS TO FORM:
City Attorney
Date:
Adopted:
Andy Wambsganss, Mayor
Effective:
Budget Object
• Maintatn{im7ove service tCelnrery::_".�=
• Malrvtaln strung bond rat7iigs; i.'
Maintaln adequate res6rvWaddress
stroMral imbalance,;
r Avoid diminish campetimnes.of Pal+
plain _
r Increase allocation of tax rate to debt
serAce.
GF Revenue Information*
■ Ad Valorem = $iD,M639 (0.3% devease ■ )�r—
■ 5 a *5,33%AD6 (15.9%
■ Frand7 se Taxes = $1,744,519 (3.2% inde8 , ,e)
. Flrms - $1,310,ouu (28_l°!obuease) -
■ Chargm for Ser ices $57W940 (2 1% lnaG 9@)
■ PerMiMfFM w $79 &699 J9.1°l kmase)
. Mlsc. = $426,262 (21.0%. irrpre )
■ loterest income w $15 uuu M. d�}
. TWAIL REVVEME - $21,M,03% (5 - 9 1 fg iliCr2ds�)
•.��� � arlrgpr� -
GF Budget Highlights
& NL) Changes to tax rate (-$.462 prciposed);_�
N MOVF! $ of tax rate to debt serviEe
3.31 9-S 8 for operaUoT, $. 1,12" , 2 fEr de�'L)
. Vehicle replacement program (.4th.1)" I
year tuy-In payment)
GF Budget Highlights— Confd
Pay plan market
irmrporated — 6Dth
peFcer%le,ar t! benefit
,-osts adjusted;
si�
Si riew positions for enhanced Se iyvlce
OF Expenditure Information
* Total Expenditures = $22,988,103
* Proposed fund Lhilarmm redu $2.YM,
but 24.7396 balance at top of polo
ram;
■ Benefit Cwt Increase 120,0 DD`[all
funds)
* Transfer $918,314 fram debt service to
TTF to supTAemerit bond payrn�yltn.
* Street Slurry Sealm$2 50,000
Other Fund Budget Highlights
■ Utility Furl
61 days of mAing caplthf (17A
Flo supplement from other funds
•
F Fund
a TIF debt subsidy ($518,314)
Operating Budget
Expenditures (Mifilons)
General Rind
Utility Fund
smoso
Urre Control Distrid
$,0613
SPDC
$1j"
Park Dr--dbmtion
$
M:
Capital Improvement Program
CIP provides plan for development of-&T—�
KTashicture over a mu1U-yedr
a FundIng is provided for Year 0na;,..M the
capital budget;
w Recommendations reflect anaiysi, by staff
team.
3
FY 20D4-D5 PToposed General
Fund Projects
$iwQhLft Q*t*f-MnQaftD* Dme
MUM
A J.
N. Pexw L&"*Rqming [FM 170 IqPeamw)
Street RMaWRffMMMWM (PaWnnaU XWragEMErkt) $1
M. J
SnMaRS " VMMS RDWYMYS
TOTWL
FY 2004-05 Proposed Utility Fund
Projects
4BAffdMtv/atUSL 2 OUT
127 N L on FN 170 {PWk-vW Dr td H. WW Chapeb. slupo:
J7' W L. on SH It M gln*a to &lw-xxdJ t2flDA08
.
fbe Ce I SMG Vmbw T?L*
EMMMC M%*W"Yt ANAMAt" InDarkl2m
TOTAL !$4,524 -00'
lmmws 52 rnftn fwbursuwk fim d*C*f%W Xww
FY 2004-D5 Proposed Impact Fee
Fund Projects
T.wm air r wai. Lbie
TOTAL
4
FY 2004 -45 Proposed C PD Fund
Projects
Hadh UP3 FadllLy (Ndatmh )
FAA M}adILY(LOWWW4F M)
TOTAL
�x,or�,00a
FY 2004 -05 Proposed SPDC
Projects
c mmww�Sff%ims MablimgrLmd
NmLn CrfmrInpnAmnmr45
0% vw�
TOTAL
FY 2004 -05 Budget