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HomeMy WebLinkAboutOrdinance No. 2023-20ORDINANCE NO.2023-20 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, TEXAS, APPROVING AND ADOPTING THE CITY OF FRIENDSWOOD, TEXAS, GENERAL BUDGET FOR FISCAL YEAR 2023-24; MAKING APPROPRIATIONS FOR THE CITY FOR SUCH FISCAL YEAR AS REFLECTED IN SAID BUDGET, AND MAKING CERTAIN FINDINGS AND CONTAINING CERTAIN PROVISIONS RELATED THERETO; AND PROVIDING FOR THE PUBLICATION AND EFFECTIVE DATE THEREOF. WHEREAS, on July 31, 2023, the City Manager submitted to the City Council a proposed budget of the expenditures of the City of Friendswood for the fiscal year 2023/2024 along with an accompanying budget message, a summary copy of which is attached hereto as Exhibit "A" and is made a part hereof, and WHEREAS, on August 7, 2023, the City Council called a public hearing on the budget for August 28, 2023, at 5:30 p.m. in the Council Chambers of the Friendswood City Hall; and WHEREAS, after posting proper notice, the City Council, on August 28, 2023, conducted a public hearing on the proposed budget, at which hearing any person had the opportunity to be present and participate in the hearing; and WHEREAS, the City Council has considered the proposed budget and has made such changes therein as, in the City Council's judgment, were warranted and were in the best interests of the citizens and taxpayers of the City; and WHEREAS, in accordance with Section 8.03(a) of the City Charter, the City Council has reviewed estimates of revenue to be derived by the City during the 2022-23 fiscal year, and has determined that the proposed budgeted expenditures will not exceed total estimated income plus funds available from prior years; NOW, THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, STATE OF TEXAS: Section 1. The facts and matters set forth in the preamble of this ordinance are hereby found to be true and correct. Section 2. In accordance with Section 8.03(e) of the City Charter, the City Council hereby approves and adopts the budget for the ensuing fiscal year beginning October 1, 2023, and ending September 30, 2024, as finally submitted to the City Council by the City Manager, a copy of which is on file with the City Secretary. Section 3. In support of said budget and by virtue of the adoption thereof, there are hereby appropriated out of available cash funds and out of the general and special revenues of the City that will be received in the treasury during the fiscal year 2023-24, the amounts set forth in said approved budget for the various purposes stated therein. The total amounts now thus appropriated and the funds from which the same are derived are as follows and are further summarized in Exhibit A," which is attached hereto and incorporated herein for all intents and purposes: Beginning Fund Balance, 10/1/2023......................................$ 87,495,839.00 Total Revenues.......................................................................$ 80,798,131.00 Total Resources Available for Appropriation*.....................$168,293,970.00 Total Expenditures and Other Financing Uses......................$118,841,796.00 Ending Fund Balance.............................................................$ 49,452,174.00 * Includes Planned Use/Carry Over Fund Balance/Retained Earnings Section 4. This ordinance shall remain in full force and effect from and after its passage and approval of the City Council, and it shall be published in accordance with law. PASSED, APPROVED and ADOPTED by the affirmative, record vote of a majority of all members of the City Council of the City of Friendswood on this the 28 h day of August, 2023. FRIENps APPROVED AS TO FORM: KAREN L. HORNER, City Attorney HACity Council\Ordinances\2023\08-29-2023\Ordinance - Budget Adoption.docx 2 "Exhibit A" CITY OF FRIENDSWOOD PROPOSED BUDGET SUMMARY FISCAL YEAR 2023-2024 PROPOSED BUDGET REVENUES Taxes 39,608,429 Charges for Services 20,493,742 Permits and Licenses 753,524 Fines 969,878 Intergovernmental Revenues 14,091,795 Interest 2,834,082 Vehicle Lease Reimbursements 1,112,395 Miscellaneous Receipts 934,286 TOTAL REVENUES 80,798,131 Fund Balance Used or (Carried Forward) General Fund 333,370 Police Investigation Fund (4,876) Community Development Block Grant Fund - Harris County Community Development Block Grant Fund - Galveston County (122,484) 2021 Coronavirus State & Local Fiscal Recovery Grant Fund 312,288 Fire/EMS Donation Fund 158,456 Municipal Court Building Security/Technology Fund 3,344 Tax Debt Service Fund (57,556) 2016/2017 GO Bond Funds 47,158 2020 GO Bonds Fund - 2021 GO Bonds Fund 2,288,693 2023 GO Bonds Fund 24,245,767 Sidewalk Installation Fund (11) Park Land Dedication Fund (51,003) Streets Improvement Fund 1,317,805 Fwd Downtown Economic Development Improvements Fund 1,033,820 1776 Part Trust Fund (348) Water & Sewer Operations Fund (387,483) 2016 Water & Sewer Bond Construction Fund 995,689 2018 Water & Sewer Bond Construction Fund 1,419,957 2021 Water & Sewer Bond Construction Fund 7,626,829 Water Impact Fees (105,925) Sewer Impact Fees (213,000) Water and Sewer Revenue Debt Service (78,300) Vehicle Replacement Plan Fund (718,525) 38,043,665 Total Resources Available 118,041,796 EXPENDITURES General Government 8,210,930 Public Safety 18,575,817 Community Development 1,544,944 Public Works 12,452,959 Engineering 1,265,858 Parks & Recreation 5,715,517 Library 1,484,828 Vehicle Replacement Fund 422,420 Capital Improvements 57,753,573 Debt Service 11,414,950 TOTAL EXPENDITURES 118,841,796 REVENUES OVER (UNDER) EXPENDITURES - BEGINNING FUND BALANCE 87,495,839 ENDING FUND BALANCE 49,452,174