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HomeMy WebLinkAboutOrdinance No. 2004-17 � � ORDINANCE NO. 2004-17 AN ORDINANCE APPROVING AND ADOPTING THE CITY OF FRIENDSWOOD, TEXAS, GENERAL BUDGET FOR THE FISCAL YEAR 2004/2005; MAKING APPROPRIATIONS FOR THE CITY FOR SUCH FISCAL YEAR AS REFLECTED IN SAID BUDGET, AND MAKING CERTAIN FINDINGS AND CONTAINING CERTAIN PROVISIONS RELATING TO THE SUBJECT. � � � � � * � * � � � WHEREAS, on July 30, 2004, the City Manager presented to the City Council a proposed Budget of the expenditures of the City of Friendswood for the fiscal year 2004/2005, a summary copy of which is attached hereto and made a part hereof; and WHEREAS, pursuant to notice as required by law, public hearing on such Budget was held in the Council Chambers in the City Hall, at which hearings all citizens and taxpayers of the City had the right to be present and to be heard and those who requested to be heard were heard; 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 by law and were in the best interests of the citizens and taxpayers of the City; and WHEREAS, a copy of the Budget has been filed with the City Secretary and the City Council desires to adopt the same; 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 2004/2005 fiscal year, including the most up-to-date preliminary tax evaluation figures as have been made available to the City by the Galveston County Appraisal District, the City Council finds and determines that as of the date of this Ordinance, and in order to meet the requirements as set out in Section 8.03 (E) of the City Charter, the proposed Budget referred to here-in is based on the best information available to the City to assure that budgeted expenditures do not exceed total estimated income;now,therefore. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, STATE OF TEXAS: Section 1. The facts and recitations set forth in the preamble of this Ordinance are hereby found to be true and correct. Section 2. In accordance with the provisions of Article 689a — 15, V.T.C.S., the City Council hereby approves and adopts the Budget described above, the same being on file with the City Secretary. The City Secretary is hereby directed to place on said budget and to sign an endarsement reading as follows: "The Original General Budget of the City of Friendswood, Texas, for the fiscal year 2004/2005 and to keep such Budget on file in the City Secretary's Office as a public record. 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 which will be received in the treasury during the fiscal year 2004/2005 the amount set forth in said approved Budget for the various purposes stated therein. The total amount now thus appropriated and the funds from which the same are derived are as follows; Beginning Fund Balance, l0/O1/2004 $ 1,307,902 Total Revenues $26,507,581 Total Resources Available for Appropriation $27,815,483 Total Expenditures and Other Financing Uses $27,250,694 Ending Fund Balance,9/30/2005 �� SUMMARY OF 2004/2005 PROPOSED BUDGET IS ATTACHED HERETO AND MADE A PART OF AS "EXHIBIT A". PASSED, APPROVED, AND ADOPTED on first and final reading this 20th day of September, 2004. . � �. .. Mayor Kimball W. Brizend ne City of Friendswood ATTEST: � � Del ris McKenzie, T C City Secretary EXHIBIT A BUDGET SUMMARY 2004-2005 BUDGET REVENUES Taxes 15,086,450 Charges for Services 8,235,885 Permits and Licenses 388,056 Fines 755,800 Intergovernmental Revenues 1,130,086 Interest 101,353 Vehicle Lease Reimbursements 282,951 Miscellaneous Receipts 527,000 TOTAL REVENUES 26,507,581 EXPENDITURES General Government 3,815,251 Public Safety 7,278,505 Community Development and Public Works 6,396,768 Community Services 2,691,699 Vehicle Replacement Fund 132,427 Capital Improvements 2,226,972 Debt Service 4,709,072 TOTAL EXPENDITURES 27,250,694 REVENUES OVER(UNDER) EXPENDITURES (743,113) BEGINNING FUND BALANCE 1,307,902 ENDING FUND BALANCE* 564,789 * Includes $15,315 in General Fund; $1,327 in Police Investigation Fund; $24,928 in Fire/EMS Donation Fund; $77,306 in Park Land Dedication Fund; $294,664 in Tax Debt Service Fund; $150,524 in Vehicle Replacement Fund; $305 in Water and Sewer Operations Fund; and, $420 in Water and Sewer Revenue Debt Service Fund.