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HomeMy WebLinkAboutOrdinance No. 97-17 ORDINANCE NO. '97-17 AN ORDINANCE APPROVING AND ADOFTING Tf�? CITY OF FRIENDSWOOD, TEXAS, GENERAL BUDGET FOR TFlS FISCAL YEAR 1997/98; MARING APPROPRIATIQNS FOR Tf� CITY FOR SUCH FISCAL YEAR AS REF'LECrED IN SAID BUDGET, AND MARIl�TG CERTAIN FINDII�GS AI�ID ((b1�TTAIl�ING CERTAIN PROVISIONS RELATING TO THE SUBJEC�. * * * * * * * * * * WHRRF.AS� on July 31, 1997, the City Manager presented to the City Council a proposed Budget of the expenditures of the City of Friendswood for the fiscal year 1997/1998, a SUMMARY copy of which is attached hereto and made a part hereof, and WHRRF.AS� pursuant to notice as required by, 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, WNRRF.AG� the City Council has considered the proposed budget and had made such changes therein as in the City Council's judgement were warranted by law and were in the best interests of the citizens and taxpayers of the City; and WHERF.AS, a copy of the Budget has been filed with the City Secretary and the City Cauncil desires to adopt the same; and w�RFn�, 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 1997/1998 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 by 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 e�enditures do not exceed total estimated income; now, therefore. BE IT ORDAIA�I} BY TI� CITY COUNCIL OF Tf� CITY OF FRIffi�ID59iOpD, STATS OF TEXAS: Section 1. The facts and recitations set forth in the preamble of this Ordinance are hereby found to be true and correct. 097.17/LST03 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 endorsement reading as follows "The Original General Budget of the City of Friendswood, Texas, for the fiscal year 1997/1998 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 revenue of the City which will be received in the treasury during the fiscal year 1997/1998 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, 10/01/97 $ 138,349 Total Revenues $14,525,644 Total Resources Available for Appropriation $14,663,993 Total Expenditures and Other Financing Uses $14,547,915 Ending Fund Balance, 9/30/97 $ 116,078 SUMMARY OF 1997/1998 PROPOSED BUDGET IS ATTACHED HERETO AND MADE A PART OF AS "EXHIBIT A". PASSED. APPROVED. ArID 1�DOPTED this 15th day of Septe�r, 1997. Mayor Harold L. Whit er C.ity of Friendswood ATTEST: � f Deloris McKenzie T C City Secretary 097.17/LST03 = EXHIBIT "A" CITY OF FRIENDSWOOD 1997-1998 PROPOSED BUDGET BUDGET SUMMARY 97-98 AMENDED BUDGET REVENUES Taxes 8,311,269 Charges for Services 4,678,209 Permits and Fees 744,066 Fines and Forefeitures 350,050 Intergovernmental Revenues 27,650 Alternate Funding Proceeds 0 Interest 218,900 Donations 108,000 Other 87,500 ----------------- TOTAL REVENUES 14,525,644 EXPENDITURES Generai Government 2,096,372 Community Development 461,819 Public Safety 3,733,845 Public Works 3,533,071 Community Services 1,767,219 Capital Improvements 590,754 Debt Service 2,264,835 ----------------- TOTAL EXPENDITURES 14,447,915 RFSFRVFS 100,000 ----------------- TOTAL EXPENDITURES AND RESERVES 14,547,915 ----------------- REVENUES OVER(UNDER) EXPENDITURES AND RESERVES (22,271) BEGINNING FUND BALANCE 138,349 ----------------- ENDING FUND BALANCE 116,078 * Restricted funds at September 30, 1998 are$112,068.