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HomeMy WebLinkAboutOrdinance No. 98-31 ORDINANCE NO. 98-31 AN ORDINANCE APPROVING AND ADOPTING THE CITY OF FRIENDSWOOD, TEXAS, GENERAL BUDGET FOR THE FISCAL YEAR 1998/99; MAKING APPROPRIATIONS FOR THE CITY FOR SUCH FISCAL YEAR AS REFLECTED IN SAID BUDGET, APTD MAKING CERTAIN FINDINGS AND CONTAINING CERTAIN PROVISIONS RELATING TO THE SUBJECT. * * * * ,r * * * * * WHEREAS, on August 1, 1998, the City Manager presented to the City Council a proposed Budget of the expenditures of the City of Friendswood for the fiscal year 1998/1999, 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 judgement 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 1998/1999 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. 098.31/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 1998/1999 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 1998/1999 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/O1/98 $ 527,866 Total Revenues $15,475,359 Total Resources Available for Appropriation $16,003,225 Total Expenditures and Other Financing Uses $15,661,205 Ending Fund Balance, 9/30/99 $ 342,020 SUMMARY OF 1998/1999 PROPOSED BUDGET IS ATTACHED HERETO AND MADE A PART OF AS "EXHIBIT A" . PASSED, APPROVED, AND ADOPTED on first and final reading this 14th day of September, 1998. � Mayor Harold L. Whitake City of Friendswood ATTEST: D loris McKenzi , MC City Secretary RZOTION - Councilmember Brizendine 2t�TD - Councilmember Ericsson APDROVED - Unanimouslv 098.31/LST03 � EXHIBIT A CITY OF FRIENDSWOOD 1998-1999 PROPOSED BUDGET BUDGET SUMMARY 98-99 PROPOSED BUDGET REVENUES Taxes 8,865,782 Charges for Senrices 5,043,996 Permits and Fees gg7,647 Fines and Forfeitures 258,606 Intergovernmerrtal Revenues 27,800 Alternate Funding Proceeds p Interest 210,078 Donations 156,000 Other 25,450 ----------------- TOTAL REVENUES 15,475,359 EXPENDITURES General Government 2,324,528 Community Development 630,032 Public Safety 3,935,335 Public Works 3,724,563 Community Senrices 1,854,810 Capital Im provements 862,100 Debt Service 2,250,837 ----------------- TOTAL EXPENDITURES 15,582,205 RESERVES 79,000 ----------------- TOTAL EXPENDITURES AND RESERVES 15,661,205 ----------------- REVENUES OVER(UNDER) EXPENDITURES AND RESERVES (185,846) BEGINNING FUND BALANCE 527,866 ----------------- ENDING FUND BALANCE * 342,020 * Funds restricted for debt service at September 30, 1999 are$43,725. * Funds reserved for capital projects at September 30, 1999 are$297,427.