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HomeMy WebLinkAboutOrdinance No. 2017-32 (Title: An ordinance adopting the City of Friendswood, Texas, General Budget for the Fiscal Year 2017/2018.) ORDINANCE NO. 2017-32 AN ORDINANCE APPROVING AND ADOPTING THE CITY OF FRIENDSWOOD, TEXAS, GENERAL BUDGET FOR THE FISCAL YEAR 2017/2018; 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. X X X 7F ]C X 7C 7F X X �C WHEREAS, on July 31, 2017, the City Manager presented to the City Council a proposed Budget of the expenditures of the City of Friendswood for the fiscal year 2017/2018, a summary copy of which is attached hereto as Exhibit"A" and is made a part hereof; and WHEREAS, pursuant to notice as required by law, a public hearing on such Budget was held in the Council Chambers in the City Hall, at which hearing 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 2017/2018 fiscal year, and has determined that the proposed budgeted expenditures will 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 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 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 2017/2018," 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 that will be received in the treasury during the fiscal year 2017/2018, 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; Beginning Fund Balance, 10/01/2017 $39,934,092 Total Revenues $43,565,771 Total Resources Available for Appropriation $83,499,863 Total Expenditures and Other Financing Uses $56.304,137 Ending Fund Balance, 9/30/2018 $27,195 Ord 2017-32 2 PASSED, APPROVED, AND ADOPTED BY A RECORD VOTE OF THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, TEXAS, ON THE FIRST AND FINAL READING THIS 2°d DAY OF OCTOBER,2017. Kevin olland Mayor ATTEST: .r.r�r ilYY Melinda Welsh, TRMC :• � City Secretary U On ••TFOF TES;.•. RECORD VOTE: COUNCIL MEMBER: VOTED FOR VOTED AGAINST KEVIN HOLLAND, MAYOR X STEVE ROCKEY x SALLY BRANSON x JIM HILL x MIKE FOREMAN x JOHN H. SCOTT X CARL W. GUSTAFSON x Ord 2017-32 3 Ord 2017-32 EXHIBIT A CITY OF FRIENDSWOOD PROPOSED BUDGET SUMMARY FISCAL YEAR 2017-2018 17-18 PROPOSED BUDGET REVENUES Taxes 27,423,823 Charges for Services 12,719,484 Permits and Licenses. 841,816 Fines 714,605 Intergovernmental Revenues 250,491 Interest 205,942 Vehicle Lease Reimbursements' 380,684 Miscellaneous Receipts 1,028,926 TOTAL REVENUES 43,565,771 Fund Balance Used or(Carried Forward) General Fund (482,500) Police Investigation Fund 320 Municipal Court Building Security/Technology Fund (1,409) Sidewalk Installation Fund 120 Park Land Dedication Fund (89,823) Streets Improvement Fund (939,737) Fwd Downtown Economic Development Improvements (291,853) Tax Debt Service Fund (3,356) 2014/2016 GO Bond Funds (6,464,476) 1776 Part Trust Fund 200 Water&Sewer Operations Fund (227,310) 2016 Water&Sewer Bond Construction Fund (4,280,494) Water Impact Fees 18,420 Sewer Impact Fees 18,361 Water and Sewer Revenue Debt Service 4,300 Vehicle Replacement Plan Fund 771 (12,738,466) Total.Resources Available 30,827,305 EXPENDITURES General Government 6,385,650 Public Safety 12,638,047 Community Development and Public Works 10,465,546 Parks&Recreation 4,574,100 Vehicle Replacement Fund 381,413 Capital Improvements 14,756,720 Debt Service 7,102,761 TOTAL EXPENDITURES 56,304,237 REVENUES OVER(UNDER)EXPENDITURES (25,476,932) BEGINNING FUND BALANCE 28,317,798 ENDING FUND BALANCE 41,056,264