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HomeMy WebLinkAboutOrdinance No. 2021-19(Title: An Ordinance adopting Budget Amendment IX to the Original General Budget of the City for Fiscal Year 2020-2021 to provide for supplemental appropriation and/or transfer of certain funds.) ORDINANCE NO. 2021-19 AN ORDINANCE AMENDING CITY OF FRIENDSWOOD, TEXAS, ORDINANCE NO. 2020-35, PASSED AND APPROVED SEPTEMBER 14, 2020, SAME BEING AN ORDINANCE APPROVING AND ADOPTING THE CITY'S GENERAL BUDGET FOR FISCAL YEAR 2020-2021 BY APPROVING "BUDGET AMENDMENT IX" TO THE "ORIGINAL GENERAL BUDGET OF THE CITY OF FRIENDSWOOD, TEXAS, FOR THE FISCAL YEAR 2020-2021"; PROVIDING FOR SUPPLEMENT AL APPROPRIATION AND/OR TRANSFER OF CERTAIN FUNDS; PROVIDING FOR SEVERABILITY; AND PROVIDING OTHER MATTERS RELATED TO THE SUBJECT. * * * * * * * * * * WHEREAS, by Ordinance No. 2020-35 , the City Council of the City of Friendswood , Texas, adopted its "Origina l Genera l Budget for Fisca l Year 2020-202 1 "; and WHEREAS, the City Council has determined that revenues and/or reserves are available for supplemental appropriation, and/or that the transfer of certain funds interdepartmentally is economically feasible and in the best interest of prudent budgeting and for municipal purposes; and WHEREAS, Section 8.04 of The City Charter provides for amendments after adoption of the budget; and WHEREAS, the City Counci l desires to amend said Original General Budget to reflect such supplemental appropriation and/or transfer in the fiscal year 2020-2021; NOW, THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, TEXAS: Section 1. The fact s and matters set forth in the preamble of this Ordinance are hereby found to be true and correct. Section 2. The "Original General Budget of the City of Friendswood, Texas , for the Fiscal Year 20 20-2021 ," is hereby amended for municipal purposes as shown on "Budget Amendment IX " to the "Original Budget of the City of Friendswood, Texas , for the Fiscal year 2020-2021 " attached hereto . Said Budget Amendment IX shall be attached to and made a part of such Original General Budget by the City Secretary and shall be filed as required by state law, a true and correct copy of which is attached hereto as Exhibits "A " and "B" and made a part hereof for all purposes . Section 3. In the event any clause, phrase , provision, sentence, or part of this ordinance or the application of the same to any person or circumstance shall for any reason be adjudged invalid or held unconstitutional by a court of competent jurisdiction, it shall not affect , impair, or invalidate this ordinance as a whole or any part or provision hereof other than the part declared to be invalid or unconstitutional ; and the City Council of the City of Friendswood , Texas, declares that it would have passed each and every part of the same notwithstanding the omission of any such part thus declared to be invalid or unconstitutional , whether there be one or more parts . PASSED AND APPROVED this 12th day of JULYl 2021. ATTEST: APPROVED AS TO FORM: Ord . No. 2 02 1-19 2 City of Friendswood Budget Amendment Summary Fiscal Year 2020 -2021 Budget Amendment IX July 12, 2021 1. General Obligation Improvement and Refunding Bond Series 2021, $16,235,000. Appropriate bond proceeds from the 2021 GO Improvement and Refunding Bonds issued in June 2021 . The 2021 GO Bonds represent the second round of bonds approved by voters in November 2019 . The bond proceeds will be used for drainage projects totaling $5 million , improvements to the Public Safety facility totaling $5 .0 million , construction of a new Fire Station #2 totaling $4.1 million and to cover the cost of issuance . A portion of the bond proceeds will be appropriated back to general fund unassigned fund balance for any expenditures made prior to the bond issuance as authorized by Council through a reimbursement resolution approved at the July 6, 2020 City Council meeting . The proceeds from the issuance of the refunding portion totaling $3 .1 million will be used to refinance the General Obligation Refunding Bonds , Series 2012 and to cover the cost of issuance . 2. City Secretary's Office -Furniture, Fixtures & Equipment, $12,787. Appropriate funds to purchase furniture , fixtures , and equipment for the City Secretary's Office. The remodeling of the City Secretary's Office will better serve citizens and will safely accommodate city staff. The funding source will be unassigned general fund balance . 3. PEG Channel -Stevenson Park Camera & Fiber Installation, $56,794. Appropriate restricted General Fund balance reserves from PEG Channel revenue for audio and video improvements related to community events , and other city-wide productions . Information Technology will improve Stevenson Park with an additional camera and fiber installation . 4. Centennial Park and Lakes of Falcon Ridge Concrete Wall, $416,189. Appropriate funds to remove deteriorating wall and construct a new , vericrete wall spanning approximately 3 ,000 linear feet. The City and the Lakes of Falcon Ridge have a Partnership Agreement in which each entity agrees to share the cost equally . Council awarded the bid to Republic Masonry & Fencing LLC at the June 7 , 2021 City Council meeting . The funding source will be unassigned general fund balance . City of Fri endswood July 12, 20 21 2020-2021 Budget Am endment IX · Ex h ibit B BA Account Proj ect Numbe r Number Number Description Amo unt 1 257-0000-39380 Appropriate 2021 Genera l Ob li gation Improvement Bond-Bond Proceeds (13 ,185,000) 1 257-0000-39381 Appropriate 2021 Genera l Ob ligation Improvement Bond-Premium (1,173 ,884) 1 257-8101-473 .9350 Appropriate 2021 General Ob li gation Improvement Bond-Issue Costs 162,444 1 257-9002-491 .9120 Appropriate 2021 General Ob ligation Improvement Bond-Transfer to Tax Debt Service 96,440 1 257-7001-419-8591 G0 1518CONST Appropriate 2021 General Ob li gation Improvement Bond-Public Safety Building 4,486 ,133 1 257-7001 -419 .8591 G0 1518ENG Appropriate 2021 Genera l Ob li gation Improvement Bond-Public Safety Bu ilding 513 ,867 1 257-7001-4 19-8591 G001519CONST jApp ropriate 2021 Genera l Obligation Improvement Bon ds -Fire Station #2 3,587 ,030 1 257-700 1-419 .8582 G01519ENG Appropriate 2021 General Ob liaation Improvement Bonds -Fire Station #2 512 ,970 1 257 • 7001-431 .8530 Appropriate 2021 General Obl igation Improvement Bond-Drainaae Improvements 4 ,985 ,109 1 257 • 7001-431 .8113 Appropriate 2021 General Ob ligation Improvement Bond-Drainage Improvements 1,035 1 257-700 1-431 .8210 Appropriate 2021 Genera l Ob ligation Improvement Bond-Drainage Improvements 13,856 1 20 1-0000-39125 Appropriate 2021 Genera l Obl igation Improvement Bond-Transfer from Construction Fund (96,440) 1 201 -8101 -473 .9350 Appropriate 2021 General Obl iaation Improvement Bond -Interest 96 ,440 1 257-26010 Reimburse unassigned aeneral fund balance for advanced funding related to GO Bonds 1,083 ,808 1 257-10199 Reimburse unassigned general fund balance for advanced fundina related to GO Bonds (1 ,083 ,808 1 001-10199 Reimburse unassigned general fund balance for advanced funding related to GO Bonds 1,083 ,808 1 001-14021 Reimbu rse unassigned ge neral fund balance for adva nced fundina related to GO Bonds (1 ,083 ,808 2 001-0000-30500 Appropriate unassigned fund balance for furniture , fixtures & equipment in the City Secretary's Office (12 ,787 2 I 001 -0201-411 .8800 Appropriate unassianed fund balance for furniture , fixtures & equipment in the City Secretary's Office 12,787 3 . 001 -0000-30500 Appropriate restricted General Fund balance reserves from PEG channel revenue for audio and video improvements (56 ,794) 3 I 001-01 16-419 .8800 ~EGEXP !Appropriate restricted Genera l Fund balance reserves from PEG channel revenue for audio and video improvements 56 ,794 4 001-0000-30500 Apporpriate unassigned fun d balan ce for Centennial Park and Lakes of Fa lcon Ridge concrete wall (208 ,095) 4 001-0000-30500 Apporpriate unassigned fund ba lan ce for Centennial Park and Lakes of Fa lcon Ridge concrete wall ; to be reimbursed by HOA (208 ,094) 4 001 -6430-456 .8200 Apporpriate unassigned fund balance for Centennial Park and Lakes of Falcon Ridge concrete wall 416 ,189