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Home My WebLink AboutOrd 1851 - amending budget 2007 ORDINANCE NO. 1851 AN ORDINANCE AMENDING THE BUDGET OF THE CITY OF WEST UNIVERSITY PLACE, TEXAS FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2007 AND ENDING DECEMBER 31,2007; AND CONTAINING FINDINGS AND PROVISIONS RELATING TO THE SUBJECT WHEREAS, it is fou.nd and determined that changes in the CUITent budget are necessary for .municipal purposes and that amendments are necessary for emergencies of the kind contemplated by state law, and it is formally found, determined and declared that such emergencies exist; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WEST UNIVERSITY PLACE, TEXAS: Section 1. That the budget of the City of West University Place for the 12 month period beginning January 1, 2007, and endillg December 31, 2007 as heretofore adopted be, and it is hereby, amended as ShOWll in Exhibit A attached. Section 2. The City Council approves, adopts and ratifies the findings set out in the preamble hereof and directs that the City Secretary file a copy of this ordinance with the county clerk, in the same manner as original budgets are required to be filed. Seetioll 3. All ordinances and parts of ordil1ances in conflict herewith are hereby repealed to the extent of the conflict only. Section 4. If any word, phrase, clause, sentence, paragraph, section or other part of this ordinance or the application thereof to an.y .person or circumstance, shall ever be .held to be invalid or unconstitutional by any court of competent jurisdiction, .neither the remainder of this ordi11ance, nor the application of such word, p.hrase, clause, sentence, paragraph, section, or other part of this ordinance to any other persons or circumstances, shaltbe affected thereby. Section. 5. The City Council officially finds, determines and declares that a sufficient written notice of the date, hour, .place and subject of each .meetitlg at which this ordinance was discussed, considered, or acted upon was given in the mann.er required by the Open Meetings Act, Chapter 551, Texas Local Government Code, as amended, and that each such meeting has been open to the public as required .by law at all times during such discussion, consideratiOl1 and action. The City Council ratifies, approves and confirms such notices and the contents and posting tllereof. Section 6. This ordinance shall become effective upon adoption and signature. PASSED, APPROVED AND ADOPTED ON FIRST READING on the ~y of. +r , 2007. Counc~lmembers Vot~ngAye:~~~"da-,u~~{<::-l..r ~//'~ ...- C:7f4-- Councllmembers VotIng No: &vu~L:/4J~d~L--' ~~rl-~d~ Councilmembers Absent: ;7Z/~ PASSED, APPROVED AND ADOPTED ON SECOND READING, AND SIGNED, on. the ~ayof #~",,~2007. Councilmembers Voting Aye~~?/ ~ d ~~ ~ c!'~ y.-C~ Councilmembers Voting No: t:'~~ ~~~ \:9"~x-d~ Councilmembers Absent: ;:p~ Attes ~ "- City ecretary (Seal) Mayor Approved as to legal form~ K k City Attorn~y Signed: ... ( Exhibit ItAII CITY OF WEST UNIVERSlTY PLACE~ TEXAS BUDGET AMENDMENT 2007 2007 Original Amendment Amendment Amended Budget May 3, 2007 23-Jul-07 Bud~et GENERAL FUND REVENUES Ad Valorem Taxes 6, J 59,510 6,159~510 City Sales Tax 942~OOO 942~OOO Franch ise Fees 755~500 755~500 Licenses and Permits 487,260 487,260 Fees for Servi ces 3931700 4LOOO 434,700 Other Charges and Fees 209~800 209 ~ 800 Recreation Fees 643J90 643~ .190 Fi nes and COLI rt Costs 256,450 256,450 In vestmen t Earn ings 152~OOO 55 ~OOO 207,000 Ot her Revenu es 177,000 36~OOO 213~OOO In terfu nd Trans rers 940,000 940~OOO TOTAL REVENUES IIJ 16~4.IO 132,000 11,248~410 Ad m i n istrat ion 794,000 794~ 000 Fi nan ce 1 ~440~590 65,000 1,505,590 Pol ice 2, 803 ~3 30 2~803,330 Fire 2,336,450 2,336~450 Public Works 2,062~ 140 2~062, 140 Parks and Recrealio n 1 ,612~390 1 ,612~390 Tran s fer to S treetl ight Project Fund 2 11 tOaD 2 1 cooa Transfer to Capital Improvement Fun d 264,000 264,000 TOT AL EXPENDITURES 11 , 3 12~ 900 65 ~ 000 2 II ~ 000 11 t588~ 900 NET REVENUES (EXPENDITURES ( 196~490) 6 7 ~OOO (21 LOOO) (340~490) BEGINNING FUND BALANCE 4~O58~O52 4~O58,O52 ENDING FUND BALANCE 3,861,562 67; 000 (211 ~OOO) 3~ 717~562 EMP.LOYEE BENEFIT FUND REVENUES Transfers from other Funds I ;274~440 I ,274~440 E(np 1 0 yee con tri bu lions 187,200 (30,000 ) 157 ~200 In veslment Earnings t O~OOO I 0 ~ 000 TOTAL REVENUES 1,47 J ,640 (30 tOaD) Emp l oyee Benefits 1,461,590 (30~ 000) 1,43 L590 TOT AL EXPEN.DITURES L46 L590 (30,000) NET REVENUES (EXPENDITURES 1 O~ 050 10~O50 BEGINNING FUND BALANCE 14,503 14,503 ENDING FUND BALANCE 24,553 24~553 STREELIGHT PROJECT FUND ~":t.3i~~~.:. _: ':-i"'-;:' REVENUES Trans fers frolH other Fu nd s 800~ 000 800,000 Employee contributions Investment Earnings TOT AL REVENUES 800~OOO Stree] ight project expend iturcs 800~OOO 800,000 TOTAL EXPENDITURES 800,000 NET REVENUES (EXPENDITURES BEGINNING FUND BALANCE ENDING FUND BALANCE Exhibit "A" CITY OF WEST UNIVERSITY PLACE~ TEXAS BUDGET AMENDMENT 2007 Original Budget Amendment l\tlay 3, 2007 CAPITAL PROJECTS FUND REVENUES Proceeds Froln the sale of Bonds Employee contributions Investtnenl Earnings TOTAL REVENUES Acqu ist ion 0 f Park Land TOTAL EXPENDITURES NET REVENUES (EXPENDITURES BEGINNING FUND BALANCE ENDING FUND BALANCE Amendment 23-Jul-07 2,000,000 2,OOO~OOO 2, OOO~ 000 2,000,000 Page 2 of2 2007 Amended Budget 2~OOO,OOO 2,000,000