ORD 2008-22 - Amend 2007-08 Budget Amendments 06-03-2008ORDINANCE NO. 2008 -22
AN ORDINANCE OF THE CITY OF HUNTSVILLE, TEXAS, AMENDING THE
FISCAL YEAR 2007 — 2008 ANNUAL BUDGET, ORDINANCE NO. 2007 -26 TO
AMEND ADOPTED EXPENDITURES AND REVENUES OF THE BUDGET;
AND DECLARING AN EFFECTIVE DATE.
WHEREAS, the 2007 - 2008 Annual Budget was adopted by Ordinance 2007 -26 on
September 4, 2007;
WHEREAS, various unforeseen circumstances affecting the City have presented
themselves during the course of the fiscal year;
WHEREAS, the City Council considered the circumstances independently, deliberating
appropriately on the associated revenues and expenditures and the overall impact on the
general financial status of the City;
WHEREAS, pursuant to the laws of the State of Texas and the City Charter of the City
of Huntsville, Texas, the City Council has determined that it will be beneficial and
advantageous to the citizens of the City of Huntsville to amend the 2007 — 2008 budget as
set forth herein; and
WHEREAS, this ordinance combines the independent Council actions into one budget
amendment document;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF HUNTSVILLE, TEXAS, that:
Section 1. The findings set forth above are incorporated into the body of this ordinance.
Section 2. The annual budget for fiscal year 2007 — 2008 is hereby amended to include
the expenditures and revenues described in Exhibit "A" attached hereto and made a part
of this ordinance as if set out verbatim herein.
Section 3. All ordinances of the City in conflict with the provisions of this ordinance are
hereby repealed, and all other ordinances of the City not in conflict with the provisions of
this ordinance shall remain in full force and effect.
Section 4. Should any section, portion, sentence, clause or phrase of this ordinance be
declared unconstitutional or invalid for any reason, it shall not invalidate or impair the
force or effect of any other section or portion of this ordinance.
Section 5. The necessity for amending the budget for the fiscal year, as required by the
laws of the State of Texas, requires that this ordinance shall take effect immediately from
and after its passage, as the law in such cases provides.
Section 6. This ordinance shall take effect immediately after its passage.
PASSED AND APPROVED on this the 3rd day of June 2008.
CITY OF HUNTSVILLE, TEXAS
, Mayor
ATTEST:
AStepi Brim, City Secretary
APPROVED AS TO FORM:
A A A A A/1 A nl�. ?I,*-
Thomas A. L er, it Attorney
Budget Amendments
FY 07.08 Amendments
101
Request to use remaining funds raised by the Main Street Summer Film Festival for the Sign
Grant Program. Life to date revenues: $8,563.52. Life to date expenses: $5,765.82.
Remaining balance: $2,745.86.
Account Name! C
Main Street Grants
101
Amendment needed for remaining expense for Grant Works, which was approved by Council
Feb 6, 2008. Final grant payment was April 2008.
Account Name
- 11 -
-420 -5111 �.Salaries-
Amendment
Fund�s)`Affected ' z ° iJet 6udget,mpact;i!
_'
52720083
_`
220
78,054
'�escrphon
2007 Water fund debt
was estimated for 07 -08 and needs to be Increased.
Fund is
approximately $2.2m.
601
Account #
Account Name
Amount
220-2201-81015
X007 Revenue Bond Princci al� r
40,000
_
220 2201 - 81025
X2007 Revenue Bond Interest
38,054
406,770
_
52720084
302
700,000
206
5,110
601
2,450
618
5,110
101
406,770
220
71,400
221
68,880
224
63,770
603
61,180
612
15,330
claims exceeded revenue by $74,545 as of March 31, 2008. Budget amendment is
i to achieve 25% requirements of claims budgeted, to contribute toward retirement
(GASB 45), and to contribute funding for increased claims. 'See below
Account #
Account Name
Amount
-- - - - - --
302 -43501
--- a s -f -
'Transfer from General Fund
_ 406,770
302 -43503
Transfer from Water Fund ;.
71,400
302 -43504
Transfer from Wastewater Fund
68,880
30.2 -43505
Transfer from Solid Waste Fund
63,770
302 -43514
Transfer from_Street Fund
61,180
302 -43516
Transfer from Cemetery Fund
5,110
302 -43532
Tra nsfer from Cou rt Security . _
2,450
302 -43520
Transfer from SRO
_ 15,330
302 43533
Transfer from Arts
_
206- 1260 -94302 ,
Transfer Insurance Fund �
51110
601- 1601- 94302
Transfer Insurance Fund _
2,450_
618 - 1618 -94302
;Transfer Insurance Fund
5,110
101 -1101 94302;
Transfer Insurance Fund
4.06,770
226-1220-94302
Transfer Insurance Fund I
71,400
221-12-21-94302
Transfer Insurance Fund J J
„ 68,880
224- 1224 -94302
Transfer Insurance Fund
63,770
_.j
603 -1603 943_02
:Transfer Insurance Fund _�_
61,180
_
fi12 -1612 _ 94302'
Transfer Insurance Fund
15,330
` Great West Disbursement 1,961,864
EP51 Disbursements 126,500
Additional claim losses (annually) 149090
2.237,454
@25% 559,364
700,000
General
0.5811
$ 700,000 $
406,770
Water
0.1020
700,000
71,400
Wastewater
0.0984
700,000
68,680
Solid Waste
0.0911
700,000
63,770
Cemetery
0.0073
700,000
5,110
Court Security
0.0035
700,000
2,450
Street
0.0874
700,000
61,180
SRO
00219
700,000
15,330
Arts
0,007 3
700.000
5,110
--
1
700,000