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Ordinance 2015-26 - Ord. 2015-26 - Amending 14-15 Budget-Chevy TahoesORDINANCE NO. 2015-26 AN ORDINANCE OF THE CITY OF HUNTSVILLE, TEXAS, AMENDING THE 2014- 2015 ANNUAL BUDGET AND CAPITAL IMPROVEMENTS PROJECTS (CIP) BUDGETS, ORDINANCE NO. 2014 -42 TO AMEND ADOPTED EXPENDITURES OF THE BUDGET; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the 2014 -2015 Annual Budget and CIP Budgets were adopted by Ordinance 2013 -42 on September 16, 2014; 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 2014 -2015 Annual 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 fmdings set forth above are incorporated into the body of this ordinance. Section 2. The annual budget for fiscal year 2014 — 2015 is hereby amended to include the expenditures and revenues 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 All ordinances of the City in conflict with the provisions of this ordinance are hereby repealed, and all other ordinances of the City not in conflict with the provisions of this ordinance shall remain in full force and effect.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 annual budget for FY 2014 -2015, 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 16th day of June 2015. THE CITE OF HUNTSVILLE, TEXAS oodward, C ' Secr Mac"Woodwa}kd, Mayor APP ' 0 AS TO FORM: d Schneider, City Attorney udget Amendments FY 14 June 16, 2015 Exhibit A Increase: Equipment Replacement Fund - Motor Vehicles 123,412 Explanation: The Police Department has four Crown Victoria vehicles that are scheduled for replacement on the FY 15 -16 Vehicle and Equipment Replacement Schedule. Upon replacement, these assets will be sold at auction. While preparing the budget for FY 15 -16, a quote was solicited with estimated pricing effective on October 1, 2015. The estimate that the City received was $37,000 each; which is approximately 20% higher than current pricing. According to the vendor, this is because of supply and demand and that he thinks the price will go back down the following year. It was determined that four 2015 Chevy Tahoe's are currently available for $30,753 each —an approximate savings of $25,000 over the expected 2016 pricing. The Fleet Manager, affected Directors and City Manager believe that the $25,000 in savings is significant enough to present to Council and attempt to purchase the 2015 models in the current FY 14 -15 vs. waiting and purchasing the 2016 models at a higher cost in the scheduled FY 15 -16. The related vehicle equipment consisting of light bars, radios, computers, etc., would not be purchased until the 15 -16 budget year and the vehicles would not be placed into service until that time. Monies for the purchase of the vehicles are available from "lease payments" already made from General Fund to the Equipment Replacement Fund in the amount of $84,144. The final year of lease payments for the vehicles will be made next year in FY 15 -16 totaling $16,752. The remaining $22,696 to cover the balance of the purchase would be able to come from Fund 306 itself from monies received from auction sales.