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Ordinance 2015-32 - Ord. 2015-32 - Town Creek grant acceptance budget amendment, 7-7-15ORDINANCE NO. 2015-32 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 and CIP 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 2014 — 2015 and the CIP Budget 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 All ordinances of the City in conflict with the provisions of this ordinance are hereby repealed, and all other ordinances of the City not in conflict with the provisions of this ordinance shall remain in full force and effect.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 and the CIP budget, 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 7t" day of July 2015. THE CITY OF HUNTSVILJ, E, TEXAS oodward, City Secre ry AP D AS TO FORM: d Schneider, City Attorney CIP Budget Amendment FY 14 -15 July 7, 2015 Exhibit A Source: FEMA Grant $ 49,158 Source: Wastewater CIP - Unallocated Budget $ 1,000,000 Source: Wastewater Fund - Unallocated Reserve $ 1,197,288 Increase: Wastewater CIP - Town Creek Drainage $ 2,246,446 Explanation: The updated project budget is $12,207,880 and FEMA has agreed to increase the original request from 2009 to reflect this amount. The $12,207,880 total project budget includes $753,003 of City "In- kind" match leaving a cash budget of $11,454,877 needed for the project. Of the $11,454,877 cash budget required for the project $435,038 has been expended for a net $11,019,839 remaining needed for the project. The City currently has $8,773,393 in the budget for this project ($2,000,000 was added as part of the FY 11 -12 budget process with all of it designated as coming from grant funds and $6,100,000 was added as part of the FY 12 -13 budget process with all of it designated as coming from grant funds; the balance has been added throughout the life of the project since the 09 -10 fiscal year with $557,672 being City funds and $115,721 being grant). The Budget Amendment will increase the project budget by $2,246,446. Of this $2,246,446 budget increase $2,197,288 is City cash match funds and $49,158 is additional grant monies. Of the $2,197,288 City cash match funds $1,000,000 is coming from Wastewater CIP Unallocated Budget and $1,197,288 is coming from Wastewater Fund Unallocated Reserves. After the budget amendment Wastewater CIP Unallocated Budget will have $101,379 remaining and Wastewater Fund Unallocated Reserves will have a balance of $2,129,956 which is $241,904 above the policy minimum of $1,888,052.