Ordinance 2015-41 - Ord. 2015-41 - budget amendment for paying off GO bonds - 9-1-15ORDINANCE NO. 2015-41
AN ORDINANCE OF THE CITY OF HUNTSVILLE, TEXAS, AMENDING THE 2014-
2015 ANNUAL BUDGET, 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 2014 -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 findings 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 All ordinances of the City in conflict with the provisions of this ordinance are hereby repealed,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 budget for the Capital Improvements Projects, 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 1st day of September, 2015.
THE CITY OF HUNTSVILLE, TEXAS
Ma Woodw rd, Ma or
APP ' . I VED AS TO FORM:
chneider, City Attorney
Exhibit A
Source! General Fund - Fund Balance /Unallocated Reserve $ 719,728
Increase: General Fund - NonDepartmental - Transfer to Debt Service Fd $ 719,728
Source Transfer from General Fund
Increase: Debt Service Fund - Principal
Increase: Debt Service Fund - Interest
Increase: Debt Service Fund - Purhased Services /Contracts
Explanation:
$ 719,728
$ 715,000
$ 1,728
$ 3,000
Transfer General Fund Fund Balance "Unallocated Reserve" to Debt Service
Fund for payment of Principal and accrued Interest on the call of the 2009
General Obligation Bonds and estimated Bond Counsel costs.