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Ordinance 2014-41 - Ord. 2014-41 - budget amendment for calling bonds & way-finding signage - 8-19-14 i ORDINANCE NO. 2014-41 AN ORDINANCE OF THE CITY OF HUNTSVILLE, TEXAS, AMENDING THE 2013-2014 ANNUAL BUDGET AND CAPITAL IMPROVEMENTS PROJECTS (CIP) BUDGETS, ORDINANCE NO. 2013-42 TO AMEND ADOPTED EXPENDITURES OF THE BUDGET; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the 2013-2014 Annual Budget and CIP Budgets were adopted by Ordinance 2013-42 on September 17,2013; 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 Capital Improvements Projects(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 2013 —2014 is hereby amended to include the expenditures and revenues in Exhibit"A" and the Capital Improvements Projects budget is hereby amended to include the expenditures 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 All ordinances of the City in conflict with the provisions of this ordinance are hereby repealed, and all other ordinances of the City not in conflict with the provisions of this ordinance shall remain in full force and effect.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 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 19`h day of August 2014. THE CITY OF HUNTSVILLE,TEXAS Mac Woodward, Maydr ATTEST: APPROVED AS TO FORM: dL Woodward,City SecretaryKnardchneider, City Attorney i Budget-Amendments F 13-'14 ExhibitA Au ust 201 z 4 a. From: General Fund-NonDepartmental-Miscellaneous $ 250,000 To: General Fund-NonDepartmental-Transfer to CIP $ 250,000 Move budget amount for Wayfinding Signage(funding source was General Explanation: Fund Unallocated Reserve). Transfer to a CIP project so funds/budget is available in next year to complete the project. b. Source General Fund-Fund Balance $ 445,000 Increase: General Fund-NonDepartmental-Transfer to Debt Service Fd $ 445,000 Source Transferfrom General Fund $ 445,000 Increase: Debt Service Fund-Principal $ 440,000 Increase: Debt Service Fund-Interest $ 2,000 Increase: Debt Service Fund-Purhased Services/Contracts $ 3,000 Transfer General Fund Fund Balance"Unallocated Reserve"to Debt Service Explanation:',Fund for payment of Principal and accrued Interest on the call of the 2004 Certificates of Obligation and estimated Bond Counsel costs. CIP Budget Amendments FY 13-14 Au ust 19 , 2014 C. Source: Transferfrom General Fund $ 250,000 Increase: 'General CIP-Wa indin Signage Project $ 250,000 Explanation: Budget for Wayfinding Signage Project