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HomeMy WebLinkAboutPO 6618: MID-YEAR BUDGET AMENDMENT Energy _ 4 City of city 10 ort rthur Trrcis INTEROFFICE MEMORANDUM Office of the Finance Department Date: April 19, 2017 To: Brian McDougal, City Manager From: Rosie Vela, Interim Finance Director RE: Mid-Year Budget Amendment Nature of the request: History: During the first six months of this fiscal year, several items came up which required additional funding. A budget amendment was approved for the City Secretary in November 2016. At this time, several other items have arisen which require a budget amendment. One of the items involves incentive payments for enhanced development in the City of Port Arthur. The second item provides funds to pay for the City's share of the Park Pavilion Project which was originally budgeted in the previous fiscal. The project was not completed in that year. Staff Analysis, Considerations: There are sufficient funds available in the General Fund to pay these required payments and still have a healthy reserve. The unassigned Fund Balance will be $23,451,947 at the end of this fiscal year if all other revenues and expenditures come in as budgeted. Recommendation: The attached Proposed Ordinance No. 6618 amends the budget to reflect required payments and we recommend that the City Council approve it as presented. Budget Considerations: As shown. "Remember we are here to serve the Citizens of Port Arthur" P.O BOX 1089•PORT ARTHUR,TEXAS 77641-1089•409/983-8100•www.portarthur.net \ \ A.,,, -____,_. 4, City of _ Itiai iliort r t h tc r'��- Texas INTEROFFICE MEMORANDUM Office of the Finance Department Date: April 19, 2017 To: Brian McDougal, City Manager From: Rosie Vela, Interim Finance Director RE: Mid-Year Budget Amendment Nature of the request: History: During the first six months of this fiscal year, several items came up which required additional funding. A budget amendment was approved for the City Secretary in November 2016. At this time, another item has arisen which requires a budget amendment. It involves incentive payments for enhanced development in the City of Port Arthur. Staff Analysis, Considerations: There are sufficient funds available in the General Fund to pay these required payments and still have a healthy reserve. The unassigned Fund Balance will be $23,661,947 at the end of this fiscal year if all other revenues and expenditures come in as budgeted. Recommendation: The attached Proposed Ordinance No. 6618 amends the budget to reflect required payments and we recommend that the City Council approve it as presented. Budget Considerations: As shown. "Remember we are here to serve the Citizens of Port Arthur" P.O BOX 1089-PORT ARTHUR,TEXAS 77641-1089•409/983-8100•www.portarthur.net P. O. NO. 6618 RV 04.19.17 ORDINANCE NO. AN APPROPRIATION ORDINANCE AMENDING THE CITY OF PORT ARTHUR BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2016 AND ENDING SEPTEMBER 30, 2017 BY $373,600.00 FOR THE GENERAL FUND AS SHOWN IN EXHIBIT A. WHEREAS, in accordance with Article XII, Section 9, of the City Charter, the City Council may make emergency appropriations from time to time; and WHEREAS, the City Council may make budget amendments for emergencies under Section 102.009 and for Municipal purposes under Section 102.010 Local Government Code; WHEREAS, on September 29, 2016, the City Council approved and adopted Ordinance 16-60 which appropriated the 2016-2017 budget. NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR: Section 1. That the facts and opinions in the preamble are true and correct. Section 2. That the following funds/departments Budget be increased as shown: General Fund Administration $373,600 Section 3. That Section 4 of Ordinance 16-60 is amended to read: That there be and is hereby appropriated the sum of Seventy Two Million, Twenty Thousand, Three Hundred Forty Three Dollars ($72,020,343) to the General Fund for the payment of the Operating Expenses, and necessary Capital Outlay for the City Government for the following Departments and uses: Department or Use Amended Inc./(Dec) Amended Budget Appropriation Budget Administration $ 1,688,672 373,600 $ 2,062,272 City Secretary 1,582,113 1,582,113 City Attorney 780,938 780,938 Finance 3,430,311 3,430,311 Human Resources 725,234 725,234 Development Services 5,849,679 5,849,679 Civic Center 795,848 795,848 Parks and Recreation 2,486,208 2,486,208 Library 1,270,867 1,270,867 Police 18,674,415 18,674,415 Fire 13,132,811 13,132,811 Health 1,327,698 1,327,698 Public Works 17,515,149 17,515,149 Transfers to Other Funds 2,386,800 2,386,800 Total $ 71,646,743 $ 373,600 $ 72,020,343 Section 4. The unassigned Fund Balance will be $23,661,947 at the end of this fiscal year if all other revenues and expenditures come in as budgeted. Section 5. That a copy of the caption of this Ordinance be spread upon the minutes of the City Council. Section 6. That this Ordinance shall be effective immediately. READ, ADOPTED, AND APPROVED, this day of April, 2017, AD, at a Regular Meeting of the City Council of the City of Port Arthur, Texas by the following vote: Ayes: Mayor Councilmembers: NOES: Derrick Freeman, Mayor ATTEST: Sherri Bellard, City Secretary APPROVED AS TO FORM: Valecia Tizeno, City Attorney APPROVED FOR ADMINISTRATION: Brian McDougal,City Manager Rosie Vela, Interim Director of Finance EXHIBIT "A" Q 1- a m X LU N u 1-4 CO L L}L C ).- O L v L+ > i, 1m-1 C L L a) L.1- > > C L L L ._ O CO CO C 4- 0. Q 0a) O O V 0.) tO 13 O O (Ta OC 00 O O Q t0 t0 .7 0 1--1 r1 y I m v). 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