HomeMy WebLinkAboutPO 7228: FY23-24 BUDGET AMENDMENT NO. 3 aWHHE
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INTEROFFICE MEMORANDUM
Date: February 13, 2024
To: The Honorable Mayor and City Council
Through: Ronald Burton, City Manager
From: Lynda Boswell, Finance Director
RE: P.O. 7228—FY23-24 Budget Amendment No. 3
Introduction: A budget amendment is requested to increase appropriations in the General Fund
by $129,730,the Capital Fund by $1,214,500, Pleasure Island Fund by $286,715, the CDBG-R
by $4,207,068, and the Hazard Mitigation Fund by $35,592,566, that were approved on the
revenue side and prior year appropriations, and should be now approved on the expenditure side
as an additional appropriation.
$1,124,500 is requested to increase the appropriation in Capital Fund due to Certificate of
Obligations appropriated in Prior Year and unspent; $286,715 is requested to increase the
appropriation in Pleasure Island due to grants and land sales received and not appropriated;
$39,824,634 for CDBG-R,Hazard Mitigation,and Pleasure Island for both Grants received,and
grants reimbursable upon expense; $129,730 is requested to increase the appropriation in
General Fund due to settlement received and not appropriated.
Background: The FY 23-24 budget was approved on August 29, 2023 by Ordinance No. 23-
47. Budget amendment 1 passed on October 24, 2023 as Ordinance No. 23-47. Budget
Amendment 2 passed on January 30, 2024 as Ordinance No. 24-5. This is the third amendment
requested for this budget year.
Budget Impact: Increased appropriations in the General Fund by $129,730; the Capital Fund
by $1,214,500, the Pleasure Island Fund by $286,715, the CDBG-DR by $4,207,068, and the
Hazard Mitigation Fund by$35,592,566.
Recommendation: The attached Proposed Ordinance No. 7228 amends the budget to provide
sufficient funding in the General Fund, Capital Fund, the Pleasure Island Fund,the CDBG-DR,
and the Hazard Mitigation Fund. We recommend that the City Council approve it as presented.
"Remember,we are here to serve the Citizens of Port Arthur"
P.O.Box 1089 X Port Arthur,Texas 77641-1089 X 409.983.8101 X FAX 409.982.6743
P. O. No. 7228
02/13/2024 lb
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ORDINANCE NO.
AN APPROPRIATION ORDINANCE AMENDING THE CITY
OF PORT ARTHUR BUDGET FOR THE FISCAL YEAR
BEGINNING OCTOBER 1,2023 AND ENDING SEPTEMBER 30,
2024, INCREASING THE GENERAL FUND BY $129,730,
CAPITAL FUND BY $1,214,500, PLEASURE ISLAND
FUND BY $286,715 THE CDBG-DR BY $4,207,065, AND
THE HAZARD MITIGATION FUND BY$35,592,566
WHEREAS, in accordance with Article XII, Section 2, of the City Charter, the Director of
Finance ensures that budget appropriations are not exceeded; and
WHEREAS, the City Council may make budget amendments for municipal purposes under
Section 102.010 under the Texas Local Government Code; and
WHEREAS,on August 29,2023,the City Council approved and adopted Ordinance 23-34,which
appropriated the 2023-2024 budget; and
WHEREAS, on October 24, 2023, the City Council approved and adopted Ordinance 23-47,
which amended the appropriation of the 2023-2024 budget; and
WHEREAS, on January 30, 2024, the City Council approved and adopted Ordinance 24-05,
which amended the appropriation of the 2023-2024 budget; and
WHEREAS,the City Council has approved resolutions for revenue which does not require budget
amendments; and
WHEREAS,the attachment in Exhibit A allows for the increased expenditures due to the receipt
of revenue.
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" Budget be increased as shown:
General Fund $ 129,730
P. O. No. 7228
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Capital Fund $ 1,214,500
Pleasure Island Fund $ 286,715
CDBG-DR Fund $ 4,207,068
Hazard Mitigation Fund $35,592,566
Section 3. That Section 3 of Ordinance 23-34 is amended to read:
That there be and is hereby appropriated the sum of Eighty Six Million, Seventy Thousand, Fifty
Six Dollars ($86,070,056) for the General Fund; Fifty Five Million, Eight Hundred Seventy Four
Thousand,Five Hundred Dollars($55,874,500) for the Capital Fund; Two Million, Two Hundred
Fifty Three Thousand, Three Hundred Forty Dollars ($2,253,340) for the Pleasure Island Fund;
Fifteen Million, One Hundred Sixty Six Thousand, Five Hundred Twenty Three Dollars
($15,166.523) for the CDBG-DR Fund; Thirty Six Million Ninety Two Thousand Five Hundred
Sixty Six Dollars ($36,092,566)for the Hazard Mitigation Fund.
Second Amended Budget Third Amended
Original Budget Amended No. 3 Appropriation
Appropriation
General Fund 85,614,452 85,940,326 129,730 86,070,056
Capital Fund 40,460,000 54,660,000 1,214,500 55,874,500
Pleasure Island
Fund 1,648,625 1,966,625 286,715 2,253,340
CDBG-DR Fund 10,959,455 4,207,068 15,166,523
Hazard
Mitigation
Fund 500,000 35,592,566 36,092,566
Tota I 41,430,579 195,456,985
Section 4. That a copy of the caption of this Ordinance be spread upon the minutes of the City
Council.
Section 5. That this Ordinance shall be effective immediately.
P. O. No. 7228
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READ,ADOPTED,AND APPROVED,this day of February,2024,AD, at a Regular
Meeting of the City Council of the City of Port Arthur, Texas by the following vote:
Ayes: Mayor
Councilmembers:
NOES:
Thurman Bill Bartie, Mayor
ATTEST:
Sherri Bellard, City Secretary
APPROVED AS TO FORM:
Valecia Tizeno, City Attorney
APPROVED FOR ADMINISTRATION:
Ronald Burton, City Manager
Lyn a Boswell, Director of Finance
EXHIBIT "A"
Exhibit A Page 1
Reference Fund Amount Increase Fund Number Description
Ord 22-73 Capital $ 1,214,500.00 307 Cert of Obligation
22-301 CDBG-DR $ 4,207,068.00 148 Grant
19-290 Hazard Mitigation $ 35,592,566.00 154 Grant
PR-23463 Pleasure Island $ 25,000.00 450 Grant
22-512 Pleasure Island $ 15,115.00 450 Grant
ORD 22-70 Pleasure Island $ 233,100.00 450 Land Sales Rev
ORD 22-91 Pleasure Island $ 13,500.00 450 Land Sales Rev
23-194 General $ 129,730.00 001 Settlement
$ 41,430,579.00
Exhibit A Page 2
Second Amended Amended Budget Third Amended
Original Budget
Appropriation No. 3 Appropriation
General Fund 85,614,452 85,940,326 129,730 86,070,056
Capital Fund 40,460,000 54,660,000 1,214,500 55,874,500
Pleasure Island Fund 1,648,625 1,966,625 286,715 2,253,340
CDBG-DR Fund 10,959,455 4,207,068 15,166,523
Hazard Mitigation Fund 500,000 35,592,566 36,092,566
Total 41,430,579 195,456,985