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HomeMy WebLinkAboutPO 7240: FY23-24 BUDGET AMENDMENT NO. 6 City of 01,40) Dr( rthur'r Tez www.PortArthurTx.gov INTEROFFICE MEMORANDUM Date: April 1, 2024 To: The Honorable Mayor and City Council Through: Ronald Burton, CPM, City Manager From: Lynda"Lyn" Boswell, M.A., ICMA-CM, Finance Director RE: P.O. 7240—FY23-24 Budget Amendment No. 6 Introduction: A budget amendment is requested to increase appropriations in the Capital Improvement Fund by $750,000 for bridges. 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. 24-05. Budget Amendment 3 passed on February 13, 2024 as Ordinance No. 24-06. Budget Amendment 4 passed on February 27, 2024 as Ordinance No. 24-07. Budget Amendment 5 passed on March 5, 2024 as Ordinance No. 24-08. This is the sixth amendment requested for this budget year. Budget Impact: Increased appropriations in the Capital Improvement Fund by $750,000. Recommendation: It is recommended that the City Council approve Proposed Ordinance 7240 to amend the budget as discussed/outlined above. "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. 7240 4/1/2024 bw Page 1 of 3 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 CAPITAL IMPROVEMENT FUND BY $750,000. 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, on February 13, 2024, the City Council approved and adopted Ordinance 24-06, which amended the appropriation of the 2023-2024 budget; and WHEREAS, on February 27, 2024, the City Council approved and adopted Ordinance 24-07, which amended the appropriation of the 2023-2024 budget; and WHEREAS, on March 5, 2024, the City Council approved and adopted Ordinance 24-08, which amended the appropriation of the 2023-2024 budget; and WHEREAS, the expenditure was originally approved for FY 2022-2023 in an amount of $500,000 that was never started; and WHEREAS,the fund balance has the available funds for the FY 2023-2024 budget; and P. O. No. 7240 4/1/2024 bw Page 2 of 3 WHEREAS, the attachment in Exhibit A defines the increased expenditures due to the Texas Department of Transportation review of the City's bridges, requiring immediate repair. 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 Fund's Budget be increased as shown: Fund Description Fund Amount Capital Improvement Fund 307 $750,000 Section 3. That Section 14 of Ordinance 23-34 is amended to read: That there be and is hereby appropriated the sum of Sixty-Two Million, Two Hundred Seventy- Four Thousand, Five Hundred Dollars ($62,274,500) to the Capital Budget for the payment of improvements to City infrastructure, roads and other capital outlay. Fifth Amended Fifth Amended Original Budget Amended Budget No. 6 Appropriation Appropriation Capital Improvement 40,460,000 61,524,500 750,000 62,274,500 Fund Total $750,000 S62,274,500 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. READ,ADOPTED,AND APPROVED, this 9th day of April,2024, AD, at a Regular Meeting of the City Council of the City of Port Arthur, Texas by the following vote: P. O. No. 7240 4/1/2024 bw Page 3 of 3 Ayes: Mayor Councilmembers: NOES: Thurman Bill Bartie Mayor ATTEST: Sherri Bellard, TMRC City Secretary APPROVED AS TO FORM: tf s9uC._ s Black - 'm City Attorney APPROVED FOR ADMINISTRATION: Ronald Burton, CPM City Manager �=. ) dL a Lyn.. "Lyn"Boswell, M.A., ICMA-CM Director of Finance Exhibit "A" Exhibit A Page 1 Reference Fund Amount Increase Fund Number Description PR 23697 General Fund $ 750,000.00 307 TXDOT required repairs $ 750,000.00 Original Budget Fifth Amended Amended Budget g g Sixth Amended Appropriation2 Appropriation No.6 Capitallmprovem 40,460,000 61,524,500 - 61,524,500 Total - 61,524,500