Loading...
HomeMy WebLinkAboutPO 7242: FY23-24 BUDGET AMENDMENT NO. 7 or! rthtt www.PortArthurTx.gov INTEROFFICE MEMORANDUM Date: April 12, 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. 7242—FY23-24 Budget Amendment No. 7 Introduction: A budget amendment is requested to increase appropriations in the General Fund by $690,975 for settlements, grant; and previous FY22 commitment; in Home Grant Fund by $1,000,453 for additional grant; and General Liability Fund for costs associated with liability to be paid from fund balance. 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. Budget Amendment 6 passed on April 9, 2024 as Ordinance No. 24-16 Budget Impact: Increased appropriations in the General Fund by$690,975,the Home Grant Fund by$1,000,453; and the General Liability Fund by $1,957,833. Recommendation: It is recommended that the City Council approve Proposed Ordinance 7242 to amend the budget as discussed/outlined above. "Remember. IAe 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. 7242 4/12/2024 LB Page 1 of 4 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 $690,975, THE HOME GRANT FUND BY $1,000,453, AND THE GENERAL LIABILITY FUND BY $1,957,833. 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, on April 9, 2024, the City Council approved and adopted Ordinance 24-16, which amended the appropriation of the 2023-2024 budget; and P. O. 7242 4/12/2024 LB Page 2 of 4 WHEREAS,the City Council has approved resolutions for revenue which does not require budget amendments; and WHEREAS,the fund balance has the available funds for the FY 2023-2024 budget; and WHEREAS, the attachment in Exhibit A defines the increased expenditures due to settlements received, a new grant, and a resolution adopted but not appropriated for FY 2023-24. 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 General Fund 001 $690,975 Home Grant Fund 108 $1,000,453 General Liability Fund 612 $1,957,833 Section 3. That Section 4 of Ordinance 23-34 is amended to read: That there be and is hereby appropriated the sum of Ninety Million, Two Hundred Three Thousand, One Hundred Fifty-One Dollars ($90,203,151) for the General Fund; One Million, Seven Hundred Twenty-Three Thousand, Seventy-Eight Dollars($1,723,078) for the Home Grant Fund. Section 4. That Section 13 of Ordinance 23-34 is amended to read: That there be and is hereby appropriated the sum of Five Million,Five Hundred Fifty-Seven Thousand,Eight Hundred Thirty- Three Dollars ($5,557,833). P. O. 7242 4/12/2024 LB Page 3 of 4 Original 2nd Amended 5th Amended Amended Seventh Budget Appropriation Appropriation Budget No. Amended 7 Appropriation General Fund 85,614,452 85,940,326 89,512,176 690,972 90,203,151 Home Grant - 722,625 - 1,000,453 1,723,078 General Liability Fund 3,600,000 1,957,833 5,557,833 Total $3,649,261 S97,484,062 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 23rd day of April,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, TMRC City Secretary P. O. 7242 4/12/2024 LB Page 4 of 4 APPROVED AS TO FORM: J q Black Inm City Attorney APPROVED FOR ADMINISTRATION: Ronald Burton, CPM City Manager 69J-(Lae yn a"Lyn" Boswell, M.A., ICMA-CM Director of Finance Exhibit "A" � J Q) 4'd a) Ec C N o LU U J N O N w >. LL L 'O w c C C a c a) a) a) a) • U LL E E L) U O C +-+ a1 Cl) C C f9 C a.+ f4 (0 aca " +� +5a, co ex)a) m N m m U T J J C Cc fC C C LL Z �- (7 LL LL ri e--I CO N N O � � r-1 LO L0 L a) t"I C Cl) a. -a Q = LL. .Q LE 0 0 0 0 0 0 0 0 O O O O O o O LU O O Oi k.D m CO Ln ei O l0 N 00 N L11 %D N 0 N O1 N V O N N t4 O 00 m 00 o o N O1 azr L Lrf i N 0 CA CO cr o LD U C c-1 a-i M a+ C C0 C Q in. in. tn. tn C C LL C 'O -6 70 CCCC Ct9 0 f0 L!_ LL L.L L1 R J J co (C 00 CO (9 CO CO a) Cl) a Cl) Cl) a) c CCCCCCC U O LC r-1 ("4 N m N C N r-1 c-1 (3) r-1 kr) N N m N N L ,} N N N N N N N a) a) m z z a) CC m CC m aL CL a m CL a Exhibit A Page 2 Original 2nd Amended 5th Amended Amended Budget Seventh Budget Appropriation Appropriation No. 7 Amended _ Appropriation General Fund 85,614,452 85,940,326 89,512,176 690,975 90,203,151 Home Grant Fund - 722,625 - _ 1,000,453 1,723,078 General Liability Fund 3,600,000 1,957,833 5,557,833 Total _ 3,649,261 97,484,062