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HomeMy WebLinkAboutPO 7266: ADOPTING A BUDGET FOR FISCAL YEAR BEGINNING OCTOBER 1, 2024 AND ENDING SEPTEMBER 30, 2025 P. O. No. 7266 9/11/2024 LYN ORDINANCE NO. AN APPROPRIATION ORDINANCE ADOPTING A BUDGET FOR THE ENSUING FISCAL YEAR BEGINNING OCTOBER 1, 2024 AND ENDING SEPTEMBER 30, 2025, IN ACCORDANCE WITH SECTION 7, ARTICLE XII OF THE CHARTER OF THE CITY OF PORT ARTHUR. WHEREAS, the City Council desires to adopt the Budget Fiscal Year 2024-2025; and WHEREAS, this Ordinance is necessary for municipal purposes as delineated under Section 102.009 Local Government Code; and WHEREAS, in accordance with Article XII, Section 5, of the City Charter, at least thirty (30) days prior to October 1, 2024 the beginning of the 2024-2025 fiscal year, the City Manager submitted to the City Council a proposed Budget for said fiscal year; and WHEREAS, pursuant to Section 102.007 (c) of the Texas Local Government Code, the City Council has moved for the adoption of the Budget for Fiscal Year 2024- 2025 as it will raise more revenue from property taxes than last year's budget by an amount of$1,794,627, or 7.34%, and of that amount, $339,959 is tax revenue to be raised from new property added to the tax roll this year as delineated in Exhibit "A"; and WHEREAS, pursuant to Section 102.007 (c) of the Texas Local Government I Code, the City Council has complied by taking a separate vote to ratify the adoption of said Budget for Fiscal Year 2024-2025 as it will raise total property tax revenue as delineated in Exhibit "A"; and I WHEREAS, said vote on the increase in total property tax revenue, as prescribed in Section 102.007 (c) of the Texas Local Government Code, was taken separate from the vote to adopt the budget or a vote to set the tax rate required by Chapter 26 of the Tax Code, or other law; and WHEREAS, in accordance with Sections 102.006 and 102.065 of the Texas Local Government Code, and Article XII, Section 6, of the City Charter, after notice was published not more than 30 days nor less than 10 days prior to the Public Hearing, said Public Hearing was held by the City Council on the proposed Budget on September 23, 2024, said Budget having been on file with the City Secretary more than 15 days before the date of said hearing and more than 30 days before the City Council makes its tax levy for said fiscal year, as required by Sections 102.006 and 102.005, respectively, of the Local Government Code; 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 City Manager's Proposed Budget is hereby adopted and approved. Section 3. That the City Council has taken a separate ratification vote for the adoption of the Budget for Fiscal Year 2024-2025, as it will raise more revenue from property taxes than last year's budget by an amount of $1,794,627, or 7.34%, and of that amount $339,959 is tax revenue to be raised from new property added to the tax roll this year and the result of said Motion as delineated in Exhibit "A". Section 4. That there be and is hereby appropriated the sum of Three Hundred Eighty-Three Million, One Hundred Two Thousand, Nine Hundred Ninety-Three Dollars ($383,102,993) for the payment of the Operating Expenses, and necessary Capital Outlay for the City Government as delineated by Fund in Exhibit "B". READ, ADOPTED, AND APPROVED, this day of September, 2024, A.D., at a Regular Meeting of the City Council of the City of Port Arthur, Texas by the following vote: AYES: Mayor: Council members: NOES: Thurman Bill Bartie, Mayor ATTEST: Sherri Bellard, City Secretary APPROVED AS TO FORM: 0-7t.) OS Roxann Pai Cotroneo City Y Attorne id/ APPROVED FOR ADMINISTRATION: +/// Ron Burton, City Manager APPROVED FOR AVAILABILITY OF FUNDS: / OLD 6Vitt-t-ta Lyn.a :oswell, Finance Director Exhibit A It has been moved that City of Port Arthur adopt and ratify the Budget for Fiscal Year 2024-2025 as it will raise more revenue from property taxes than last year's budget by an amount of$1,794,627, or 7.34%, and of that amount$339,959 is tax revenue to be raised from new property added to the tax roll this year. That said increase has been ratified by the following vote: AYES: Mayor: Council members: NOES: Exhibit B ALL FUNDS SUMMARY FY 24-25 Proposed Revenues Expenditures GOVERNMENTAL FUNDS General Fund $ 96,940,368 $ 96,940,368 Debt Service Fund 36,226,122 36,226,122 GOVERNMENTAL FUNDS 133,166,490 133,166,490 ENTERPRISE FUNDS Water and Sewer Fund 37,190,930 37,190,930 Water and Sewer TWDB 25,336,692 25,336,692 Water and Sewer Capital Project 1,098,400 1,098,400 Solid Waste Fund 13,041,937 13,041,937 Pleasure Island Fund 5,619,708 5,619,708 ENTERPRISE FUNDS 82,287,667 82,287,667 INTERNAL SERVICE FUNDS Hospitalization Insurance Fund 13,086,615 13,086,615 Worker's Compensation Fund 1,007,000 1,007,000 Other Employee Benefits Fund 1,970,500 1,970,500 General Liability Insurance Fund 3,490,554 3,490,554 INTERNAL SERVICE FUNDS 19,554,669 19,554,669 SPECIAL FUNDS Transit Operating Fund 12,151,299 12,151,299 Hotel Occupancy Tax Fund 2,569,136 2,569,136 Library Special Fund 1,600 1,600 Library Trust Fund 30,000 30,000 Police Special Fund (Grants) 1,332 1,332 Police Special Fund 131,000 131,000 Commercial Traffic Enforcement 26,500 26,500 Golf Course Fund 150,000 150,000 Municipal Court Technology Fund 30,000 30,000 FY 24-25 Proposed Revenues Expenditures SPECIAL FUNDS CONTINUED Regulatory Enforcement 869,450 869,450 Tax Increment Reinvestment Zone 89,119 89,119 Health Grants 3,122,920 3,122,920 Community Development Block Grant 1,042,808 1,042,808 Home Grant 1,176,078 1,176,078 CDBG-Disaster Recovery 13,650,000 13,650,000 Texas Park& Wildlife - - Hazard Mitigation 22,400,000 22,400,000 Library Grant - - TCEQ SEP Fund 1,870 1,870 Housing Programs Fund 190,000 190,000 TX Treasury Opioid Trust Fund 137,000 137,000 American Rescue Plan Fund 14,500,000 14,500,000 SPECIAL REVENUE FUNDS 72,270,112 72,270,112 CAPITAL FUNDS Capital Improvement Fund 68,630,076 68,630,076 Capital Reserve Fund 7,193,979 7,193,979 CAPITAL FUNDS 75,824,055 75,824,055 TOTAL FUNDS 383,102,993 383,102,993