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OR 2007-1177 Amending the Budget for FY October 1, 2006 ORDINANCE NO. 2007-1177 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS APPROVING AN AMENDMENT TO THE BUDGET FOR THE CITY FOR THE FISCAL YEAR OCTOBER 1, 2006 THROUGH SEPTEMBER 30, 2007; PROVIDING THAT EXPENDITURES FOR SAID FISCAL YEAR SHALL BE MADE IN ACCORDANCE WITH SAID BUDGET; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the Budget Officer of the City of Coppell, Texas, did on the 5th day of August, 2006, file with the City Secretary, a proposed general budget for the City covering the fiscal year aforesaid, and WHEREAS, the City Council of the City of Coppell approved said budget on the 12th day of September, 2006, and WHEREAS, the governing body of the City has this date considered an amendment to said budget; NOW, THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS: SECTION 1 . That Section No. 2 of Ordinance No. 2006-1135, for the 2006-07 Fiscal Year Budget, is hereby amended as follows: General Fund Current Budget Amending Budget Change Revenues $38,159,806 $44,609,935 $6,450,129 Expenditures Combined Services 2,188,375 2,932,375 744,000 City Management 729,247 759,247 30,000 Legal 1,321,360 1,621,360 300,000 Information Systems 1,614,554 1,649,554 35,000 Parks 1,125,447 1,161,847 36,400 Total Expenditures 1,145,400 Decrease in Designated Fund Balance 0 Net Expenditure Increase 1,145,400 Net Increase in Undesignated Fund Balance $5,304,729 1 Water/Sewer Fund Current Budget Amending Budget Change Revenues 14,408,761 13,098,610 ($1,310,151) Expenses Direct Cost of Water 4,164,097 3,850,000 (314,097) Direct Cost of Sewer 1,724,567 1,550,000 (174,567) Utility Operations 1,725,892 1,845,892 120,000 Decrease in Expenses (368,664) ( Net Decrease in Projected Retained Earnings$941,487) Child Safety Current Budget Amending Budget Change Revenues $20,750 $11,500 ($9,250) Net Decrease in Projected Fund Balance $9,250 Police Spec. Rev. Fund Current Budget Amending Budget Change Revenues $385,075 $523,147 $138,072 Expenditures 142,400 235,159 $92,759 Net Increase in Projected Fund Balance $45,313 Parks Special Revenue Current Budget Amending Budget Change Revenues $8,000 $10,570 $2,570 Net Increase in Projected Fund Balance $2,570 Tree Preservation Fund Current Budget Amending Budget Change Revenues $12,000 $30,500 $18,500 Expenditures 49,164 63,545 14,381 Net Increase in Projected Fund Balance $4,119 Debt Service Fund Current Budget Amending Budget Change Revenues $7,032,705 $7,803,965 $771,260 Net Increase in Projected Fund Balance $771,260 Infrastructure Maint. Fund Current Budget Amending Budget Change Revenues $ 1,135,155 $1,221,310 $86,155 Expenditures $1,256,376 $1,301,964 $45,588 Net Increase Projected Fund Balance $40,567 2 Self Funded Health Plan Current Budget Amending Budget Change Revenues $2,719,048 $2,730,109 $11,061 Expenditures $2,469,048 $2,851,067 $382,019 Net Decrease in Retained Earnings $370,958 Municipal Drainage Fund Current Budget Amending Budget Change Revenues $229,200 $235,000 $5,800 Net Increase in Projected Fund Balance $5,800 Historic Preservation Current Budget Amending Budget Change Revenues $252,000 254,000 $2,000 Net Increase in Projected Fund Balance $2,000 Donations-Special Revenue Current Budget Amending Budget Change Revenues $43,925 $66,800 $22,875 Expenditures 60,630 78,000 17,370 Net Increase in Projected Fund Balance $5,505 Recreational Programs Current Budget Amending Budget Change Revenues $338,000 $362,500 $24,500 Net Increase in Projected Fund Balance $24,500 C.E.D.C. Special Revenue Current Budget Amending Budget Change Revenues $4,800,000 $5,531,785 $731,785 Net Increase in Projected Fund Balance $731,785 Municipal Court Spec. Rev. Current Budget Amending Budget Change Expenditures 0 $500 $500 Net Decrease in Projected Fund Balance $500 CRDC Special Revenue Current Budget Amending Budget Change Revenues $3,829,630 $4,756,785 $927,155 Expenditures 441,816 2,772,512 $2,330,696 Net Decrease in Projected Fund Balance $1,403,541 3 CRDC Debt Service Fund Current Budget Amending Budget Change Revenues $772,370 Net Increase in Projected Fund Balance $780,370 $8,000 $8,000 SECTION 2. EFFECTIVE DATE. That this ordinance shall become effective immediately from and after its passage as the law and charter in such cases provide. DULY PASSED and adopted by the City Council of the City of Coppell, Texas, on the ~y of August, 2007. ATTEST: ~ Idc-L/ / ill Y BAL, ITY SECRETARY APPROVED AS TO FORM: Qr\a ( \! ') J, 4Jf - ~ 4