AN
ORDINANCE AMENDING THE BUDGET FOR THE FISCAL YEAR 2007 IN ACCORDANCE
WITH EXISTING STATUTORY REQUIREMENTS; APPROPRIATING THE VARIOUS AMOUNTS
HEREIN; REPEALING ALL PRIOR ORDINANCES AND ACTIONS IN CONFLICT HEREWITH;
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS,
the City Manager of the City of Bastrop has submitted to the Mayor
and Council proposed amendment(s) to the budget of the revenues and/or
expenditures/expenses of conducting the affairs of said city and providing
a complete financial plan for Fiscal Year 2007; and,
WHEREAS,
the Mayor and Council have now provided for and conducted a public
hearing on the budget as provided by law. Now, Therefore:
BE IT ORDAINED
BY THE CITY COUNCIL OF THE CITY OF BASTROP, BASTROP COUNTY, TEXAS:
That the proposed budget
amendments for the fiscal year 2007, as submitted to the City Council
by the City Manager and which budget amendments are attached hereto
as Exhibit “A” is hereby adopted and approved as the amended
budget of said city for Fiscal Year 2007; and
Ordinance and prior actions
in conflict herewith are hereby repealed; and
This Ordinance shall be
and remain in full force and effect from and after its final passage
and publication in accordance with existing statutory requirements,
and
This Ordinance shall become
effective June 12, 2007.
READ and APPROVED on First
Reading on the 22nd day of May 2007.
READ and ADOPTED
on Second Reading on the 12th day of June 2007.
APPROVED:
By: Tom Scott
Mayor
ATTEST:
Teresa Valdez
City Secretary
City of Bastrop
Memorandum
TO: Mayor & City Council
Members
FROM: Lamar Ozley, Finance
Director
SUBJECT: Ordinance Amending Budget
DATE: May 14, 2007
Recommendation:To
approve Ordinance Amending the Budget for previous council actions
anditems needing budget adjustments.
Background:
The city charter requires
that when the budget is amended that the amendment be by ordinance.
Staff is requesting budget amendments for the following:
(1) During the initial
budget process the Main Street Program Fund was not created since
the City had not been declared a Main Street City. Funds are being
transferred from the Bastrop Economic Development Corp. which was
already budgeted and from General Fund to offset costs.
(2) At the City Council meeting on December 12, 2006, the Council
approved the City Manager receiving a $5,000 lump sum payment for
a job well done.
(3) At the City Council meeting on February 13, 2007, the Council
approved entering an agreement with Ray Associates, Inc. to undertake
a comprehensive update of classification systems and employee performance
evaluation and training in the amount not to exceed $47,000.
(4) At the City Council meeting on February 13, 2007, the Council
approved using $10,000 from the CIP General Government Projects/Fire
Dept. Pending Projects for the roof repair at the Fire Station on
Chestnut Street.
(5) At the City Council meeting on December 12, 2006, the Council
approved the issuance of $215,000 in Tax Notes for the purchase of
property. (Parking Lot at the Corner of Main/Spring and property to
expand the Cemetery).
(6) At the City Council meeting on December 19, 2006, the Council
awarded the Riverbank Stabilization Project to Smith Contracting Company,
Inc. in the amount of $409,420. ORCA Grant reimbursement to date has
been $324,692.
(7) At the City Council meeting on January 23, 2007, the Council approved
additional funding to the Bastrop Old Town Visitor’s Center
for a budgeted total of $42,000.
(8) At the City Council meeting on February 27, 2007, the Council
approved granting $10,000 to the Downtown Business Alliance for promotional
funding for the remainder of Fiscal Year 2007.
(9) The furniture and phone system for the library expansion were
delayed until this fiscal year. Funding will decrease fund balance
in the Library Board Fund which was ear-marked for this purpose.
(10) The City bid the Hawthorne/Hill Street Drainage facilities out
with an alternate bid component, lines and/of facilities for the benefit
of BISD. The cost for this alternate bid was reimbursed to the City
by BISD.
(11) At the City Council meeting on December 12, 2006, the Council
approved the issuance of $725,000 in Certificate of Obligation Bonds
for the purpose of infrastructure for, a) drainage improvements on
Cedar, Chamber and North pecan Streets, waterline improvements on
Cedar and North Pecan Streets and wastewater improvements on Cedar
Street, b) purchase of equipment for certain city departments. This
budget amendment creates the Fund that shows revenue received and
then disbursed.
Budget account numbers and amounts are identified on Exhibit A.
