06 2007-2008 Budget Amendments
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CITY OF PARIS, TEXAS
CITY COUNCIL AGENDA REQUEST
MEETING DATE: I October 8,2007
o Discussion Dlnformation DRefer to:
1
SUBMITTED BY:
l Gene Anderson, Finance Director
DESCRIPTION:
This ordinance amends the 2007-08 Budget.
BACKGROUND INFORMATION:
This ordinance increases various capital line items in the General and Water &
Sewer Funds as directed by the Council. It also formally recognizes the wish of the
Council to transfer $1,250,000 from the General Fund surplus to help establish a
Capital Projects fund from which to make future capital expenditures. This
ordinance also formally recognizes the Council desire to transfer an additional
$624,681 to be spent as follows: (1) $305,000 for the partial payoff of the General
Fund portion of a lease-purchase agreement with Liberty National Bank (only year
3 payments to be funded in the 2008-09 Budget will not be paid off at this time). (2)
$319,681 for the purchase of capital items. This dollar amount being determined
by adding $188,177 to purchase capital items in the 07-08 Budget plus $436,504
to purchase capital items in the 07-08 Budget originally scheduled to be lease-
purchased less $305,000 which represents the early payoff of the General Fund
portion of the lease-purchase agreement with Liberty National Bank.
FISCAL AUTHORITY:
I See attached document
LEGAL REVIEW:
MANAGER'S RECOMMENDATION:
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DRAFT
ORDINANCE NO.
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS,
TEXAS, AMENDING THE BUDGET FOR THE ENSUING FISCAL PERIOD
BEGINNING OCTOBER 1, 2007, AND ENDING SEPTEMBER 30, 2008, AS
AMENDED, IN ACCORDANCE WITH THE CHARTER OF THE CITY OF
PARIS; APPROPRIATING THE VARIOUS AMOUNTS THEREOF; MAKING
OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT;
REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN
CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Manager of the City of Paris has submitted to the City Council
amendments to the 2007-2008 Budget of the revenues of the City and the expenses of
conducting the affairs thereof and providing a complete financial plan for the ensuing fiscal
period, beginning October 1, 2007, and ending September 30, 2008; and,
WHEREAS, on October 8,2007, a public hearing was held before the City Council
on the proposed amendments to the 2007-2008 Budget to allow proponents and
opponents of the Budget Amendments an opportunity to be heard as required by Article V,
Section 50, of the City Charter of the City of Paris, and the City Council is of the opinion
that the proposed amendments to the 2007-2008 Budget, should be approved and
adopted as set out herein;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
PARIS, TEXAS:
Section 1. That the findings set out in the preamble to this ordinance are hereby in
all things approved.
Section 2. That the proposed amendments to the budget of the revenues of the
City of Paris and the expenses of conducting the affairs thereof, providing a complete
financial plan for the ensuing fiscal period beginning October 1, 2007, and ending
September 30, 2008, as submitted to the City Council by the City Manager, be, and the
same are in all things, approved, adopted, and incorporated herein by reference for all
purposes, as the budget of all of the current expenses as well as the fixed charges against
the City for the fiscal period beginning October 1,2007, and ending September 30,2008.
Section 3. That the sum of $397,358 is hereby appropriated out of the General
Fund for the payment of operating expenses and capital outlay of the City Government as
follows:
Proposed Increases:
01-1004-31-99 Motor Vehicles
01-1004-41-99 Motor Vehicles
01-1002-43-99 Equipment
01-0915-46-99 Oil Tank
01-1004-46-99 Motor Vehicles
01-1004-54-99 Motor Vehicles
Total General Fund
$125,360
$ 21,000
$ 14,998
$ 54,000
$ 83,000
$ 99,000
$397,358
Section 4. That the sum of $133,898 is hereby appropriated out of the Water &
Sewer Fund for the payment of operating expenses and capital outlay of the City
Government as follows:
10-0412-83-00 Water Lines
10-0412-85-00 Sewer Lines
Total Water & Sewer
$ 66,949
$ 66.949
$ 133,898
Section 5. That the sum of $1 ,874,681 is hereby appropriated out of the General
Fund for the payment of capital outlay of the City Government as follows:
Transfers from the General Fund
Transfer of $1 ,250,000 to the Capital Projects Fund to establish an equipment
replacement fund.
Transfer of $305,000 to the Capital Projects Fund to partially payoff the General
Fund portion of a lease-purchase agreement.
Transfer of $319,681 to the Capital Projects Fund to purchase capital items
Section 6. That all provisions of the ordinances of the City of Paris, Texas in
conflict with the provisions of this ordinance are hereby repealed, and all other provisions
of the ordinances of the City of Paris not in conflict with the provisions of this ordinance
shall remain in full force and effect.
Section 7. That it is the intention of the City Council of the City of Paris that this
ordinance, and every provision hereof, shall be considered severable, and the invalidity or
partial invalidity of any section, clause, or provisions of this ordinance shall not affect the
validity of any other portion of this ordinance.
Section 8. That this ordinance shall be and remain in full force and effect from and
after its passage and approval by the City Council of the City of Paris and publication as
required by law.
READ, ADOPTED, AND APPROVED BY THE CITY COUNCIL at a regular meeting
duly called and held at the City Council Chamber, 107 E. Kaufman in the City of Paris on
this the 8th day of October, 2007.
Jesse James Freelen, Mayor
ATTESTED:
Janice Ellis, City Clerk
APPROVED AS TO FORM:
Kent Mcllyar. City Attorney