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HomeMy WebLinkAbout08438ORDINANCE NO. 8438 AN ORDINANCE AMENDING APPROPRIATIONS AND COMPILING PREVIOUS AMENDMENTS TO THE GENERAL FUND, SPECIAL REVENUE FUNDS, ENTERPRISE FUNDS, INTERNAL SERVICE FUNDS, DEBT SERVICE FUNDS, AND CAPITAL PROJECT FUNDS FOR THE FISCAL YEAR 2011 AND AMENDING THE BUDGET FOR THE YEAR 2011. BE IT ORDAINED BY THE CITY OF PUEBLO that: SECTION 1. The budget for the fiscal year 2011, with amendments made thereto by the City Council, the original of which is on file with the Director of Finance, is incorporated herein in full, and hereby approved. SECTION 2. The General Fund Revenue for Fiscal Year 2011 is hereby amended as follows: SOURCE ORIGINAL FINAL AMENDED Taxes 59,029,598 59,029,598 Licenses & Permits 598,500 598,500 Intergovernmental 1,891,704 1,891,704 Charges for Service 3,383,706 3,383,706 Fines & Forfeits 2,600,800 2,600,800 Other Revenue 256,300 496,300 Transfers In 4,298,406 4,445,406 Fund Balance 4,744,361 5,714,538 General Fund Total 76,803,375 78,160,552 SECTION 3. The General Fund Appropriation by Department for the Fiscal Year 2011 is hereby amended as follows: SOURCE ORIGINAL FINAL AMENDED General Government 9,941,342 9,996,342 Police 25,953,712 26,003,712 Fire 15,133,579 15,133,579 Public Works 8,010,262 8,010,262 Parks 4,997,810 4,997,810 Non-Departmental 5,366,436 5,543,436 Transfers Out 7,400,234 8,475,411 General Fund Total76,803,375 78,160,552 SECTION 4. The estimated Revenues as well as the budgeted Expenditures of the Special Revenue Funds, Enterprise Funds, Internal Service Funds, Debt Service Funds, and Capital Project Funds for the Fiscal Year 2011 are hereby amended as follows: OTHER FUNDS ORIGINAL FINAL AMENDED INTERGOVERNMENTAL 4,957,450 5,498,789 SPECIAL CHARGES 2,762,340 4,064,214 SPECIAL DISTRICT 650,461 650,461 OTHER SPECIAL REVENUE 175,090 175,090 HUD GRANTS 9,057,068 11,495,325 PUBLIC IMPROVEMENTS 18,467,910 33,378,536 DEBT SERVICE FUND 3,337,582 3,337,582 ECONOMIC DEVELOPMENT TAX 16,618,160 20,765,173 HARP 467,545 445,723 STIMULUS GRANTS 11,227,210 10,397,727 ARKANSAS LEGACY PROJECT 665,404 599,453 LAKE MINNEQUA 238,223 1,194,755 POLICE BUILDING 1,066,953 4,207,759 ELMWOOD GOLF COURSE 1,168,439 1,168,439 WALKINGSTICK GOLF COURSE 1,013,542 2,748,542 HONOR FARM PROPERTIES 350,385 1,589,555 MEMORIAL AIRPORT 11,154,383 11,023,839 PUEBLO TRANSIT 4,379,521 5,002,212 PARKING FACILITIES 963,294 963,294 SEWER USER FUND 12,457,355 40,301,474 STORMWATER UTILITY 2,710,000 5,637,471 INTERNAL SERVICE FUNDS 5,359,512 6,159,512 SECTION 5. No expenditures shall be made or warrants issued against any monies appropriated, except in strict conformity with the Charter of the City of Pueblo and in accordance with the provisions of this Ordinance. INTRODUCED December 27, 2011 BY: Leroy Garcia COUNCIL PERSON PASSED AND APPROVED: January 9, 2012 Background Paper for Proposed ORDINANCE DATE: AGENDA ITEM # R-3 DECEMBER 27, 2011 DEPARTMENT: FINANCE DEPARTMENT SAM AZAD,FINANCE DIRECTOR TITLE AN ORDINANCE AMENDING APPROPRIATIONS AND COMPILING PREVIOUS AMENDMENTS TO THE GENERAL FUND, SPECIAL REVENUE FUNDS, ENTERPRISE FUNDS, INTERNAL SERVICE FUNDS, DEBT SERVICE FUNDS, AND CAPITAL PROJECT FUNDS FOR THE FISCAL YEAR 2011 AND AMENDING THE BUDGET FOR THE YEAR 2011. ISSUE Should the City Council amend the original budget Ordinance to incorporate changes made throughout the year? RECOMMENDATION Approval. BACKGROUND In November of 2010 City Council adopted the City Budget for the year 2011. During the year, due to various operational changes, City Council adopted several Ordinances and Resolutions amending that budget. This Ordinance also provides for changes and corrections dictated through the year-end closing process, as well as makes adjustments to departmental budgets as necessary. This Ordinance accumulates all of these items into one summary Ordinance, which reflects the final revised City Budget for the year 2011. FINANCIAL IMPACT This action summarizes previously approved Council and administrative changes to the budget, and makes budget changes needed.