HomeMy WebLinkAbout07349ORDINANCE NO. 7349
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 2005 AND AMENDING THE BUDGET FOR THE YEAR 2005
BE IT ORDAINED BY THE CITY OF PUEBLO that:
SECTION 1.
The budget for the fiscal year 2005, with amendments made there to 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 2005 is hereby amended as follows:
SOURCE
ORIGINAL
AMENDED
Taxes
56,493,431
50,355,145
Licenses & Permits
550,500
550,500
Intergovernmental
1,178,027
1,178,027
Charges for Service
3,200,167
3,200,167
Fines & Forfeits
1,718,250
1,718,250
Other Revenue
814,800
829,800
Transfers In
3,233,559
3,302,559
Fund Balance
1,664,160
2,306,626
GENERAL FUND TOTAL 68,852,894 63,441,074
SECTION 3.
The General Fund Expenditure budget by Department for the Fiscal Year 2005 is hereby
amended as follows:
SOURCE ORIGINAL AMENDED
General Government
7,420,131
7,619,217
Police
21,355,032
21,370,032
Fire
12,445,188
12,445,188
Public Works
7,149,539
7,149,539
Parks
3,995,770
3,995,770
Non - Departmental
4,991,520
5,083,426
Transfers Out
11,495,714
5,777,902
GENERAL FUND TOTAL
68,852,894
63,441,074
SECTION 4.
The revenue of Special Revenue Funds, Enterprise Funds, Debt Service Fund, and Capital
Project Funds for the Fiscal Year 2005 are hereby amended as follows:
OTHER FUNDS ORIGINAL AMENDED
INTERGOVERNMENTAL
4,495,000
4,584,000
SPECIAL CHARGES
2,442,575
2,507,575
SPECIAL DISTRICT
272,238
272,238
OTHER SPECIAL REVENUE
310,132
310,132
HUD GRANTS
9,754,573
9,789,647
PUBLIC IMPROVEMENT GRANTS
18,804,715
12,523,163
DEBT SERVICE FUND
2,804,192
2,804,192
ECONOMIC DEVELOPMENT TAX
19,466,149
38,339,052
HARP
92,164
13,216
EL PUEBLO
238,713
184,283
ARKANSAS LEGACY PROJECT
3,615,753
924,020
ELMWOOD GOLF COURSE
1,330,816
1,350,816
WALKINGSTICK GOLF COURSE
1,349,064
1,959,064
MEMORIAL AIRPORT
1,430,176
5,664,769
PUEBLO TRANSIT
3,871,043
4,399,816
PARKING FACILITIES
347,248
351,048
SEWER USER FUND
14,186,185
15,920,089
STORMWATER UTILITY
3,575,017
3,575,087
INTERNAL SERVICE FUNDS
4,381,678
4,536,678
SECTION 5.
Budgeted expenditures for the Special Revenue Funds, Enterprise Funds, Debt Service Fund,
and Capital Projects Funds for the Fiscal Year 2005 are hereby amended as follows:
OTHER FUNDS ORIGINAL AMENDED
INTERGOVERNMENTAL
4,495,000
4,584,000
SPECIAL CHARGES
2,442,575
2,507,575
SPECIAL DISTRICT
272,238
272,238
OTHER SPECIAL REVENUE
310,132
310,132
HUD GRANTS
9,754,573
9,789,647
PUBLIC IMPROVEMENT GRANTS
18,804,715
12,523,163
DEBT SERVICE FUND
2,804,192
2,804,192
ECONOMIC DEVELOPMENT TAX
19,466,149
38,339,052
HARP
92,164
13,216
EL PUEBLO
238,713
184,283
ARKANSAS LEGACY PROJECT
3,615,753
924,020
ELMWOOD GOLF COURSE
1,330,816
1,350,816
WALKINGSTICK GOLF COURSE
1,349,064
1,959,064
MEMORIAL AIRPORT
1,430,176
5,664,769
PUEBLO TRANSIT
3,871,043
4,399,816
PARKING FACILITIES
347,248
351,048
SEWER USER FUND
14,186,185
15,920,089
STORMWATER UTILITY
3,575,017
3,575,087
INTERNAL SERVICE FUNDS
4,381,678
4,536,678
SECTION 6.
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.
SECTION 7.
This Ordinance shall become effective upon passage.
INTRODUCED July 11, 2005
BY Michael Occhiato
Councilperson
APPROVED:
ATTESTED BY:
CITY CLERIC
2� �.
PASSED AND APPROVED July 25, 2005
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Background Paper for Proposed
ORDINANCE
AGENDA ITEM # ajok
DATE: July 11, 2005
DEPARTMENT: FINANCE/ ROBERT HAIN CPA, DIRECTOR OF FINANCE
TITI ,F.
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 2005 AND
AMENDING THE BUDGET FOR THE YEAR 2005
ISSUE
Should the City Council amend the original budget?
RECOMMENDATION
Adopt the Ordinance as proposed.
BACKGROUND
During the first six months of 2005, City Council adopted several ordinances amending the
budget. In addition, budgets still exist from projects that began in a prior year and not yet
completed, as well as encumbrances and other obligations carried forward from prior year.
Since the 2005 budget was finalized in November of 2004, the 2005 original budget
estimated the year -end balance of these projects. This amending ordinance will reflect the
exact amount of project balance in each fund as well as other adjustments to budget estimates
that are of a housekeeping nature. In addition, other adjustments not previously made by
Ordinance, but deemed urgent and necessary to the operations of the City, are also included
in this Ordinance.
In years past, this type of ordinance was only presented at the end of the year, but beginning
in 2004 a mid -year budget ordinance was introduced to facilitate better monitoring of the
City's on -going capital construction and grant- funded projects. The 2005 mid -year budget
ordinance is continuing the process that began in 2004 to increase the monitoring of the
City's financial position.
FINANCIAL IMPACT
This action will change the total budget appropriation for 2005 as noted above.