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Home My WebLink About07493SUBSTITUTED COPY JULY 24, 2006 ORDINANCE NO. 7493 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 2006 AND AMENDING THE BUDGET FOR THE YEAR 2006 BE IT ORDAINED BY THE CITY OF PUEBLO that: SECTION 1. The budget for the fiscal year 2006, 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 2006 is hereby amended as follows: SOURCE ORIGINAL AMENDED Taxes 53,447,969 53,447,969 Licenses & Permits 532,500 532,500 Intergovernmental 1,332,627 1,332,627 Charges for Service 3,064,089 3,106,584 Fines & Forfeits 1,862,500 1,862,500 Other Revenue 668,500 668,500 Transfers In 2,941,397 2,995,397 Fund Balance 1,991,129 2,882,578 GENERAL FUND TOTAL 65,840,711 66,828,655 SECTION 3. The General Fund Expenditure budget by Department for the Fiscal Year 2006 is hereby amended as follows: SOURCE ORIGINAL AMENDED General Government 7,909,324 8,001,006 Police 22,105,403 22,181,898 Fire 13,052,273 13,052,273 Public Works 7,531,395 7,531,395 Parks 4,065,742 4,085,742 Non - Departmental 5,008,764 5,296,531 Transfers Out 6.167.810 6.679.810 SECTION 4. The revenue of Special Revenue Funds, Enterprise Funds, Debt Service Fund, and Capital Project Funds for the Fiscal Year 2006 are hereby amended as follows: OTHER FUNDS ORIGINAL AMENDED INTERGOVERNMENTAL 4,480,000 4,514,000 SPECIAL CHARGES 2,370,995 2,424,995 SPECIAL DISTRICT 234,021 234,021 OTHER SPECIAL REVENUE 362,050 362,050 HUD GRANTS 8,393,314 11,437,735 PUBLIC IMPROVEMENT GRANTS 7,806,313 12,000,072 DEBT SERVICE FUND 2,818,769 2,818,769 ECONOMIC DEVELOPMENT TAX 41,306,572 34,916,755 HARP 2,716,784 EL PUEBLO 58,475 62,776 ARKANSAS LEGACY PROJECT 1,035,769 944,641 POLICE BUILDING 13,000,000 13,000,000 ELMWOOD GOLF COURSE 1,315,225 1,315,225 WALKINGSTICK GOLF COURSE 1,321,440 1,507,365 MEMORIAL AIRPORT 1,645,790 5,471,792 PUEBLO TRANSIT 3,854,840 4,532,623 PARKING FACILITIES 385,615 385,615 SEWER USER FUND 7,592,972 10,902,494 STORMWATER UTILITY 2,874,211 3,617,090 INTERNAL SERVICE FUNDS 5,408,171 5,408,171 SECTION 5. Budgeted expenditures for the Special Revenue Funds, Enterprise Funds, Debt Service Fund, and Capital Projects Funds for the Fiscal Year 2006 are hereby amended as follows: OTHER FUNDS ORIGINAL AMENDED INTERGOVERNMENTAL 4,480,000 4,514,000 SPECIAL CHARGES 2,370,995 2,424,995 SPECIAL DISTRICT 234,021 234,021 OTHER SPECIAL REVENUE 362,050 362,050 HUD GRANTS 8,393,314 11,437,735 PUBLIC IMPROVEMENT GRANTS 7,806,313 12,000,072 DEBT SERVICE FUND 2,818,769 2,818,769 ECONOMIC DEVELOPMENT TAX 41,306,572 34,916,755 HARP 1,645,790 2,716,784 EL PUEBLO 58,475 62,776 ARKANSAS LEGACY PROJECT 1,035,769 944,641 POLICE BUILDING 13,000,000 13,000,000 ELMWOOD GOLF COURSE 1,315,225 1,315,225 WALKINGSTICK GOLF COURSE 1,321,440 1,507,365 MEMORIAL AIRPORT 1,645,790 5,471,792 PUEBLO TRANSIT 3,854,840 4,532,623 PARKING FACILITIES 385,615 385,615 SEWER USER FUND 7,592,972 10,902,494 STORMWATER UTILITY 2,874,211 3,617,090 INTERNAL SERVICE FUNDS 5,408,171 5,408,171 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 or this Ordinance. SECTION 7. This Ordinance shall become effective upon passage. INTRODUCED: July 10, 2006 BY: Randy Thurston COUNCILPERSON APPROVED: �•� President of City Council ATTESTED BY: CITY CLERK PASSED AND APPROVED: July 24, 2006 SUBSTITUTED COPY r Background Paper for Proposed ORDINANCE AGENDA ITEM # / Is DATE: JULY 24, 2006 DEPARTMENT: DEPARTMENT OF FINANCE LARA K. BARRETT, CPA, ACTING 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 2006 AND AMENDING THE BUDGET FOR THE YEAR 2006 ISSUE Should the City Council amend the original budget? RECOMMENDATION Adopt the Ordinance as proposed. BACKGROUND During the first six months of 2006, 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 2006 budget was finalized in November of 2005, the 2006 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 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 2006 mid -year budget ordinance is continuing the process that began in 2004 to increase the monitoring of the City's financial position. SUBSTITUTED COPY FINANCIAL IMPACT This action summarizes previously approved council and administrative changes to the budget. A detailed listing of items being adjusted, excluding items previously approved by council and capital projects being carried forward, is attached. MID -YEAR BUDGET ADJUSTMENT JULY 24,2006 GENERAL FUND: Amount Council Contingencies 50,000 Ice Arena -part time instructors 20,000 Police Comm Center -prior year invoice 54,000 Police clerical for drug task force 22,495 Purchasing - postage machine 11,565 HR -temp for document imaging 1,500 Municipal Court-back pay 14,467 Council -travel 15,000 City Manager - corporate cup/travel 10,000 Public Information 10,000 City Clerk -Add'I for 2004 Election 16,650 City Clerk -2006 election 12,500 * *Total from GF Reserves = $141,682 OTHER FUNDS: 255 Police Grants -small grants with no match required 510 Airport- retirements 270 Grant match -Wm White Blvd 525 Emergency Rehab project 525 Airport Industrial Park project 217 Informants 217 Travel/Training 413 Uti6fies/Misc 413 Timberline 413 LB Foster 413 Other 401 Fiber Optic Expansion project RECAP OF AMOUNTS TAKEN FROM RESERVES IN 2006: Original 2006 Budget 1/2 cent tax - rent payments Mid -Year Adjustment (per above) 141,682 Bessemer Historical Society /EIAF 400,000 Health Dept. for flu pandemic 187,252 Southeastern Colo Heritage Center 62,515 Minnequa bathhouse project 100,000 Year to Date: Total budgeted from reserves: ;r rr 12,000 6,742 300,000 145,000 24,000 10,000 Revenue Source * *GF reserves Skating lesson revenue E -911 fees DEA reimbursement * *GF reserves * *GF reserves * *GF reserves * *GF reserves * *GF reserves * *GF reserves * *GF reserves * *GF reserves Future grants From GF Terminal Pay From 1/2 cent tax interest Wastewater reserves Wastewater reserves Federal Forfeiture Federal Forfeiture 50,000 1/2 cent tax - rent payments 350,000 1/2 cent tax - rent payments 216,000 1/2 cent tax - rent payments 334,000 1/2 cent tax - rent payments 8,000 From Technology project 1,991,129 891,449 2,882,578 From future savings on bond refinance From Aquila funds rec'd in prior year