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HomeMy WebLinkAbout07714ORDINANCE NO. 7714 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 2007 AND AMENDING THE BUDGET FOR THE YEAR 2007. BE IT ORDAINED BY THE CITY OF PUEBLO that: SECTION 1. The budget for the fiscal year 2007, 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 2007 is hereby amended as follows: SOURCE ORIGINAL MID -YEAR AMENDED Taxes 54,336,314 54,704,288 55,143,483 Licenses & Permits 561,000 561,000 561,000 Intergovernmental 1,262,441 1,262,441 1,262,441 Charges for Service 3,156,756 3,156, 756 3,156,756 Fines & Forfeits 1,693,000 1,693,000 1,693,000 Other Revenue 940,300 1,025,300 1,158,653 Transfers In 3,270,279 3,570,279 3,570,279 Fund Balance 3,433,628 4,729,820 5,177,845 General Fund Total 68,653,718 70,702,884 71,723,457 SECTION 3. The General Fund Appropriation by Department for the Fiscal Year 2007 is hereby amended as follows: SOURCE ORIGINAL MID -YEAR AMENDED General Government 7,923,586 8,041,716 8,323,684 Police 23,057,961 23,204,305 23,354,305 Fire 13,412,636 13,412,636 13,397,636 Public Works 7,415,700 7,480,400 7,485,110 Parks 4,068,203 4,150,203 4,150,203 Non - Departmental 5,711,190 5,688,190 5,683,480 Transfers Out 7,064,442 8,725,434 9,329,039 General Fund Total 68,653,718 70,702,884 71,723,457 SECTION 4. The revenue of the Special Revenue Funds, Enterprise Funds, Internal Service Funds, Debt Service Funds, and Capital Project Funds for the Fiscal Year 2007 are hereby amended as follows: OTHER FUNDS ORIGINAL MID -YEAR AMENDED INTERGOVERNMENTAL SPECIAL CHARGES SPECIAL DISTRICT OTHER SPECIAL REVENUE HUD GRANTS PUBLIC IMPROVEMENTS DEBT SERVICE FUND ECONOMIC DEVELOPMENT TAX HARP EL PUEBLO ARKANSAS LEGACY PROJECT LAKE MINNEQUA POLICE BUILDING ELMWOOD GOLF COURSE WALKINGSTICK GOLF COURSE MEMORIAL AIRPORT PUEBLO TRANSIT PARKING FACILITIES SEWER USER FUND STORMWATER UTILITY INTERNAL SERVICE FUNDS 4,852,092 5,369,202 6,769,202 2,634,783 2,634,783 2,924,783 376,828 376,828 479,828 114,600 154,600 157,450 8,167,340 10,837,956 11,058,014 9,015,343 17,577,391 23,061,977 1,253,552 1,456,462 1,456,462 12,741,501 21,453,670 21,508,670 2,548,412 2,643,604 2,820,604 - 61,278 61,278 - 609,083 821,983 4,650,000 4,726,300 4,726,300 12,690,533 13,636,236 13,636,236 1,095,500 1,120, 570 1,135, 570 1,415,898 1,531,815 1,549,815 3,130,601 5,934,905 5,934,905 3,962,835 4,328,544 4,575,877 374,950 374,950 400,450 8,274,300 11, 848, 968 12, 348, 968 3,001,758 3,914,123 3,914,123 5,350,265 5,360,265 5,912,637 SECTION 5. Appropriations for the Special Revenue Funds, Enterprise Funds, Internal Service Funds, Debt Service Funds, and Capital Project Funds for the Fiscal Year 2007 are hereby amended as follows: OTHER FUNDS ORIGINAL MID -YEAR AMENDED INTERGOVERNMENTAL 4,852,092 5,369,202 6,769,202 SPECIAL CHARGES 2,634,783 2,634,783 2,924,783 SPECIAL DISTRICT 376,828 376,828 479,828 OTHER SPECIAL REVENUE 114,600 154,600 157,450 HUD GRANTS 8,167,340 10,837,956 11,058,014 PUBLIC IMPROVEMENTS 9,015,343 17,577,391 23,061,977 DEBT SERVICE FUND 1,253,552 1,456,462 1,456,462 ECONOMIC DEVELOPMENT TAX 12,741,501 21,453,670 21,508,670 HARP 2,548,412 2,643,604 2,820,604 EL PUEBLO - 61,278 61,278 ARKANSAS LEGACY PROJECT - 609,083 821,983 LAKE MINNEQUA 4,650,000 4,726,300 4,726,300 POLICE BUILDING 12,690,533 13,636,236 13,636,236 ELMWOOD GOLF COURSE 1,095,500 1,120,570 1,135,570 WALKINGSTICK GOLF COURSE 1,415,898 1,531,815 1,549,815 MEMORIAL AIRPORT 3,130,601 5,934,905 5,934,905 PUEBLO TRANSIT 3,962,835 4,328,544 4,575,877 PARKING FACILITIES 374,950 374,950 400,450 SEWER USER FUND 8,274,300 11,848,968 12,348,968 STORMWATER UTILITY 3,001,758 3,914,123 3,914,123 INTERNAL SERVICE FUNDS 5,350,265 5,360,265 5,912,637 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 nunc pro tunc December 31, 2007. INTRODUCED December 31, 2007 Randy Thurston Councilperson APPR ATTESTED BY: ITY CLERK PRESIDENT OF THE CITY COUNCIL PASSED AND APPROVED: January 14, 2008 Q(d . . Vi Background Paper for Proposed ORDINANCE AGENDA ITEM # Y 31 DATE: DECEMBER 31, 2007 DEPARTMENT: FINANCE DEPARTMENT ROBERT HAIN CPA, 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 2007 AND AMENDING THE BUDGET FOR THE YEAR 2007. ISSUE Should the City Council amend the original budget ordinances to incorporate changes made throughout the year? RECOMMENDATION Approval, BACKGROUND In November of 2006 City Council adopted the City Budget for the year 2007. During the year, due to various operational changes, City Council adopted several ordinances amending that budget. This ordinance also provides for changes and corrections dictated through the year -end closing process. This ordinance accumulates all of these items into one summary ordinance, which reflects the final revised City Budget for the year 2007. FINANCIAL IMPACT This action summarizes previously approved council and administrative changes to the budget, and makes budget changes needed.