Agenda Information Sheet
DEPARTMENT: Finance
ACM: Bryan Langley
Date: September 20, 2016
SUBJECT
Title
Consider adoption of an ordinance of the City of Denton, Texas amending the Fiscal Year 2015-2016 Budget and Annual Program of Services of the City of Denton to allow for adjustments to the General Fund of one million, seven hundred twelve thousand three hundred eighty dollars ($1,712,380) for the purpose of funding improvements, equipment and other expenses, the Water Fund of one million dollars ($1,000,000) for the purpose of funding a reimbursement grant to Denton-Tarrant PRW, LLC, the Wastewater Fund of eight hundred sixty-five thousand dollars ($865,000) for the purpose of funding a reimbursement grant to Denton-Tarrant PRW, LLC, the Materials Management Fund of five hundred thousand dollars ($500,000) for the purpose of purchasing additional material inventory related to increased capital construction throughout the City, and the Traffic Safety Fund of three hundred fifty thousand dollars ($350,000) for the purpose of making additional disbursements to Texas State Comptroller; declaring a municipal purpose; providing a severability clause; providing an open meetings clause; and providing for an effective date.
Body
BACKGROUND
City staff is proposing to amend the City’s FY 2015-16 Budget. The FY 2015-16 General Fund proposed budget amendment is for the following items:
• ADA Comprehensive Study for Streets/Right of Way/Sidewalks
(Engineering) - $ 250,000
• Station Alerting System (Fire) - $ 75,000
• Patient Lift System (Fire) - $ 36,231
• Breathing Air Compressor (Fire) - $ 45,000
• Security Cameras (Library) - $ 51,553
• Parking Lot Replacement - Civic Center (Facilities) - $ 265,000
• Traffic Signal Replacement (Traffic) - $ 340,000
• Police Parking Lot Fence (Police) - $ 90,000
• Cemetery Assessment (Parks) - $ 152,596
• Funding to Replace Emergency Services Grant
(Community Development) - $ 200,000
• Downtown Sidewalk Improvements (Transportation) - $ 207,000
$1,712,380
Staff is proposing to amend the Water and Wastewater FY 2015-16 budgets to fund a reimbursement grant for up to $1,000,000 in infrastructure financing for water improvements and up to $865,000 for wastewater improvements. This economic development program reimbursement grant was established per ordinance 2015-170 which was approved by City Council on June 16, 2015 between the City of Denton, the board of directors of Tax Increment Reinvestment Zone number two of Denton, and Denton-Tarrant PRW, LLC.
Staff is proposing to amend Materials Management FY 2015-16 budget $500,000 for the purpose of purchasing additional material inventory related to increased capital construction throughout the city.
Staff is proposing to amend the Traffic Safety Fund for FY 2015-16 budget $350,000 due to an increase in the number of violations which will necessitate additional disbursements to the Texas State Comptroller which receives 50% of the violation revenues less certain City operating expenses.
FISCAL INFORMATION
This ordinance will amend the FY 2015-16 Budget and Annual Program of Services to allow for adjustments to the General Fund of $1,712,380 increasing appropriations from $108,594,365 to 110,306,745; Water Fund of $1,000,000, increasing appropriations from $46,681,823 to $47,681,823; Wastewater Fund of $865,000, increasing appropriations from $32,340,185 to $33,205,185; Materials Management of $500,000, increasing appropriations from $13,614,839 to $14,114,839; Traffic Safety Fund of $350,000, increasing appropriations from $1,537,650 to $1,887,650.
STRATEGIC PLAN RELATIONSHIP
The City of Denton’s Strategic Plan is an action-oriented road map that will help the City achieve its vision. The foundation for the plan is the five long-term Key Focus Areas (KFA): Organizational Excellence; Public Infrastructure; Economic Development; Safe, Livable, and Family-Friendly Community; and Sustainability and Environmental Stewardship. While individual items may support multiple KFAs, this specific City Council agenda item contributes most directly to the following KFA and goal:
Related Key Focus Area: Organizational Excellence
Related Goal: 1.1 Manage financial resources in a responsible manner
EXHIBITS
1. Ordinance
Respectfully submitted:
Chuck Springer, 349-8260
Director of Finance