Agenda Information Sheet
DEPARTMENT: Finance
ACM: Bryan Langley
Date: May 9, 2017
SUBJECT
Title
Consider adoption of an ordinance of the City of Denton, Texas amending the Fiscal Year 2016-2017 Budget and Annual Program of Services of the City of Denton to allow for adjustments to the General Fund of three hundred seventy-five thousand dollars ($375,000) for the purpose of funding fencing at City Cemeteries, Downtown Reinvestment Fund of twenty thousand dollars ($20,000) for the purpose of funding additional grant applications, the Library Donation Fund of twenty thousand dollars ($20,000) for the purpose of funding the purchase of replacement furniture, equipment and supplies; declaring a municipal purpose; providing a severability clause, an open meetings clause and effective date.
Body
BACKGROUND
Staff is proposing to amend the General Fund FY 2016-17 budget by $375,000 for the purpose of funding fencing around IOOF (Independent Order of Odd Fellows) and Oakwood cemeteries.
Staff is proposing to amend the Downtown Reinvestment Fund FY 2016-17 budget by $20,000 for the purpose of funding two additional grant applications. Under the FY 2016-17 budget, Council authorized $100,000 of expenditures. To date $70,000 has been paid or approved for three grants, leaving $30,000 of expenditure authority. An additional $20,000 is needed to fund the two additional grants.
Staff is proposing to amend the Library Donation Fund FY 2016-17 budget $20,000 for the purpose of purchasing replacement furniture for the South Branch Library and the purchase of equipment and supplies.
PRIOR ACTION/REVIEW (Council, Boards, Commissions)
On April 18, 2017, City Council received a report on the status of the Downtown Reinvestment Fund. On May 1, 2017, City Council received a report on the maintenance and improvements to the IOOF and Oakwood Cemeteries.
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, 940-349-8260
Director of Finance
Prepared by:
Nancy Towle
Budget Manager