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File #: 20-416    Version: 1
Type: New Business Status: Passed
File created: 9/8/2020 Meeting Body: City Council
On agenda: 9/15/2020 Final action: 9/15/2020
Title Search: PUBLIC HEARING: Consider an ordinance approving certain amendments to the Fiscal Year 2019-20 Annual Operating Budget for the City of Keller, Texas, in accordance with Article VIII, Section 8.13, of the Keller City Charter.
Attachments: 1. 091520_FY 20 Budget Amend Ord. No. 1983, 2. Item H-1 Budget Amendment.pdf

To:                     Mark R. Hafner, City Manager

From:                     Aaron Rector, Director of Administrative Services

Subject:                     

Title

PUBLIC HEARING: Consider an ordinance approving certain amendments to the Fiscal Year 2019-20 Annual Operating Budget for the City of Keller, Texas, in accordance with Article VIII, Section 8.13, of the Keller City Charter.

Body

 

Action Requested:                     

Conduct a public hearing and consider an ordinance amending the Fiscal Year 2019-20 Annual Operating Budget for the City of Keller, Texas.

 

Background:                     

The City Council adopted the Fiscal Year 2019-20 budget on September 17, 2019.  Typically, staff brings forth budget amendments during the year as part of the expenditure monitoring process. The amendments usually represent additional expenditures that were not included in the budget and are proposed for consideration by the Mayor and City Council. 

The proposed amendments will impact the General Fund, the General Government/Facilities Capital Improvement Projects (CIP) Fund, the Pointe CIP Fund, the Self Insurance Fund, the Street System CIP Fund, the Water-Wastewater Utility Fund, and the Water-Wastewater System CIP Fund.  The amendments are discussed in detail in the Financial Impact section.
                     
Article VIII, Section 8.13 of the Keller City Charter requires a notice and public hearing, along with subsequent Council action, in order to amend (increase) the budget.  The required public notice was published in the Fort Worth Star-Telegram on August 30, 2020.

                     

Financial Impact:


The proposed amendments include:

General Fund (100) proposed amendments (Total Increase $-):
Up to $1,000,000 - To be transferred to the Self-Insurance Fund and funded through salary savings.

Facilities/General Governmental CIP (105) proposed amendments (Total Decrease $2,182,722):
$2,082,722 - Decrease for transfer-out to the Pointe CIP fund related to Pointe projects.
$100,000 - Decrease for transfer-out to the Water-Wastewater CIP fund related to a Municipal Service Center (MSC) project.

Pointe CIP (106) proposed amendments (Total Increase $2,082,722):
$2,082,722 - Increase for transfer-in from the Facilities/General Governmental CIP fund related to Pointe projects.

Self-Insurance Fund (129):
Up to $1,200,000 - To be transferred from General Fund ($1,000,000) and Water-Wastewater Utility Fund ($200,000) salary savings and will be “seed” money for a future self-insurance fund.

Street System CIP (170) proposed amendments (Total Increase $58,989):
$58,989 - Increase related to the Bear Creek/Keller-Smithfield Signal, including use of interest income as a revenue source.

Water-Wastewater Utility Fund (200) proposed amendments (Total Increase $-):
Up to $200,000 - To be transferred to the Self-Insurance Fund and funded through salary savings.

Water-Wastewater System CIP (206) proposed amendments (Total Increase $246,173):
$146,173 - Increase related to the Walker Development Agreement/Utility extension project, including the use of interest income as a revenue source.

$100,000 - Increase for transfer-in from the Facilities/General Governmental CIP fund related to a MSC project.


Citizen Input/Board Review:                     

Not applicable.

 

Legal Review:                       

Not applicable.

 

Alternatives:                     

City Council has the following alternatives:                       

-                     Approve as submitted

-                     Approve with changes

-                     Denial