COUNCIL COMMUNICATION
|
DATE: 09/16/2002 |
FINAL READING OF ORDINANCE 2002-0-235 Adoption of the Annual Budget for fiscal year
2002-2003; appropriating the estimated revenues, expenditures and balances
reported therein for the year beginning October 1, 2002 and ending September
30, 2003, consistent with the financial plan described in said Annual Budget;
and authorizing the City Manager to implement said Annual Budget. |
||
|
INITIATED BY: Larry Dovalina ‑ City Manager |
STAFF SOURCE: Veronica Urbano – Acting Budget Director |
||
|
PREVIOUS COUNCIL ACTION: City Council held budget workshops on August 12-14
to discuss the revenues, expenditures and balances reported in the proposed
budget document. A public hearing was held on September 3,
2002. City Council approved item as
amended during the public hearing. |
|||
|
BACKGROUND: Section 6.04 of the City Charter requires that a
City budget be prepared, and it shows a general summary of its contents, a
detail of estimated income, indicating the proposed property tax levy, with
estimated collectible and uncollectible amounts, and all proposed
expenditures, including debt service, for the ensuing fiscal year, and it
must be arranged as to show comparative figures for estimated income and
expenditures for the current fiscal year and actual income and expenditures
of the preceding year. Section 6.06 of the City Charter requires that the
City publish in one or more newspapers of general circulation in the City,
for two days, the general summary of the budget and a notice stating: (1) the times and places where copies of
the message and budget are available for inspection by the public, and (2)
the time and place, not less than two weeks after such publication, for a
public hearing on the budget. The
dates of publication were August 11th and 18th. The Council shall hold at least one public hearing during the
period of its consideration. |
|||
|
FINANCIAL: See
Exhibit A. Reference City of Laredo
Annual Budget 2002-2003. In
accordance to accounting and statutory requirements budget totals include all
related transfers between funds. |
|||
|
COMMITTEE RECOMMENDATION: None. |
STAFF
RECOMMENDATION: Staff
recommends introduction of this ordinance. |
||
ORDINANCE 2002-0-235
WHEREAS, on July 29, 2002 Council
was presented with the proposed 2002-2003 annual budget as required by The City
of Laredo Charter Section 6.02 Submission Of Budget: “Sixty (60) days before
the end of the fiscal year, or any time before that, the City Manager shall
present to the Council in an open public meeting, after proper public notice,
and having been placed on the Council meeting agenda, a budget for the ensuing
fiscal year with an accompanying message”; and
WHEREAS, on August 12, 13, and 14,
2002 Council held public workshops to review and amended the proposed 2002-2003
annual budget and on August 19, 2002; and
WHEREAS, on September 3, 2002 Council
a held and approved a public hearing and introduction of this ordinance to
adopt the proposed 2002-2003 annual budget,
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LAREDO THAT:
1. The Annual Budget for Fiscal Year 2002-2003, as amended
during the budget workshops of August 12, 13, and 14, 2002, August 19, 2002 and
September 3, 2002, is hereby adopted; and
2. The following appropriations for Fiscal Year 2002-2003 are
hereby authorized:
Revenues excluding interfund
transfers................................ $
230,055,673
Decrease in Fund Balance (Operating
Funds)...................... $ 5,923,910
Decrease in Fund Balance (Capital
Funds)........................... $
6,147,703
Total Expenditures
............................................................... $ 242,127,286
3. The City Manager is hereby authorized to implement the said
budget for the Fiscal Year beginning
October 1, 2002 and ending September 30, 2003.
PASSED BY THE CITY COUNCIL
AND APPROVED BY THE MAYOR ON THIS THE _______ DAY OF SEPTEMBER 2002.
_______________________
ELIZABETH G. FLORES
Mayor
ATTEST:
________________________
GUSTAVO GUEVARA, JR.
City Secretary
APPROVED AS TO FORM
_________________
JAIME L. FLORES
City Attorney