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Home My WebLink About03811 RES - 07/28/1954AN ORDINANCE ADOPTING A BUDGET FOR THE ENSUING FISCAL YEAR BEGINNING AUGUST 1. 1954 AND ENDING JULY 31, 1955, IN ACCORDANCE WITH THE CITY CHARTER AS AMENDED FOR THE CITY OF CORPUS CHRISTI, TEXAS; and DECLARING AN EMERGENCY. WHEREAS, The City Manager of the City of Corpus Christi, pursuant to Article V, Section 24, of the City Charter as amended, did on June 30, 1954, submit to the City Council, a budget estimate of the revenues of said City, and the expenses of conducting the affairs therefor for the ensuing fiscal year be- ginning August 1, 1954 and ending July 31, 1955, and which said estimate has been compiled from detailed information obtained from the several departments, divisions and offices of the City, in accordance with the said City Charter provision; and WHEREAS, The members of the City Council have received and studied said City Manager's Budget Estimate and have called and held the proper hearings in accordance with Article 689 -A, of Vernon's Annotated Statutes of Texas, on said budget; and WHEREAS, In accordance with Section 26, Article V of the Charter of the City of Corpus Christi, Texas, it is necessary that the City Council accept, approve and adopt the budget at the conclusion of such public hearings, and before the first regular meeting in August of the City Council: NOW, THEREFORE, BE IT ORDAINED BY THE CTTY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1, That the Budget of the City of Corpus Christi, covering the proposed net expenditures of the City of Corpus Christi, amounting to $9,931,391.00 0 -, i`_, and the estimate of the revenues of the said City amounting to $10,174,699.00 for the fiscal year beginning August 1, 1954, and ending July 31, 1955, as submitted to the City Council by the City Manager on June 30, 1954, with such alterations, corrections and amendments which have been made to the same up to this day, in- cluding expenditur ^d reases amountingto x+2,430,00 and estimating revenues in- creased in the amount of $45,502.00, which corrected budget summary is attached hereto and made a part hereof, be, and the same is in all things accepted, approved, and adopted as the Budget of the City of Corpus Christi, Texas, for the fiscal year beginning August 1, 1954 and ending July 31, 1955, a copy of which budget is attached hereto and marked Exhibit "A ", and made a part hereof for all pertinent purposes. SECTION 2. That the fact that the provisions of the City Charter pre- scribed that the Budget be adopted and approved before the first regular 39 L MEETING IN AUGUSTS AND THE FACT THAT THE SAME HAS NOT BEE14 HERETOFORE APPROVED CREATES A PUBLIC EMERGENCY AND AN IMPERATIVE PUBLIC NECESSITY REQUIRING THE SUSPENSION OF THE CHARTER RULE THAT NO ORDINANCE OR RESOLUTION SHALL BE PASSED FINALLY ON THE DATE OF ITS INTRODUCTION AND THAT SUCH ORDINANCE OR RESOLUTION SHALL BE READ AT THREE SEVERAL MEETINGS OF THE CITY COUNCIL, AND THE PIAYOR HAVING DECLARED THAT SUCH PUBLIC EMERGENCY AND IMPERATIVE PUBLIC NECESSITY EXISTS HAVING REQUESTED THE SUSPENSION OF SAID CHARTER RULE AND THAT THIS ORDI- NANCE BE PASSED FINALLY ON THE DATE OF ITS INTRODUCTION AND TAKE EFFECT AND BE IN FULL FORCE AND EFFECT FROM AND AFTER ITS PASSAGE, IT IS ACCORDINGLY PASSED AND APPROVED, THIS THE 28TH DAY OF JULYS 197)4. / MAYOR v�. fc U THE CITY OF CORPUS CHRISTI, TEXAS ATTEST: CITY SECRETAPY I APP ED AS TO GAI- F0RMI CITY 'TTORNEY ANNUAL BUDGET ALL FUNDS COMBINED BUDGET SUMMARY PARTICULARS AVAILABLE FUNDS Unappropriated Balance, August 1st Revenues Property Taxes Other Revenues Sinking Fund Payments by Utility Funds Reimbursement from Gas Bond Operating Reserve Fund for Capital Additions Total Revenues Less Overlapping Amounts Net Total Revenues Total Available Funds r` APPROPRIATIONS AND BALANCES Operating Expenditures Payments on Lease Purchase Contracts Debt Service Requirements Sinking Fund Payments by Utility Funds Reimbursement of Gas Fund for Capital Additions Balance of Seawall Bond Funds Transferred to Construction Fund Total Appropriations Less Overlapping Amounts Net Total Appropriations Unappropriated Balance, July 31st Note: See Page II for Summary by Fund F -9 -I- ACTUAL ESTIMATED PROPOSED 1952 -53 1953 -5� 19— 5-55 $3,217,754 $3,383,111 $3,210,6o2 $2,743,079 $3,118,363 $3,547,792'; 5,207,587 5,807,265 6,626,907 669,833 731,410 1,020,508 6o,628 $8,681,127 $9,657,038 $11,195,207 730,461 731,410 1,020,508 ---- - - - - -- -- --- - - --- -- - -- 7,950,666 8,925,628 10,174,699 $11,168,420 $12,3o8,739 $13,385,301 $5,879,728 $7,152,489 $7,843,139 110,301 226,793 14l,io6 ` 1,579,826 1,718,855 1,947,146 669,833 731,410 1,020,508 6o,628 215,454 $8,515,770 $9,829,547 $10,951,899 730,461 731,410 1,020,508 ---- -- - - -- ---- - - -- -- -- - - - - -- $7,785,309 $9,098,137 $9,931,391'. $3,383,111 $3,210,602 $3,453,910 me -es meem moae�m��oe e�me�aes�n CITY OF CORPUS CHRISTI, TEXAS ml TOTAL APPROPRIATION $ 3,618,599 2,863,896 1 0 1,430,077 T 0 606,754 N 485,4 �7 1,947,146 s $10,951,899 rM ---- -- - - --- m x N $ 1,020,508 $ 9,931,391 FUND General Fund Water Fund Gas Fund Sewer Fund Street Fund Debt Service Funds Total DISTRIBUTION OF PROPOSED BUDGET BY FUND FISCAL YEAR 1954 -55 H TRANSFERS TOTAL LESS: i'ClLd BALANCE PROPERTY OTEER FROM OTHER AVAILABLE BALANCE BUDCal'TED AUGUST 1st TAXES REVENUES FUNDS FUNDS JULY 31st REVENUES $ 3,440 $1,990,215 $1,686,860 $ 3,68o,515 $ 61,916 $ 3,618,599 940,576 2,796,128 3,736,704 872,808 2,863,896 150,982 1,470,435 1,621,417 191,340 1,430,077 24,152 624,702 648,854 42,100 606,754 Z a 3,844 489,937 493,781 8,354 485,427 n r 2,087,608 1,067,64o 48,782 1,020,506 4,224,538 2,277,392 1,947,146 ____ ___ _ __ ___ __ __ _ __ __________ $3,210,602 $3,547,792 $6,626,907 $1,020,508 $14,405,809 $3,453,910 $10,951,899 i ---- - -- --- --- - - - -- -- -- -- - - - - -- ---- - - - --- --- -- - - - - -- ---- - - - - -- - ---- - - - - -- it Less: Overlapping Amounts Debt Service Funds $1,020,508 $ 1,020,508 $ 1,020,508 Net Total $3,210,602 $3,547,792 $6,626,907 $13,385,301 $3,453,910 $ 9,931,391 ANNUAL BUDGET v SUMURY OF'BUlDW CHANQ98 The following changes have been made in tke proposed budget for 1954 -55 which was presented to the City Council on dune 30, 1954; GEIGMAL FUND Adds General Property Taxes - new tax funds required to provide for additional appropriations. $ 45,502 ■.6 .... e APPROPRIATIONS Less: Personnel Office - this entire appropria- tion was deleted. Other operating officials will absorb the personnel activities. $ (2,430) Adds Unappropriated Balance - working capital funds to provide for additional policemen and firemen, election costs, etc., depend- ent upon final determination of assessed valuatione and upon the voters' action on annexation. 47,932 Total Additional Appropriations 45,502 ■msa.aon CITY OF CORPUS CHRISTI. TEXAS vi F -9 ANNUAL BUDG REVISED ANALYSIS OF•PROPERTY TAX REVENUES ALL TAX SUBPORTED FUNDS ASSESSED VALUATION Land and Improvements $ 188,645,623 Personal Property 46,564,530 Total Assessed Valuation $ 235,210,153 ■aasasasaaaaa GENERAL PROPERTY TAXES Current Levy $ 3,669,278 Less: Delinquencies 183,464 Current Collections (Gross) - -- 3,485,814 Less: Discounts 27,520 Current Collections (Net) -- $ 3,4589294 Delinquent Tax Collections 100,000 Total Property Taxes ------- - --- $ 3,558, 2 9 b mammsaaaasaaa TAX RATE PER $100 ASSESSED VALUATION Rate Per - �- Cent General Fund $0,$77 Street Fund 215 13.8 Debt Service Funds ,468 30.0 Total Tax Rate ------- - - - - -- $1.56 100%1 aeaaasaemmaaa DISTRIBUMON OF PROPERTY TAXES BY FUNDS General Fund $ 2,000,717 Street Fund 489,937 Debt Service Funds 1,067,640 Total Property Taxes - $ 3,558,294 aasasasaaasa■ Note: The assessed valuations and tax rates indicated hereon are estimates based upon the budget changes made by the City Council and the actions of the Equalisation Board since the proposed budget was presented to the Council on June 30, 1954. The tax rate will be formally established after a more definite indication of final assessed valuation is avail- able. CITY OF CORPUS CHRISTI , TEXAS u - Corpus Christi, Texas , ,;V - -, 1959, TO THE MEMBERS OF TRE COU,%4L Corpus Chrls,i K, Texas. Gentlemen.. F@,, 'thp �?,et fsrt� in the emiergency chause of the foregoing ordinance, aa,'nd ar,u esatave n:eeessity exist for the suspensAdr' 0i Cb,a�rt,ar rml- er requireeaent that no ordinance or resolution shall ': s= ;.a fAa ll,lly on oe Nate it, is introduced, and that such ordi:na ;ar"ti axe x�eniAu¢jiaau 2ralil Le seed at three meetings of the City Co'=il' , 'shexef'ore, hrrel:a. A:equest that you suspend said Charter rule or requirement and pass this ordinance finally on the date it is introduced, or at the present sir -eting of the City Council, Respett.fuily, jW7� � CITY OF CORPUS CHRISTI, TEXAS The Chaster rule was suspended by the following votes p', C, Calllawny "tzl Li lk'Q1y King jak"s So Naismith i W. Jarres Brace ®� F. P. Peterson, Jr The o.ra. pa- ed By t.tre following er ®tea f', C. Callaway if King / James S. Balsmith 6Y, 3amea Brace . 7. Peterson, Jr I A