HomeMy WebLinkAbout030838 ORD - 05/10/2016 Ordinance amending current Operating Budget adopted by Ordinance No. 030620
as follows: (a) reduce General Fund revenues $8,000,000 due to decline in sales
tax, industrial district agreement payments in lieu of taxes, and municipal court
revenues; (b) increase revenues in General Fund and other funds $1,400,000 to
rebate funds contributed for Municipal Information Systems, Fleet, and
Development Services; (c) transfer $312,765.83 from the General Liability Fund to
various funds to rebate property insurance savings; (d) appropriate $500,000
unreserved fund balance in Fleet Services Fund No. 5110 for Fire Department
equipment and increase expenditures by $500,000.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS:
SECTION 1. That the FY 2015-2016 Operating Budget adopted by Ordinance No.
030620 is amended to reduce revenues by $8,000,000 in the General Fund due to a
decline in sales tax, industrial district agreement payments in lieu of taxes, and
municipal court revenue.
SECTION 2. The FY2015-2016 Operating Budget, adopted by Ordinance No. 030620,
is amended to increase revenues in the General Fund and various Enterprise, Internal
Service and Special Revenue Funds identified on the attached and incorporated Exhibit
A, by total of $1,400,000 to rebate funds contributed for Municipal Information Systems,
Fleet and Development Service.
SECTION 3. That the transfer of $312,765.83 from the General Liability Fund to rebate
property insurance savings to various Enterprise, Internal Service and Special Revenue
Funds identified on the attached and incorporated Exhibit B is hereby approved.
SECTION 4. That $500,000 in the unreserved fund balance in Fleet Services Fund No.
5110 is appropriated for the purchase of Fire Department equipment and that
expenditures in the Fleet Services Fund are increased by $500,000.
The fore in ordinanc was read for the first time and passed to its second reading on
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this they of Q., , 20 Lo, by the following vote:
Nelda Martinez , Brian Rosas IIS
Rudy Garza 4. Lucy Rubio � .
Michael Hunter 1/14
Mark Scott I '
Chad Magill Carolyn Vaughn 1../
Colleen McIntyre �41 /
030838INDEXED
The foregoingordinance was read for the second time and passed finally on
this the IC' day of , 20 '(F- , by the following vote:
Nelda Martinez 0,, Brian Rosas i, , !
Rudy Garza IP 1 , Lucy Rubio I!, /
Michael Hunter I. 1,f Mark Scott 11 /
Chad Magill ( '/ Carolyn Vaughn �� .1./
Colleen McIntyre I A
PASSED AND APPROVED this the jQyof , 20/ V/
ATTEST: 1
‘RO13-e/0-64-1 i AJA4 A
Rebecca Huerta Nelda i ez
City Secretary Mayor
030838
EXHIBIT A
Internal Service Rebates
Municipal
Information Development
FUND Systems % Fleet Services % Services %
General Fund 154,950.00 51.65% 170,680.00 42.67% 700,000.00 100.00%
Enterprise 106,110.00 35.37% 166,840.00 41.71%
Internal Service 13,020.00 4.34% 17,920.00 4.48%
Special Revenue 25,920.00 8.64% 44,560.00 11.14%
$ 300,000.00 100.00% $ 400,000.00 100.00% $ 700,000.00 100.00%
EXHIBIT B
General Liability Insurance Rebate
%of total
FY2016 Allocations Fund GL 5611 Allocation Savings in FY16 Savings in FY17 Total Savings
Fund FY15 Allocations
General Fund $3,279,981.17 59.77% $186,924.99
$261,694.99 $448,619.98
Enterprise $1,241,727.43 22.63% $70,765.62 $99,071.86
Special Revenue $464,264.57 8.46% $26,458.28 $37,041.59
Internal Service $502,142.81 9.15% $28,616.94 $40,063.72
Total for all Funds $5,488,116 100.00% $312,765.83 $437,872.17
*Savings allocated to the General Fund and to be transferred to the No.1042 Residential Street Fund.
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7 &8)
I, the Director of Financial Services of the City of Corpus Christi, Texas (or his/her duly authorized
representative), hereby certify to the City Council and other appropriate officers that the money required
for the current fiscal year's portion of the contract, agreement, obligation or expenditure described
below is in the Treasury to the credit of the Fund specified below, from which it is to be drawn, and has
not been appropriated for any other purpose. Future payments are subject to annual appropriation
by the City Council.
City Council Action Date: May 10, 2016
Agenda Item:
Ordinance amending current Operating Budget adopted by Ordinance No. 030620 as follows: (a)
reduce General Fund revenues $8,000,000 due to decline in sales tax, industrial district agreement
payments in lieu of taxes, and municipal court revenues; (b) increase revenues in General Fund and
other funds $1,400,000 to rebate funds contributed for Municipal Information Systems, Fleet, and
Development Services; (c)transfer$312,765.83 from the General Liability Fund to various funds to
rebate property insurance savings; (d) appropriate $500,000 unreserved fund balance in Fleet Services
Fund No. 5110 for Fire Department equipment and increase expenditures by$500,000.
Amount Required: $2,212,765.83
Fund Name Account Unit Account Activity No. Amount
No.
Municipal Info System 5210 251850 - $ 300,000.00
Fleet Services 5110 251850 - 900,000.00
Development Services 4670 251850 - 700,000.00
General Liability 5611-40520-005 548500 - 312,765.83
Total $2,212,765.83
Certification Not Required
�P o _ `tom
Director of Financial Services
Date: APR 2 6 2016
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