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HomeMy WebLinkAboutORD 2025-26 - Midyear Budget Amendment for FY2025ORDINANCE NO. (p AN ORDINANCE OF THE CITY OF GEORGETOWN, TEXAS, AMENDING THE FISCAL YEAR 2025 ANNUAL BUDGET FOR MID- YEAR OBLIGATIONS THAT WERE NOT KNOWN AT THE TIME THE BUDGET WAS ADOPTED; APPROPRIATING THE VARIOUS AMOUNTS THEREOF; REPEALING CONFLICTING ORDINANCES AND RESOLUTIONS; INCLUDING A SEVERABILITY CLAUSE; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the City is aware of obligations not currently funded in the fiscal year 2025 Budget in the following funds: General, Capital Projects, Garey Park, Library, Tree, Fire Billing/Donation. Animal Services, GEDCO, Fleet, Joint Services, Self Insurance, Airport, Electric, Stormwater, and Water; and WHEREAS, these funds will be funded from available fund balances or additional revenues; and WHEREAS, the City Charter and state law allow for changes in the Annual Operating Plan by a Council majority plus one in emergency situations and for municipal purposes; and WHEREAS, for the Capital Projects the City is moving major capital projects to subsequent years and therefore must decrease the Budget to reflect the removal of these expenditures; and WHEREAS, the changes were unknown and unforeseeable at the time the fiscal year 2025 Budget was approved; and WHEREAS, the City Council finds it to be in the best interest of the public to amend the 2024 Budget for mid -year obligations that were not known at the time the Budget was adopted, as set out herein. NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS: Section 1. The meeting at which this ordinance was approved was conducted in compliance with the Texas Open Meetings Act, Texas Government Code, Chapter 551. Section 2. The facts and recitations contained in the preamble of this ordinance are hereby found and declared to be true and correct and are incorporated by reference herein and expressly made a part hereof, as if copied verbatim. Section 3. The amendment to the 2025 annual Budget of the revenues of the City of Georgetown and expenses of conducting the affairs thereof, is in all things adopted and approved Ordinance Number: ZDS5 V00 Page 1 of 2 Subject: 11 2 t Zp Date Approve ce����. �nLC� as an addition to the previously approved Budget of the current revenues and expenses, as well as fixed charges against said City for the fiscal year beginning October 1, 2024 and ending September 30, 2025. A copy of the amendment is attached hereto as Exhibit A and incorporated by reference herein. Section 4. The total of $4,671,141 is hereby released from appropriation for payments of expenditures and payments of the funds and included in Exhibit A. Section 5. All ordinances or resolutions that conflict with the provisions of this ordinance are hereby repealed, and all other ordinances or resolutions of the City not in conflict with the provisions of this ordinance shall remain in full force and effect. This ordinance complies with the vision statement of the Georgetown 2030 Plan. Section 6. If any provision of this ordinance, or application thereof, to any person or circumstance, shall be held invalid, such invalidity shall not affect the other provisions, or application thereof, of this ordinance, which can be given effect without the invalid provision or application, and to this end the provisions of this ordinance are hereby declared to be severable. Section 7. The Mayor is hereby authorized to sign this ordinance and the City Secretary to attest. This ordinance shall become effective upon adoption of its second and final reading by the City Council in accordance with the provisions of the City Charter of the City of Georgetown. PASSED AND APPROVED on First Reading on the 131 of May, 2025. PASSED AND APPROVED on Second Reading on the 271h o, *ay, 2025. ATTEST: I Robyn De more, City Secretary APPROVED AS TO FORM: S ye iasson, City Attorney CH CITY OF GEORGETOWN: osh Sqbroeder, Mayor Ordinance Number: j I=Z.5 Page 2 of 2 Subject: Q� Date Approved: S R-�