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File #:
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17-7061
Version:
1
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Name:
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2nd Public Hearing FY 2017/2018 Capital Improvement Projects Budget
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Type:
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Agenda Item
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Status:
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Items for Individual Consideration
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File created:
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8/7/2017
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In control:
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Budget
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On agenda:
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9/19/2017
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Final action:
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9/19/2017
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Title:
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Second Public Hearing and adoption of the FY 2017/2018 Capital Improvement Projects Budgets
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From
Kathleen C. Mercer
Title
Second Public Hearing and adoption of the FY 2017/2018 Capital Improvement Projects Budgets
Recommended Action
Approve
Analysis
On August 1, 2017 the City Manager’s proposed budget was submitted to the City Council. An overview of the proposed budget was presented to the City Council at the briefing session. The City Council met to deliberate the proposed budget at the workshop on August 25, 2017.
Financial Consideration
The FY 2017/2018 Capital Improvement Projects Budgets proposed total is $90,562,080. Detail by fund for the Proposed FY 2017/2018 Capital Improvement Projects Budgets are summarized as follows:
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Proposed Appropriations : |
$90,562,080 |
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Airport |
$275,000 |
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Capital Reserve |
$2,546,969 |
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Fire |
$9,946,254 |
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Library |
$5,099,476 |
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Municipal Facilities |
$10,009,100 |
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Parks |
$4,502,499 |
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Storm Water |
$5,510,500 |
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Streets |
$25,370,652 |
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Solid Waste |
$196,790 |
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Water |
$20,742,266 |
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Wastewater |
$6,362,574 |
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Funding sources: |
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Cash/Other resources |
$46,906,229 |
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Certificates of Obligation |
$39,886,525 |
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Water Revenue Bonds |
$2,913,332 |
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Cost of Issuance |
$855,994 |
Body
AN ORDINANCE OF THE CITY OF GRAND PRAIRIE, TEXAS, APPROVING FY 2017/20182018 CAPITAL IMPROVEMENT PROJECTS BUDGET SUBMITTED BY THE CITY MANAGER OF THE CITY OF GRAND PRAIRIE, TEXAS IN THE AMOUNT OF $90,562,080 WITH DETAIL BELOW BY FUND.
WHEREAS, the City Manager of the City of Grand Prairie has prepared a budget providing the capital improvement project development for the City in Fy 2017/2018; and
WHEREAS, the City Council has reviewed the budget and directed modifications when necessary; and
WHEREAS, the appropriation for each project is based on an estimate of the cost even though the actual contract bid will vary, therefore
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS;
SECTION 1: THAT THE City Council of the City of Grand Prairie hereby adopt the FY 2017/2018 Capital Improvement Projects Budget as prepared and assembled by the City Manager of the City of Grand Prairie are approved as follows:
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Airport Capital Projects Fund |
$275,000 |
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Capital Reserve Projects Fund |
$2,546,969 |
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Fire Capital Projects Fund |
$9,946,254 |
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Library Capital Projects Fund |
$5,099,476 |
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Municipal Facilities Project Fund |
$10,009,100 |
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Park Capital Projects Fund |
$4,502,499 |
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Storm Water Utility Capital Projects Fund |
$5,510,500 |
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Streets Capital Projects Fund |
$25,370,652 |
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Solid Waste Capital Projects Fund |
$196,790 |
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Water Capital Projects Fund |
$20,742,266 |
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Wastewater Capital Projects Fund |
$6,362,574 |
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TOTAL CIP APPROPRIATIONS |
$90,562,080 |
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, ON THIS THE 19TH DAY OF SEPTEMBER, 2017.
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