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File #:
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15-4875
Version:
1
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Name:
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Second Public Hearing on the FY 2015/2016 Capital Improvement Projects Budgets
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Type:
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Ordinance
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Status:
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Adopted
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File created:
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8/5/2015
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In control:
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Budget
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On agenda:
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9/15/2015
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Final action:
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9/15/2015
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Title:
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Second Public Hearing on the FY 2015/2016 Capital Improvement Projects Budgets and an Ordinance adopting the FY 2015/2016 Capital Improvement Projects Budget
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From
Kathleen C. Mercer
Title
Second Public Hearing on the FY 2015/2016 Capital Improvement Projects Budgets and an Ordinance adopting the FY 2015/2016 Capital Improvement Projects Budget
Presenter
Kathleen C. Mercer, Director of Budget/Purchasing
Recommend Action
Conduct Second Public Hearing and ApproveConduct hearing
Analysis
On August 4, 2015 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 21, 2015.
Financial Consideration
The FY 2015/2016 Capital Improvement Projects Budgets proposed total is $51,376,896. Detail by fund for the Proposed FY 2015/2016 Capital Improvement Projects Budgets are summarized as follows:
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Proposed Appropriations : |
$51,376,896 |
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Airport |
$510,000 |
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Capital Reserve |
$3,028,223 |
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Fire |
$3,761,820 |
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Lake |
$238,000 |
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Library |
$2,518,842 |
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Municipal Facilities |
$7,740,795 |
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Parks |
$2,885,000 |
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Police |
$152,408 |
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Storm Water |
$2,425,000 |
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Streets |
$20,737,808 |
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Water |
$6,748,000 |
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Wastewater |
$631,000 |
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Funding sources: |
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Cash/Other resources |
$20,813,969 |
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Certificates of Obligation |
$29,963,654 |
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Cost of Issuance |
$599,273 |
Body
AN ORDINANCE OF THE CITY OF GRAND PRAIRIE, TEXAS, APPROVING THE FY 2015/2016 CAPITAL IMPROVEMENT PROJECTS BUDGET SUBMITTED BY THE CITY MANAGER OF THE CITY OF GRAND PRAIRIE, TEXAS, IN THE AMOUNT OF $51,376,896 WITH DETAIL BELOW BY FUND.
WHEREAS, the City Manager of the City of Grand Prairie has prepared a budget providing the capital improvements project development for the City in FY 2015/2016; and
WHEREAS, the City Council has revised the budget and has directed certain modifications be made; 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 2015/2016 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 |
510,000 |
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Capital Reserve Projects Fund |
3,028,223 |
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Fire Capital Projects Fund |
3,761,820 |
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Lake Capital Projects Fund |
238,000 |
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Library Capital Projects Fund |
2,518,842 |
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Municipal Facilities Project Fund |
7,740,795 |
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Park Capital Projects Fund |
2,885,000 |
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Police Capital Projects Fund |
152,408 |
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Storm Water Utility Capital Projects Fund |
2,425,000 |
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Streets Capital Projects Fund |
20,737,808 |
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Water Capital Projects Fund |
6,748,000 |
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Wastewater Capital Projects Fund |
631,000 |
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TOTAL CIP APPROPRIATIONS |
51,376,896 |
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, ON THIS THE 15TH DAY OF SEPTEMBER, 2015.
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