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File #:
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16-5959
Version:
1
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Name:
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First Public Hearing on the FY 2016/2017 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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8/9/2016
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In control:
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Budget
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On agenda:
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9/20/2016
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Final action:
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9/20/2016
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Title:
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Second and Final Public Hearing and adoption of the FY 2016/2017 Capital Improvement Projects Budgets
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From
Kathleen C. Mercer
Title
Second and Final Public Hearing and adoption of the FY 2016/2017 Capital Improvement Projects Budgets
Presenter
Kathleen C. Mercer, Director of Budget/Purchasing
Recommend Action
Conduct hearing
Analysis
On August 2, 2016 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 deliberated on proposed Capital Improvement Projects Budget at a workshop on August 9, 2016.
Financial Consideration
The FY 2016/2017 Capital Improvement Projects Budgets proposed total is $77,188,030. Significant changes and issues included in the Proposed FY 2016/2017 Capital Improvement Projects Budgets are summarized as follows:
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Proposed Appropriations : |
$77,188,030 |
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Airport |
$400,000 |
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Capital Reserve |
$2,123,920 |
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Fire |
$2,436,100 |
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Lake |
$372,000 |
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Library |
$1,938,000 |
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Municipal Facilities |
$12,543,120 |
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Parks |
$8,310,000 |
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Police |
$396,820 |
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Storm Water |
$7,245,900 |
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Streets |
$19,929,170 |
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Solid Waste |
$2,180,000 |
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Water |
$15,854,000 |
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Wastewater |
$3,459,000 |
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Funding sources: |
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Cash/Other resources |
$26,050,339 |
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Certificates of Obligation |
$36,385,314 |
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Sales Tax Bonds |
$7,000,000 |
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Water Revenue Bonds |
$6,749,668 |
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Cost of Issuance |
$1,002,709 |
Body
AN ORDINANCE OF THE CITY OF GRAND PRAIRIE, TEXAS, APPROVING THE FY 2016/2017 CAPITAL IMPROVEMENT PROJECTS BUDGET SUBMITTED BY THE CITY MANAGER OF THE CITY OF GRAND PRAIRIE, TEXAS, IN THE AMOUNT OF $77,188,030 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 2016/2017; 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 2016/2017 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 |
$400,000 |
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Capital Reserve Projects Fund |
$2,123,920 |
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Fire Capital Projects Fund |
$2,436,100 |
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Lake Capital Projects Fund |
$372,000 |
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Library Capital Projects Fund |
$1,938,000 |
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Municipal Facilities Project Fund |
$12,543,120 |
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Park Capital Projects Fund |
$8,310,000 |
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Police Capital Projects Fund |
$396,820 |
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Storm Water Utility Capital Projects Fund |
$7,245,900 |
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Streets Capital Projects Fund |
$19,929,170 |
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Solid Waste Capital Projects Fund |
$2,180,000 |
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Water Capital Projects Fund |
$15,854,000 |
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Wastewater Capital Projects Fund |
$3,459,000 |
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TOTAL CIP APPROPRIATIONS |
$77,188,030 |
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, ON THIS THE 20TH DAY OF SEPTEMBER, 2016.
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