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:
Proposed Appropriations : $51,376,896
Airport $510,000
Capital Reserve $3,028,223
Fire $3,761,820
Lake $238,000
Library $2,518,842
Municipal Facilities $7,740,795
Parks $2,885,000
Police $152,408
Storm Water $2,425,000
Streets $20,737,808
Water $6,748,000
Wastewater $631,000
Funding sources:
Cash/Other resources $20,813,969
Certificates of Obligation $29,963,654
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 va...
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