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HomeMy WebLinkAbout2023-4419 - Ordinance - 02/09/2023ORDINANCE NO. 2023-4419 AN ORDINANCE AMENDING ORDINANCE NO. 2022-4383 AS BUDGET AMENDMENT NUMBER 2 AMENDING THE BUDGET FOR THE 2022-2023 FISCAL YEAR AND AUTHORIZING AMENDED EXPENDITURES AS PROVIDED IN THIS ORDINANCE. WHEREAS, on August 25, 2022, the College Station City Council adopted Ordinance No. 2022- 4383 approving its Budget for the 2022-2023 Fiscal Year; and WHEREAS, on November 11, 2022, the College Station City Council adopted Ordinance No. 2022- 4403 amending its Budget for the 2022-2023 Fiscal Year in Budget Amendment Number 1; and WHEREAS, this Budget Amendment Number 2 was prepared and presented to the City Council and a public hearing held as prescribed by law and the College Station City Charter, after notice of the hearing having been first duly given; now, therefore; BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS: PART 1: That Ordinance No. 2022-4383 is amended by amending the adopted 2022-2023 Budget by a net amount of $65,739,921 as further detailed in Exhibit A. PART 2: That this Budget Amendment Number 2 shall be attached to and made a part of the 2022-2023 Budget. PART 3: That except as amended hereby, Ordinance No, 2022-4383 shall remain in effect in accordance with its terms. PART 4: That this ordinance shall become effective immediately after passage and approval. PASSED and APPROVED this 9th day of February 2023. ATTEST: APPROVED: ____________________________ ________________________________ City Secretary Mayor APPROVED: _________________________ City Attorney EXHIBIT A – FY23 BUDGET AMENDMENT #2 DETAIL LISTING 1. Water/Wastewater Emergency Repairs $500,000 (Budget Amendment). This item will increase budget in the Water and Wastewater funds to address emergency repairs affecting local businesses and residents. This item will fund the materials and labor needed to restore utility service. 2. Unlimited Potential $240,000 (Budget Amendment). Unlimited Potential will utilize $104,545 in Community Development Block Grant (CDBG) funds from the current budget and $240,000 from the General fund to demolish an unsafe structure they own located at 1115 Anderson. The CDBG funds were included in the 2022-2023 Community Development Budget. This budget amendment allows for the allocation of General funds to complete this demolition. 3. General Obligation Bond Projects Initial Budget $56,100,000 (Budget Amendment. This item appropriates the budgets for the voter approved projects from the November 2022 Bond Election. This amount is the total of all approved projects. This item only appropriates the budgets. Debt will be issued later this year. The City anticipates issuing debt to match expected expenses when they occur. 4. Texas Independence Ballpark $4,600,000 (Budget Amendment). This item increases the budget for Texas Independence Ballpark to cover the purchase of City- provided equipment and materials to be installed by the construction contractor. The equipment includes bleachers, field lights, scoreboard equipment and wiring, shade structures, dugouts, and broadcasting/lighting systems. This item also includes an amount equivalent to 5% of the total construction cost (including City-provided items) for future contingency. This item will be paid for by additional Certificate of Obligation debt to be issued later this year. 5. Water/Wastewater State Highway 6 Utility Relocates $3,363,000 (Budget Amendment). This item will increase budget in the Water and Wastewater capital funds to move City utilities in coordination with the State Highway 6 widening project. This budget will be appropriated across 4 separate utility relocation projects. These additional capital costs will be paid for via utility revenue and debt. 6. Bullet Resistant Shields Grant expenditure - $170,921 (Budget Amendment). Police Department was awarded a $170,921 grant from the Office of the Governor to equip peace officers with bullet-resistant shields. Funds will be used for obtaining bullet-resistant shields compliant with the National Institute of Justice (NU) Level III, III+, or IV. Amendment increases expenditure budget for the costs incurred and recognize the revenue to be received. 7. Move Departmental Operating Costs from Insurance (Internal Service) Funds to General Fund -$766,000 (Budget Amendment). The City established self-insured Property Casualty, Employee Benefits (medical and wellness plans), and Workers Compensation Funds with the intent to lower costs and maintain stability in premiums. Operating costs will move to the General Fund Human Resources Division that is tasked with the administration of the Insurance Funds. This amendment is for operating costs included in the General Fund assigned fund balance on page 36 of the FY23 budget document. This item is moving that previously assigned balance to the General Fund operating budget.