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19-T-06 2018-2019 Budget adjustmentORDINANCE NO. 19 -T -06 AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS AUTHORIZING AN ADJUSTMENT TO THE FISCAL YEAR 2018 -19 BUDGET, REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT WITH THIS ORDINANCE; AND PROVIDING AN EFFECTIVE DATE WHEREAS, pursuant to Ordinance 18 -T -32, the City of Schertz (the "City") adopted the budget for the City for the fiscal year 2018 -2019 (the "Budget , which provides funding for the City's operations throughout the 2018 -2019 fiscal year; and WHEREAS, the City needs to re- appropriate $878,233.00 to complete drainage projects approved as part of the fiscal year 2017 -18 budget and authorize $73,252.00 from bond project funds; and WHEREAS, the City needs to increase the Drainage budget to purchase a tractor mower and shredder for $74,348.00 from fund balance; and WHEREAS, the City needs to transfer $47,000 from Finance to Information Technology for the Human Resources and Payroll Services contract; and WHEREAS, the City needs to increase the budget by $15,000 for the Human Resources and Payroll Services contract to be funded by a contribution; and WHEREAS, the City needs to increase the budget by $35,000 for the Main Street Local Economic Development Program to be funded by investment income; and WHEREAS, City staff recommends that the City Council of the City adjust the Budget and approve the ordinance; and WHEREAS, the City Council of the City has determined that it is in the best interest of the City to adjust the Budget and approve the re- appropriation for drainage projects, transfer funds from Finance to Information Technology for the Human Resources and Payroll Services contract, increase the budget for the Human Resources and Payroll Services contract, and increase the budget for the Main Street Local Economic Development Program, as more fully set forth in this Ordinance. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS: Section 1. The City shall re- appropriate $878,233.00 from the Drainage fund balance and authorize the use of $73,252.00 of drainage bond funds to complete the drainage projects approved in fiscal year 2017 -18. Section 2. The City shall increase the Drainage budget by $73,438.00 to purchase a mower and shredder from fund balance. Section 3. The City shall transfer $47,000.00 from Finance personnel budget to the Information Technology citywide software budget for the Human Resources and Payroll Services contract. Section 4. The City shall increase the Information Technology citywide software budget by an additional $15,000.00 for the Human Resources and Payroll Services contract and recognize a contribution from Blue Cross Blue Shield to offset the increase. Section 5. The City shall increase the General Fund budget by $35,000.00 to fund the Main Street Local Economic Development Program and recognize an additional $35,000.00 in investment income to offset the increase. Section 6. The recitals contained in the preamble hereof are hereby found to be true, and such recitals are hereby made a part of this Ordinance for all purposes and are adopted as a part of the judgment and findings of the Council. Section 7. All ordinances and codes, or parts thereof, which are in conflict or inconsistent with any provision of this Ordinance are hereby repealed to the extent of such conflict, and the provisions of this Ordinance shall be and remain controlling as to the matters resolved herein. Section 8. This Ordinance shall be construed and enforced in accordance with the laws of the State of Texas and the United States of America. Section 9. If any provision of this Ordinance or the application thereof to any person or circumstance shall be held to be invalid, the remainder of this Ordinance and the application of such provision to other persons and circumstances shall nevertheless be valid, and the City hereby declares that this Ordinance would have been enacted without such invalid provision. Section 10. It is officially found, determined, and declared that the meeting at which this Ordinance is adopted was open to the public and public notice of the time, place, and subject matter of the public business to be considered at such meeting, including this Ordinance, was given, all as required by Chapter 551, as amended, Texas Government Code. Section 11. This Ordinance shall be effective upon the date of final adoption hereof and any publication required by law. PASSED ON FIRST READING, the 12th day of February 2019. PASSED, APPROVED and ADOPTED ON SECOND READING, the 26th day of February 2019. CITY OF SCHERTZ, TEXAS Mayor Pro-Tern lison Heyward ATTEST: