21-R-40 - Amendment to the FY 2021 SSLGC BudgetRESOLUTION NO. 21 -R -40
A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF SCHERTZ,
TEXAS APPROVING A BUDGET AMENDMENT TO THE
SCHERTZ/SEGUIN LOCAL GOVERNMENT CORPORATION FISCAL
YEAR 2021 ANNUAL BUDGET, AND OTHER MATTERS IN
CONNECTION THEREWITH. ( SSLGC RESOLUTION # SSLGC R21 -23)
WHEREAS, the Schertz Seguin Local Government Corporation ( SSLGC) is a corporation
for the provision of and transportation of water wholly owned by both the City of Schertz and the
City of Seguin; and
WHEREAS, SSLGC By -Laws require that the corporation establish an annual budget and
said annual budget must be approved by the SSLGC Board of Directors and both the City of
Schertz and the City of Seguin; and
WHEREAS, the SSLGC's FY2021 Annual Budget was approved by City Council on
June 25, 2019; and
WHEREAS the proposed budget amendment for FY 2021, provided herein as Attachment
A, has been approved by the SSLGC Board of Directors at their regularly scheduled February
Board Meeting; and
WHEREAS, the City staff of the City of Schertz (the "City") recommends that the City
approve the Schertz/Seguin Local Government Corporation Fiscal Year 2021 Amended Annual
Budget; and
WHEREAS, the City Council has determined that it is in the best interest of the City to
approve the budget to ensure that the citizens and businesses of Schertz continue to receive
excellent and vital water service.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS
THAT:
Section 1. The City Council hereby authorizes the approval of the Schertz /Seguin Local
Government Corporation Fiscal Year 2021 Amended Annual Budget.
Section 2. The recitals contained in the preamble hereof are hereby found to be true,
and such recitals are hereby made a part of this Resolution for all purposes and are adopted as a
part of the judgment and findings of the City Council.
Section 3. All resolutions, or parts thereof, which are in conflict or inconsistent with
any provision of this Resolution are hereby repealed to the extent of such conflict, and the
provisions of this Resolution shall be and remain controlling as to the matters resolved herein.
Section 4. This Resolution shall be construed and enforced in accordance with the laws
of the State of Texas and the United States of America.
Section 5. If any provision of this Resolution or the application thereof to any person
or circumstance shall be held to be invalid, the remainder of this Resolution and the application of
such provision to other persons and circumstances shall nevertheless be valid, and the City
Council hereby declares that this Resolution would have been enacted without such invalid
provision.
Section 6. It is officially found, determined, and declared that the meeting at which
this Resolution 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 Resolution,
was given, all as required by Chapter 551, Texas Government Code, as amended.
Section 7. This Resolution shall be in force and effect from and after its final passage,
and it is so resolved.
PASSED AND ADOPTED, this 11t` day of May 2021.
CITY OF SCHERTZ, TEXAS
e-I
Ralp C" tie e Mayor
ATTEST:
Brenda Dennis, City Secretary
Resolution # SSLGC R21 -13
A RESOLUTION AMENDING THE FISCAL YEAR 2021 SCHERTZ SEGUIN LOCAL GOVERNMENT
CORPORATION BUDGET.
NOW, THEREFORE, BE IT RESOLVED THAT THE FISCAL YEAR 2021 SCHERTZ SEGUIN LOCAL
GOVERNMENT CORPORATION BUDGET IS AMENDED AS FOLLOWS:
Schertz - Seguin Local Government Corporation Operating Fund
Amount
$ 501,685
Reason requested:
Amount
Increase:
SSLGC - Operating
Utilities
Electric
058- 9000 - 411000
Increase:
SSLGC - Operating
Non - Departmental
Use of Retained Earnings
058- 9800 - 960000
To increase electric due to the increased bill from GVEC for the services during the February
winter storm.
Increase:
$1,000,000 SSLGC - Operating
Intragovernmental Transfers
Transfers to Repair & Replacement Fund
058- 9000 - 826100
Increase:
SSLGC - Operating
Non - Departmental
Use of Retained Earnings
058- 9800 - 960000
Reason requested: The Corporation has a Retained Earnings policy. This policy set a threshold for the
minimum retained earnings to be held in the operating fund. This minimum policy was set
at three months operating expenditures. Based upon this policy and the results of the audit,
there is over $2 million above this threshold available for use.
Repair and Replacement Fund
Amount Increase:
$1,000,000 Repair and Replacement Fund
Intragovernmental Transfers
Transfers from Operating Fund
061 - 391058
Increase:
Repair and Replacement Fund
Retained Earnings
061 - 297020
Reason requested: The Corporation has a Retained Earnings policy. This policy set a threshold for the
minimum retained earnings to be held in the operating fund. This minimum policy was set
at three months operating expenditures. Based upon this policy and the results of the audit,
there is over $2 million above this threshold available for use.
PASSED AND ADOPTED BY THE BOARD OF DIRECTORS OF THE SCHERTZ -SEGUIN LOCAL
GOVERNMENT CORPORATION, on this the 15`f' day of April, 2021.
President
Schertz- Seguin Local Government Corporation
ATTEST:
1 11111
I � �� i tl
Or
Assistant Secretary