Ordinance 14-T-45 - Budget Adjustment to Schertz Economic Development Corporation FundORDINANCE NO. 14 -T -45
AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF
SCHERTZ, TEXAS AUTHORIZING A BUDGET ADJUSTMENT TO THE
SCHERTZ ECONOMIC DEVELOPMENT CORPORATION FUND TO
CORRECT THE APPROVED BUDGET; REPEALING ALL
ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT WITH
THIS ORDINANCE; AND PROVIDING AN EFFECTIVE DATE
WHEREAS, pursuant to Ordinance 14 -T -42, the City of Schertz (the "City") adopted the
budget for the City for the fiscal year 2014 -2015 (the "Budget), which provides funding for the
City's operations throughout the 2014 -2015 fiscal year; and
WHEREAS, the City needs to adjust the Budget to reduce the Schertz Economic
Development Corporation funding by $50,744.00 to correct a clerical error on the original
Ordinance 14-T-42; and
WHEREAS, City staff recommends that the City Council of the City adjust the Budget
and approve the correction of funding for the Schertz Economic Development Corporation; and
WHEREAS, the City Council of the City has determined that it is in the best interests of
the City to adjust the Budget and reduce the adopted budget, 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 adjust the Budget and shall reduce the Economic Development
Corporation Budget by $50,744.00 to match the adopted FY 2014 -15 Budget to the proposed
budget.
Section 2. The sums below show the corrected total for the FY 2014 -15 Budget as
originally intended:
2014 -2015 Budget
General Fund
$25,386,088
Special Events Fund
$
153,800
PEG Fund
$
209,000
Water & Sewer Fund
$17,788,563
EMS Fund
$
8,151,501
Drainage Fund
$
1,094,618
Hotel Tax Fund
$
302,730
Park Fund
$
60,000
Tree Mitigation
$
116,125
Capital Recovery-Water
$
536,109
Capital Recovery-Sewer
$
1,160,497
Tax I &S Fund
$
5,636,157
Library Fund
$
30,000
Historical Committee
$
11,100
Parks & Recreation Foundation
$
297,900
SEDC
$
3,023,810
Total
$63,957,998
Section 3. 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 4. All ordinances and codes, or pants 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inconsistent with any provision of this Ordinance are hereby repealed to the extent of such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 5. This Ordinance shall be construed and enforced in accordance with the laws
of the State of Texas and the United States of America.
Section 6. 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 7. 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 8. This Ordinance shall be effective upon the date of final adoption hereof and
any publication required by law.
50558021.1 - 2 -
PASSED ON FIRST READING, the 141h day of October, 2014.
PASSED, APPROVED and ADOPTED ON SECOND READING, the 21st day of
October, 2014.
CITY OF SC TEXAS
Michael Carpenter, Mayor
ATTEST: - --
1
IU da Dennis, City Secretary
(CITY SEAL)
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