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Home My WebLink About1994-182j:\wpdocs\ord\amend.o ORDINANCE NO. AN ORDINANCE AMENDING THE 1993-94 ANNUAL BUDGET OF THE CITY OF DENTON BY APPROPRIATING THE SUM OF ONE HUNDRED SEVENTEEN THOUSAND DOLLARS ($117,000.00) FROM THE UNAPPROPRIATED BALANCE OF THE GENERAL FUND TO SUBRECIPIENTS OF HOTEL TAX COLLECTIONS AND THE AIRPORT GRANT FUND ACCOUNT; PROVIDING FOR PUBLICATION HEREOF; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the City is required by contracts with various organizations to remit a certain percentage of hotel, occupancy taxes collected and the 1993-94 Budget did not project the increase in the collection of such taxes and the corresponding obligation to remit funds of approximately $42,000 to such organizations; and WHEREAS, the projecting of hotel occupancy tax collections are difficult at best to determine with the constant fluctuation in supply and demand business markets, the travel decisions of tourists and overall economic conditions; and WHEREAS, the City has received a matching grant, from the Federal Aviation Administration to construct a 1,000 foot extension to the runway at the Denton Municipal Airport in the amount of $1,475,000, requiring the FAA to fund 90% of the construction cost and the City supplying 10% of such costs; and WHEREAS, the method used by the FAA in awarding grants made it impossible for the City to have predicted it would receive this grant so the 1993-94 budget did not appropriate funds for this remote possibility; and WHEREAS, the City is entitled under the matching grant to a credit of $88,889 for "in -kind" costs expended by the City since its previous grant resulting in a shortage of matching funds of $75,000; and WHEREAS, Sec. 8.08 of the Charter of the City of Denton and §102.009 of the Texas Local Government Code provide a governing body may authorize an emergency expenditure as an amendment to the original budget only in a case of grave public necessity to meet an unusual and unforeseen condition that could not have been included in the original budget through the use of reasonably diligent thought and attention; and WHEREAS, the City Council finds that the failure to expend the funds discussed above will create a grave public necessity and requires the 1993-94 budget be amended to allow the use of a portion of the unappropriated General Fund balance to fund these expenditures; NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON, TEXAS HEREBY ORDAINS: SECTION I. That the 1993-94 Budget of the City of Denton, Texas is hereby amended by appropriating the sum of one Hundred Seventeen Thousand Dollars ($117,000.00) from the Unappropriated Balance of the General Fund to the following accounts: 100-041- 020M-8936 ($18,129), 100-041-020M-8961 ($6,043), 100-041-020M-8975 ($6,361), 100-041-02OM-8977 ($5,318), 100-041-020M-8978 ($725), and 100-041-020M-8998 ($5,424) for the purpose of making contractual payments to the Chamber of Commerce, the North Texas Fair Associa- tion, the Greater Denton Arts Council, Denton County Historical Foundation and Denton County Historical Museum, Inc. and 100-022- 0019-8907 ($75,000) for complying with the FAA matching grant requirements. SECTION II. That the City Secretary is directed to attach a copy of this ordinance to the original budget and cause this amendment to be published once in the Denton Record -Chronicle. SECTION III. That this ordinance shall become effective immediately upon its passage and approval. PASSED AND APPROVED this the o%! day of 1994. ATTEST: JENNIFER WALTERS, CITY SECRETARY BY: W APP ED A TO LEGAL FORM: DEBRA A. DRAYOVITCH, CITY ATTORNEY BY: ��i a , 7t"' PAGE 2 Jilaki[ew_I &W I"T DATE: September 27, 1994 TO: The Honorable Mayor and Members of the City Council FROM: Jon Fortune, Management Services Administrator SUBJECT: GENERAL FUND BUDGET AMENDMENT Pleases find the attached ordinance to amend the 1993-94 budget. The original General Fund budget did not project the increase in hotel/motel tax collections. Because of the increased revenues, and because of contractual agreements with subrecipients of these funds, the City will incur unforeseen expenditures of funds. In order to accommodate these expenditures and comply with previously approved contractual agreements, an additional appropriation of funds requiring an amendment to the original General Fund budget is required. This appropriation will be offset by the additional revenues that are being generated from the increased collections. The City recently received a grant from the FAA for a 1,000 foot runway extension in the amount of $1,475,000. This grant is ninety (90%) percent funding and requires a ten (10%) percent match from the City ($163,889) for a total project cost of $1,638,889. Of the city's ten (10%) percent match, we have identified $88,889 of "in -kind" expenditures. This ordinance appropriates the remaining $75,000 of the City's matching portion. The above amendment is for municipal purposes. If you have any questions, please advise. JF;af Attachment ORDINANCE EXHIBIT A FISCAL YEAR 1993-94 YEAR END BUDGET AMENDMENT Chamber of Commerce North Texas Fair Association Greater Denton Arts Council Denton Co. Historical Museum Denton Co. Historical Foundation Hotel Motel Tax Reserve Airport Grant Funding CURRENT INC(DEC) MODIFIED BUDGET AMOUNT BUDGET 186,471 18,129 62,157 6,043 65,429 6,361 54,698 5,318 7,459 725 55,786 5,424 0 75,000 117,000 204,600 100-041-020M-8936 68,200 100-041-020M-8961 71,790 100-041-020M-8975 60,016 100-041-020M-8977 8,184100-041-020M-8978 61,210 100-041-020M-8998 75,000 100 — 022 — 0019 — 8907