2015-222s:UegaRour documents \ordinances \15 \080415 budget amendment.doex
ORDINANCE NO. 2015 -222
AN ORDINANCE OF THE CITY OF DENTON, TEXAS, AMENDING THE FISCAL YEAR
2014 -2015 BUDGET AND ANNUAL PROGRAM OF SERVICES OF THE CITY OF
DENTON TO ALLOW FOR ADJUSTMENTS TO THE ELECTRIC FUND OF TEN
MILLION DOLLARS ($10,000,000) FOR THE PURPOSE OF PAYING OFF
OUTSTANDING DEBT, AND THE MATERIALS MANAGEMENT FUND OF TWO
MILLION SEVEN HUNDRED THOUSAND DOLLARS ($2,700,000) FOR THE PURPOSE
OF PURCHASING ADDITIONAL MATERIAL INVENTORY RELATED TO INCREASED
CAPITAL CONSTRUCTION THROUGHOUT THE CITY; DECLARING A MUNICIPAL
PURPOSE; PROVIDING A SEVERABILITY CLAUSE, AN OPEN MEETINGS CLAUSE
AND AN EFFECTIVE DATE.
WHEREAS, pursuant to Ordinance No. 2014 -279, the City Council of Denton, Texas,
approved the Fiscal Year 2014 -2015 Budget and Annual Program of Services (the "Budget ");
and
WHEREAS, the City of Denton desires to pay off outstanding debt of the City's Electric
Fund; and
WHEREAS, the City of Denton desires to purchase additional material inventory related
to increased capital construction throughout the City; and
WHEREAS, the City Council finds that this Budget Amendment serves an important
municipal purpose as eligible items for expenditure in the current Budget, consistent with
Section 102.010 of the Texas Local Government Code and other applicable laws; NOW,
THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS;
SECTION 1. The findings set forth in the above preamble to this Ordinance are true and
correct and are hereby adopted.
SECTION 2. The Fiscal Year 2014 -2015 Budget and Annual Program of Services is
hereby amended by the City Council to allow for an adjustment to the Electric Fund of
$10,000,000, increasing appropriations from $167,044,830 to $177,044,830 and an adjustment to
the Materials Management Fund of $2,700,000, increasing appropriations from $9,164,317 to
$11,864,317.
SECTION 3. This Ordinance shall be filed with the City Secretary, who is directed to
attach a copy of this Ordinance to the Fiscal Year 2014 -2015 Budget and Annual Program of
Services.
SECTION 4. This Ordinance was approved by at least five members of the City Council
as required by Section 8.08 of the City Charter.
Olegakour documents\ordinances\l 5\080415 budget amendment.docx
SECTION 5. If aiiy sectioll, stibsectioii, pttragnipli, seMelice, clause, phrase, or word in
this Ordinance, or the applicatioii thetvol' to wlny person or wider any circumstances is held
invalid by any court of competent jtn' i scli c tiorl, sticli lioldfiig shall iiot affect the validity of the
remaining portions of this Ordinance, and the City Council of the City of Denton, Texas, hereby
declares it would have enacted such remaining portions despite any such invalidity.
SECTION 6. it is officially found and determined that the meeting at which this
Ordinance was passed was open to the public as required by law, and the public notice of the
time, place and purpose of this meeting was given as required by law.
SECTION 7. This Ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this the 41- day of 2015.
-:
CHRIS -/F —`1 S, MAYOR
-
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
. ... .... . .
BY:
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