2006-142
s:\Our Documcnts\Ordinances\06\Budgct Amendment-clectricity.DOC
ORDINANCE NO. .200(b-/;.f2.
AN ORDINANCE OF THE CITY OF DENTON, TEXAS AMENDING THE FISCAL YEAR
2005-2006 BUDGET AND ANNUAL PROGRAM OF SERVICES OF THE CITY OF
DENTON FOR THE GENERAL FUND TO ALLOW FOR AN ADJUSTMENT OF FIVE
HUNDRED THOUSAND DOLLARS ($500,000) TO PROVIDE FOR THE EXPENDITURE
OF FUNDS TO COVER THE INCREASED COST OF ELECTRICITY; DECLARING AN
EMERGENCY; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, pursuant to Ordinance No. 2005-247, the City Council of the City of
Denton, Texas approved the Fiscal Year 2005-2006 Budget and Annual Program for Services
(the "Budget"); and
WHEREAS, due to increases in the energy cost adjustment ("ECA") rate and warmer
than usual temperatures, the General Fund operating budget for Fiscal Year 2005-2006 needs to .,
be amended; and
WHEREAS, increasing the General Fund operating budget by $500,000 for electricity
will enable departments to continue to provide services without having to sacrifice other
resources; and
WHEREAS, revenues from franchise fees and return on investments will offset the
increased cost to the General Fund; and
WHEREAS, the 2005-2006 operating budget for electricity is $1,970,371 and increasing
this by $500,000 will provide an amended budget amount of$2,470,371; and
WHEREAS, the Budget did not provide for the expenditure of $500,000 to cover the
increased cost of electricity because it was unforeseeable; and
WHEREAS, it is an emergency and a matter of grave public necessity that the Budget be
amended to allow for an adjustment of $500,000 for the increased cost of electricity; and
WHEREAS, the Council finds that this budget amendment also serves an important
municipal purpose already contemplated as an eligible item for expenditure in the current
Budget, consistent with 9102.010 of the Texas Local Government Code; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION I. The findings set forth in the above preamble to this ordinance are true and
correct, and are hereby adopted.
-.
$:\Our Documcnts\Ordinances\06\lludgct Amendment-electricity. DOC
SECTION 2. The Budget is hereby amended by the City Council for the General Fund to
allow for an adjustment of Five Hundred Thousand Dollars ($500,000) to provide for the
expenditure of funds to cover the increased cost of electricity.
SECTION 3. This Ordinance shall be filed with the City Secretary, who is directed to
attach a copy of this Ordinance to the Budget and cause this Amendment to be published once in
the Denton Record-Chronic/e.
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.
SECTION 5. This Ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this the
ill
10 - day of
Yl{aA{'
C~~~
,2006.
EULINE BROCK, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
RY'''''I~~ lJb-Q:lo, , _
APPROVED AS TO LEGAL FORM:
EDWIN M. SNYD R, CIT ATTORNEY
BY:
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