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12-28-20-Ordinance-Budget Amendment No 1 Capital Projects Fund-01/04/2021ORDINANCE #12-28-20 AN ORDINANCE OF THE CITY OF SANGER, DENTON COUNTY, TEXAS, (BUDGET AMENDMENT 1) AMENDING ORDINANCE #09-24-20, WHICH WILL AMEND THE BUDGET FOR THE 2020-2021 FISCAL YEAR AND AUTHORIZING AMENDED EXPENDITURES AS PROVIDED; PROVIDING FOR THE REPEAL OF ALL ORDINANCES IN CONFLICT; PROVIDING FOR A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Council approved the budget ordinance for the 2020-2021 Fiscal Year on September 21, 2020; and WHEREAS, this amendment was prepared and presented to the City Council and after consideration, it is the consensus of the City Council to amend the approved budget ordinance; and NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SANGER, TEXAS: Section 1: The annual budget for the 2020-2021 Fiscal Year is hereby amended to increase revenues in the Enterprise Capital Projects Fund by $730,000.00 as shown in Exhibit "A". Section 2: Expenditures during the 2020-2021 Fiscal Year shall be made in accordance with the amended budget approved herein, unless otherwise authorized by a duly enacted ordinance of the City and said budget document shall be on file for public inspection in the office of the City Secretary. Section 4: If any section, article, paragraph, sentence, clause, phrase or word in this ordinance or application thereof to any person or circumstance is held invalid or unconstitutional by a court of competent jurisdiction, such holding shall not affect the validity of the remaining portions of the ordinance and the City Council hereby declares it would have passed such remaining portions of the ordinances despite such invalidity, which remaining portions shall remain in full force and effect. Section 5: This ordinance shall take effect immediately from and after its passage, as the law and Charter in such cases provide. PASSED, APPROVED AND ADOPTED by the City Council of the City of Sanger, Denton County, Texas, on this 41h day of January 2021. APPROVED: Thomas E. Muir, Mayor ATTEST: Tana Staton, Deputy City S MEMORANDUM To: Jeriana Staton, Interim City Manager From: Clayton Gray, Finance Director Date: December 28, 2020 Re: Budget Amendment Revenues for Water Tap Fees, Sewer Tap Fees, and Interest Income for the Enterprise Capital Projects Fund were inadvertently excluded from the 2019-2020 Annual Budget. The 2020-21 Annual Budget should therefore be amended to increase revenues as follows: G/L Account #G/L Account Name Amount 840-00-4131 Water Tap Fees 300,000$ 840-00-4132 Sewer Tap Fees 380,000$ 840-00-4800 Interest Income 50,000$ Total 730,000$ Enterprise Capital Projects Fund Page 25