08-19-23-Ordinance-Adopting the Fiscal Year 2023-2024 Budget-08/21/2023CITY OF SANGER, TEAS
ORDINANCE No. 08-19-23
AN ORDINANCE OF THE CITY OF SANGER, DENTON COUNTY, TEXAS,
ADOPTING THE BUDGET PROVIDING FOR THE APPROPRIATION OF FUNDS FOR
OPERATING AND CAPITAL EXPENDITURES FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2023 AND ENDING SEPTEMBER 30, 2024, PROVIDING FOR THE
INTRA- AND INTER -DEPARTMENT AND FUND TRANSFERS, PROVIDING FOR
UNEXPECTED REVENUES SUCH AS GRANTS, DONATIONS, AND INSURANCE
PROCEEDS, PROVIDING FOR AN EFFECTIVE DATE, AND PROVIDING FOR
APPROVAL OF THE INVESTMENT POLICY.
WHEREAS, the City of Sanger (the "City") is a home rule municipality regulated by state
law and Charter; and
WHEREAS, pursuant to the laws of the State of Texas and the City Charter, the budget
covering proposed expenditures for the fiscal year beginning October 1, 2023, and ending
September 30, 2024, was filed with the City Secretary; and
WHEREAS, budget workshops were conducted by the City Council on the proposed
budget at which time the proposed budget was fully considered; and
WHEREAS, in accordance with the provisions of the City Charter and the Local
Government Code, the City Council of the City of Sanger, Texas published notices of public
hearings on the budget and conducted public hearings in accordance with City Charter and state
statutes; and
WHEREAS, Chapter 2256 of the Texas Government Code, commonly known as the
"Public Funds Investment Act," requires the City to review its investment policy and investment
strategies not less than annually; and
WHEREAS, the Public Funds Investment Act requires the governing body to adopt a
written instrument by rule, order, ordinance, or resolution stating that it has reviewed the
investment policy and investment strategies and that the written instrument shall record any
changes made to either the investment policy or investment strategies; and
WHEREAS, the attached City of Sanger Investment Policy is in compliance with the
Public Funds Investment Act and requires no changes to either the investment policy or investment
strategies; and
WHEREAS, The City has implemented Governmental Accounting Standards Board
Statement 54, Fund Balance Reporting and Govermnental Fund Type Definitions (GASB 54) and
Fund balance categories under GASB 54 are Nonspendable and Spendable and classifications
under the Spendable category are Restricted, Committed, Assigned, and Unassigned and these
classifications reflect not only the nature of funds, but also provide clarity to the level of restriction
placed upon fund balance; and
Ordinance 08-19-23 Adopting 2023-2024 Budget Page 1 of 3
WHEREAS, the City Council finds that passage of this Ordinance is in the best interest of
the citizens of Sanger.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
SANGER, TEXAS:
SECTION 1. That the City Council adopts the budget for the City of Sanger, Texas, a copy
of which is on file in the office of the City Secretary and which hereinafter referred to as the
"Budget" for the fiscal year beginning October 1, 2023, and ending September 30, 2024.
SECTION 2. That the budget presented by the City Council and reviewed during the
public hearing is hereby approved and adopted for the Fiscal Year 2023-2024.
General Fund $ 13,058,097
Debt Service Fund $ 15900,782
Enterprise Fund $ 151639,325
Enterprise Debt Service Fund $ 2,364,672
Internal Service Fund $ 3,735,630
44 Fund $ 189,625
4B Fund $ 557,625
Capital Projects Fund $ 5,637,401
Enterprise Capital Projects Fund $ 15,677,910
Special Revenue Funds $ 112,000
SECTION 3. That the City Manager be authorized to make intra and inter -department fund
transfers during the fiscal year as becomes necessary in order to avoid over expenditure of any
department's total budget.
SECTION 4. That the City Manager be authorized to increase the budget for items
received during the year that have a corresponding revenue and expenditure such as Grants;
Donations, and Insurance Proceeds received for property damage.
SECTION 5. That the City Manager be authorized to sign contracts up to $50,000 for
services and projects authorized in the budget.
SECTION 6. That the City of Sanger has complied with the requirements of the Public
Funds Investment Act and the City Council has reviewed the investment policy and investment
strategies and there are no changes to either the investment policy or investment strategies.
SECTION 7. In circumstances where an expenditure is to be made for a purpose for which
amounts are available in multiple fund balance classifications, the order in which resources will
be expended is as follows: restricted fund balance, followed by committed fund balance, assigned
fiend balance, and lastly unassigned fund balance. When it is appropriate for fund balance to be
assigned, the City Council hereby delegates the authority to the City Manager. The following fund
balances are committed: Equipment Replacement Funds, Library Building Expansion Funds,
Beautification Board Funds, all Donated Funds, and Capital Projects Funds.
SECTION 8. It is hereby declared to be the intention of the City Council that the sections,
paragraphs, sentences, clauses, phrases and words of this Ordinance are severable and, if any
word, phrase, clause, sentence, paragraph, or section of this Ordinance shall be declared
Ordinance 08-19-23 Adopting 2023-2024 Budget Page 2 of 3
unconstitutional by the valid judgment or decree of any court of competent jurisdiction, such
unconstitutionality shall not affect any of the remaining portions of this Ordinance, since the same
would have been enacted by the City Council without the incorporation in this Ordinance of any
such unconstitutional word, phrase, clause, sentence, paragraph, or section.
SECTION 9. This ordinance will take effect immediately from and after its passage and
the publication of the caption, as the law and Charter in such case provides.
SECTION 10. The City Council of the City of Sanger, Texas met in a public meeting on
August 21, 2023, and adopted this ordinance with a majority vote as follows:
Council Member Marisa Barrett AYE NAY
Council Member Gary Bilyeu AYE ✓ NAY
Council Member Dennis Dillon AYE ✓ NAY _
Council Member Allen Chick AYE V' NAY
Council Member Victor Gann AYE NAY
ABSTAI
N
ABSTAIN
ABSTAIN
I_\: III_\1►�
ABSTAIN
ABSENT
ABSENT
ABSENT
ABSENT
PASSED AND APPROVED by the City Council of the City of Sanger, Texas on this 21St
day of August 2023.
ATTEST:
City Secretary
APPROVED:
Thomas E. Muir, Mayor
Coleman, City
Ordinance 08-19-23 Adopting 2023-2024 Budget Page 3 of 3