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Ord 75-2011 12/20/2011ORDINANCE NO. 75 -2011 Ordinance Amending The 2010 -11 Budget In Various Funds As Part Of The 2010 -11 Fiscal Year End Closing Process. WHEREAS, the City is currently in the process of closing its financial records for the 2010 -11 fiscal year; and WHEREAS, as part of that process, it is sometimes necessary to make budget adjustments to ensure that all departments and funds end the fiscal year with sufficient appropriations at the expenditure class total accounting level. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: Budget adjustments, as indicated on the attached Worksheet, which are made a part of this ordinance, are hereby approved. PASSED AND APPROVED this the 20th day of December, 2011. MAYOR ATTEST: City Clerk Worksheet General Fund Revenues $ 65,040,118 $ 65,040,118 $ Ori inal Revenue Bud et General Fund Expenditures Fire Department $ 12,716,881 $ 12,728,443 $ 11,662 Principally Overtime for Wildfires Police Department $ 20,090,484 $ 20,011 ,269 $ 9,226 Savings in Salaries MPEC Subsidy $ - $ 67,663 $ 67,663 Principally Revenue Shortfall in Exhibit Hall Other General Fund Depts $ 32,232,753 $ 32,232,733 $ - General Fund Expenditures $ 65,040,118 $ 65,040,118 $ - Hotel Motel Fund Revenues $ 1,455,000 $ 1,545,406 $ 90,406 Hotel /Motel Tax Generated More Funds than Original Bud et Hotel Motel Fund Expenditures MPED Subsidy $ 1,357,335 $ 1,434,131 $ 76,796 Principally Revenue Shortfall in Exhibit Hall Other Expenditures $ 97,666 $ 111,275 $ 13,610 ,auditorium Subsidy Higher than Budgeted (Fewer Events) Hotel Motel Fund Expenditures $ 1,455,000 $ 1,545,406 $ 90,406 Kicks oo Airport Fund Revenue $ 839,350 $ 988,621 $ 149,271 Sale of Jet Fuel at Higher Prices than Bud eted Kicks oo Airport Expenditures $ 841,293 $ 960,958 $ 119,665 Cost of Jet Fuel at Hi her Prices than Bud eted MPEC Fund Revenues Hotel /Motel Subsidy $ 1 ,367,336 $ 1,434,131 $ 76,796 Higher H/M Revenue Allowed for Increased Subsidy General Fund Subsidy $ - $ 67,663 $ 67,663 General Fund Subsidy Required Principally for Exhibit Hall All Other MPEC Revenue $ 1 ,923,958 $ 1,644,671 $ (279,387) Fewer Events and Attendance at MPEC Facilities MPED Fund Revenues $ 3,281,293 $ 3,146,365 $ 134,928 MPED Fund Expenditures $ 3,281,293 1 $ 3,146,365 1 $ 134,928 Savin s in MPEC Costs due to fewer events and attendance Worksheet