Ord 81-2008 12/16/2008 � � '
ORDINANCE NO. ��"
ORDINANCE AMENDING THE 2007-08 BUDGET IN VARIOUS FUNDS
AS PART OF THE 2007-08 FISCAL YEAR END CLOSING PROCESS;
FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS
ORDINANCE WAS PASSED WAS OPEN TO THE PUBLIC AS
REQUIRED BY LAW.
WHEREAS, the City is currently in the process of closing its financial records for
the 2007-08 fiscal year; and
WHEREAS, as part of that process, it is 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:
SECTION 1. Budget adjustments, as indicated on the attached worksheet, which
are made a part of this ordinance, are hereby approved.
SECTION 2. It is hereby officially found and determined that the meeting at
which this ordinance was passed was open to the public as required by law.
PASSED AND APPROVED this the 16th day of December 2008.
MAYOR
ATTEST:
� � �_ �
ity Clerk
. �
2007-08 YEAR END BUDGET REVISICMNS
2007-08 2007-08 r
Funcl.+Department Budaet Revised Reason Far A.djust�nent.
Hotel?Motel Tax Fw�ct Revenues:
Taxes 1,520,000 1,530,162 Revenues from H/M Receipts Exceeded Budget Slightly
Reseroe Fund Appropriation 30,730 30,730 Depletes All of H/M Fund Reserves
Total H.+M Fund Revenues 1,550,730 1,560,892
Hotelt'Motel Tax Expenditures:
Outside Agencies 1D5,500 105,500
MPEC/Auditorium 5ubsidy 1,445,230 1,455,392 Additional 5ubsidy for MPECIAuditorium Can Be Made Due to Higher H/M Tax Revenues
Total H.+M Fund Expenditarss 1,550,730 1,560,892
MPEC Fm�d Revenues:
Operating Revenues 2,033,448 2,007,209 Revenues for Coliseum 5lightly Under Estimates
Hotel/Motel Tax Subsidy 1,424,730 1,432,329 All of H!M Fund Balance is Being Used to 5ubsidize MPECIAuditorium Operations
Skybox Suite Revenue - 43,449 This much of the $134,375 Coliseum Skybox Rent is maintained to Balance MPEC Funds
Total MPEC Revenues 3,d58,178 3,482,987
MPEC Fund Expendiriues 3,458,178 3,�182,987 Additional Expenses Required Principally for Exhibit Hall Labor
Golf Course F�md Revenuss:
Green FeeslPasses (September Only) 94,298 137,811
Resale of Materials 10,157 10,157
FoodfBev Revenue - 18,694
General Fund Subsidy 605,664 784,391 Start Up Expenses Were Higher than Budgeted Amounts
Total Golf Funcl Revenues 710,119 951,053
Golf Course Fun�l Expenclitur�es: 710,119 951,053 Start Up Expenses Were Higher than Budgeted Amounts
Kickapoo Airport Funsl Revsnues:
Fuel Sales 645,298 858,298 Markup Pricing For Airplane Fuel 5ales Was Considerably Higher Than Budgeted Amounts
Other Misc Revenue 179,760 179,760
Total Airport Funsl Revenues 825,058 1,038,058
Kickapoo Airport Funcl Expsn�litures: 825,058 1,038,058 Airplane Fuel Costs Were Much Higher Than Budgeted Amounts
General Fund Ex��enditin
Fire Department 12,183,382 12,233,382 Overtime During Vacancies and Step Up Pay Higher than Budgeted Amounts r
Police Department 19,517,999 19,467,999 Salary Savings Occurred Due to Vacancies
All Other Departments 34,038,193 3d,038,193
Tatal General Fund Ex��enditures 65,739,5?� 65,739,57'4