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Ord 049-2003 5/20/2003qw ORDINANCE NO. LAO�"0,003 ORDINANCE OF THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, AMENDING THE 2002 -03 BUDGET FOR THE TRANSIT SYSTEM TO REFLECT ADDITIONAL FEDERAL AND STATE GRANT APPROPRIATIONS AND AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY FUNDING AGREEMENTS RELATED HERETO; FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS ORDINANCE WAS PASSED WAS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, the 2002 -03 budget for the Transit System includes $817,023 in federal and state funding for operations of the Transit System; and, WHEREAS, the City has been informed after the adoption of the budget that an additional $534,781 federal and state funding for the Transit System is available for the 2002 -03 fiscal year; and, WHERAS, as a result of receiving these additional grant funds, it is possible to reduce the amount of local subsidy that will be required for the Transit System by $18,609; and WHEREAS, it is desirable to budget these additional grant funds for (1) costs associated with a bus stop shelter at the entrance to Sheppard Air Force Base ($25,000), (2) a replacement bus ($225,000) and (3) contingency funds in operational and preventative maintenance areas ($266,172). NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: SECTION 1. The 2002 -03 Transit Budget is hereby amended as outlined in the attachment to this Ordinance entitled "Transit Grant Funding Attachment." SECTION 2. The City Manager is authorized to enter into all necessary state and federal funding agreements required to operate the Wichita Falls Transit System. SECTION 3. 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 20th day of May, 2003. ATTEST: City Clerk 1�.. IIIIIIIIIINAARAWK61 . Transit Grant Funding Attachment Fiscal Year 2003 Original Amended Expenditures Operating Budget Budget Revenues 237,290 339,579 Bus Passenger Fees 175,000 175,000 Federal Grant 550,000 1,069,284 State Grant 267,023 282,520 City Subsidy 234,390 215,781 Total Revenues 1,226,413 1,742,585 Expenditures Operating 918,723 1,082,606 Preventive Maintenance 237,290 339,579 Capital Surveillance Cameras 65,400 65,400 Wheel Balancer 5,000 5,000 Bus Shelter - 25,000 Bus Replacement - 225,000 Total Expenditures 1,226,413 1,742,585