HomeMy WebLinkAboutResolution 4693 Appropriating Funds and Estimating Revenue Necessary to Operate and Maintain Services of Municipal Government for FY17COMMISSION RESOLUTION NO. 4693 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA, APPROPRIATING FUNDS FOR VARIOUS BUDGET UNITS, AND FURTHER ESTIMATING REVENUE NECESSARY TO OPERATE AND MAINTAIN SERVICES OF MUNICIPAL GOVERNMENT FOR THE FISCAL YEAR ENDING JUNE 30, 2017. WHEREAS, the City Commission did, on the 9th day of May, 2016, receive and hear the City Manager's Budget Recommendations for Fiscal Year 2016-2017 (Fiscal Year 2017); and WHEREAS, the City Commission did, on May 16th, May 23rd, June 6th, and June 13th hold Budget Work Sessions that were open to the public to discuss the details of the Recommended Budget and make changes to the same; and WHEREAS, the City Commission did, on the 20th day of June, 2016, after due and proper legal notice, conduct a public hearing on the proposed municipal budget. NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman, Montana, to wit: Section 1 The City Commission of the City of Bozeman, Montana, does hereby authorize and appropriate expenditures of governmental fund types (general fund, special revenues funds, debt service funds and capital project funds) and operating expenses for proprietary fund types (enterprise funds and internal service funds) and fiduciary fund types (permanent funds) for budget units and purposes set forth below, in the amounts designated herein, as follows. The City Commission further authorizes and re-appropriates the unexpended balance of Capital Improvement Program & repair and equipment items previously budgeted which have not been completed. Page 1 of 4
Reso/11tio11 4693, Appropriating Funds for Fiscal Year e11di11g J1111e, 30, 2017 Budget Unit General Fund Special Revenue Funds Debt Service Funds Capital Projects Enterprise Funds Internal Service Funds Permanent Funds GRAND TOT AL -Operating Budget Section 2 $ Total/Fund $ 29,413,605 26,916,597 2,411,482 1,688,375 32,010,922 6,069,245 0 28!510!226 The City Commission of the City of Bozeman, Montana does hereby estimate revenues for the various funds, as follows: General Fund $ 28,534,746 Special Revenue Funds 22,209,781 Debt Service Funds 2,429,615 Capital Projects 834,756 Enterprise Funds 29,092,298 Internal Service Funds 6,026,612 Permanent Funds 106 000 GRAND TOT AL -Estimated Revenues $ 89!233!808 Page 2 of 4
Resolution 4693, Appropriating Funds for Fiscal Year ending June, 30, 2017 Section 3 That budget information contained in the "City Manager's Recommended Budget for Fiscal Year 2016-2017" document pertaining to Policy Direction, Fiscal Policy, and the specific information concerning budgeting for each department, as may be subsequently amended prior to final adoption of the budget, are hereby incorporated into the document entitled "Approved Budget for Fiscal Year 2016-2017" and are hereby adopted by reference. Section 4 Pursuant to Sections 7-6-4006 and 7-6-4012, M.C.A., the City Commission hereby delegates appropriation and budget amendment authority to the City Manager for the expenditures from the following funds: debt service funds; fee-based budgets; trust funds; federal, state and private grants accepted and approved by the City Commission; special assessments; monies bmrnwed during the year; proceeds from sale of land; and funds for gifts or donations. Section 5 Pursuant to Section 7-6-4030, M.C.A., this resolution, upon its passage, shall be in full force and effect on July 1, 2016. Section 6 That upon this resolution becoming effective, as provided in Section 5 above, all resolutions and parts thereof in conflict herewith are hereby repealed. Section 7 That should it be found by any comi of competent jurisdiction that any section, clause, portion, sentence, word, or phrase of this resolution is deemed to be contrary to any existing law or regulations, that in this instance, it is the intent of the City Commission of the City of Bozeman, Montana, that all other portions, sections, words, clauses, phrases, or paragraphs of this document shall remain in full force and effect. Page 3 of 4
Resolution 4693, Appropriating Funds/or Fiscal Year ending June, 30, 2017 PASSED AND APPROVED by the City Commission of the City of Bozeman, Montana, at a regular session thereof held on the 20th day of June, 2016. Mayor ATTEST: ROBIN CROBGll~;te-·-/·""~-~:-+< : C. Cl k . U . ·., ---· "J· --:. ...• < -1ty er ·. • ·.,_. ?---.0·~. <. -+< ~'j .•" • . . r::• ._:;_ \ ~t)) •• ~~ .. · ,. • • 0 · . <-1 • • • • • ~" -. -/J 1fN co·,,·· APPROVED AS TO FORM: City Attorney Page 4 of 4
FINANCIAL SUMMARY
Financial Summary
Final Budget
Fiscal Year 2016-2017
General Fund Special Debt Service Construction Enterprise Internal Permanent All Funds Revenue Projects Service
Projected Beginning
Fund Balance/Working Capital 5,572,033 17,541 ,615 2,654,125 605,000 19,764,352 232,503 1,096,222 47,465,850
·-Estimated Revenues -28,534,746 22,209,781 2,429,615 834,756 29,092,298 6,026,612 106,000 89 ,233,808
Less Appropriations .. 29,41 3,605 26,916,597 2,411,482 1,688,375 32,010,922 6,069,245 -98,510,226
lncrease/(Decrease) in
Fund Balance/Working Capital (878,859) (4,706,816) 18,133 (853,619) (2,918,624) (42,633) 106,000 (9,276,418)
Projected Ending
Fund Balance/Working Capital $ 4,693,174 $ 12,834,799 $ 2,672,258 $ (248,619) $ 16,845,728 $ 189,870 $ 1,202,222 $ 38,189,432