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HomeMy WebLinkAboutResolution 5048 Appropriating Funds for Various Budget Units, and Further Estimating Revenue Necessary to Operate and Maintain Services of Municipal Government for FY20 RESOLUTION NO. 5048 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 JUKE 30,2020. WHEREAS,the City Commission did, on the 13th day of May,2019,receive and hear the City Manager's Budget Recommendations for Fiscal Year 2019-2020 (Fiscal Year 2020); and WHEREAS,the City Commission did,on May 13th,June 3,June 10, and June 171h 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 241h day of June,2019, 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 Page 1 of 4 Resolution 5048,Appropriating Funds for Fiscal Year ending June, 30,2020 budgeted which have not been completed. Budget Unit TotaFFund General Fund $ 34,566,877 Special Revenue Funds $ 36,587,388 Debt Service Funds $ 41,045,772 Capital Projects $ 41,467,362 Enterprise Funds $ 41,788,199 Internal Service Funds $ 9,377,654 Permanent Funds $ - GRAND TOTAL—Operating Budget S 204,833,252 Section 2 The City Commission of the City of Bozeman,Montana does hereby estimate revenues for the various funds, as follows: BudLyet Unit Total/Fund General Fund $ 33,057,181 Special Revenue Funds $ 30,299,299 Debt Service Funds $ 40,751,603 Capital Projects $ 38,044,733 Enterprise Funds $ 37,443,903 Internal Service Funds $ 9,485,524 Permanent Funds $ 90,000 GRAND TOTAL—Estimated Revenues 189,172,243 Page 2 of 4 Resolution 5048,Appropriating Funds for Fiscal Year ending June, 30,2020 Section 3 That budget information contained in the"City Manager's Recormnended Budget for Fiscal Year 2019-2020" 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 2019-2020" 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 borrowed 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, 2019. 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 The Tourism Business Improvement District fund appropriations will be budgeted once a Dissolution Plan has been accepted by the Commission. Page 3 of 4 Resolution 5048,Appropriating Funds for Fiscal Year ending June, 30,2020 Section 8 That should it be found by any court 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. PASSED, ADOPTED, AND APPROVED by the City Commission of the City of Bozeman,Montana, at a regular session thereof held on the 24th day of June 2019. YNTHIA L. US Mayor ��f.lf ATTEST: 130 ' 0 , ■ ■ r • •♦ ♦•�C�. it • �J •' ROBIN CROUGH 3 � City Clerk 9119 as r�o�� T;v co. APPROVED AS TO FORM: KAREN ST AUGH Acting City Attorney Page 4 of 4