Ordinance 2019-051
ORDINANCE NO.2019-05
AN ORDINANCE OF THE CITY OF WYLIE, TEXAS, AMENDING
ORDINANCE NO. 2018-24, WHICH ESTABLISHED THE BUDGET
FOR FISCAL YEAR 2018-2019; REPEALING ALL CONFLICTING
ORDINANCES; PROVIDING FOR A SEVERABILITY CLAUSE;
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City Council heretofore adopted Ordinance No. 2018-24 setting forth the
Budget for Fiscal Year 2018-2019 beginning October 1, 2018, and ending September 30, 2019;
and,
WHEREAS, the Wylie Economic Development Corporation (WEDC) routinely reviews their
budget appropriations to determined if any changes are necessary; and
WHEREAS, based upon said review the Wylie Economic Development Corporation staff
now recommends that certain amendments to the Budget be considered by the City Council; see
Exhibit A; and,
WHEREAS, the City Council has the authority to make amendments to the City Budget under
Article VII, Section 4 of the City Charter, as well as State law; and,
WHEREAS, the City Council has determined that the proposed amendments to the FY 2018-
2019 Budget, see Exhibit A, with the revenues and expenditures therein contained, is in the best
interest of the City; and therefore, desires to adopt the same by formal action.
NOW, THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE
CITY OF WYLIE, TEXAS:
SECTION I: The proposed amendments to the FY2018-2019 Budget of the City of Wylie,
as heretofore adopted by Ordinance No. 2019-05, are, completely adopted and approved as
amendments to the said FY 2018-2019 Budget.
SECTION I I: All portions of the existing FY 2018-2019 Budget and Ordinance No. 2018-
24, except as specifically herein amended, shall remain in full force and effect, and not be otherwise
affected by the adoption of the amendatory ordinance.
SECTION 111: Should any paragraph, sentence, sub -division, clause, phrase or section of
this ordinance be adjudged or held to be unconstitutional, illegal or invalid, the same shall not affect
the validity of this ordinance as a whole or any part or provision thereof, other than the part or parts
as declared to be invalid, illegal, or unconstitutional.
SECTION IV: This ordinance shall be in full force and effect from and after its adoption
by the City Council as the law and the City Charter provide in such cases.
Ordinance No. 2019-05
WEDC Budget Amendment
SECTION V: That all other ordinances and code provisions in conflict herewith are
hereby repealed to the extent of any such conflict or inconsistency and all other provisions of the
Wylie City Code not in conflict herewith shall remain in full force and effect.
SECTION VI: The repeal of any ordinance, or parts thereof, by the enactment of the
Ordinance, shall not be construed as abandoning any action now pending under or by virtue of
such ordinance; nor shall it have the effect of discontinuing, abating, modifying or altering any
penalty accruing or to accrue, nor as affecting any rights of the municipality under any section or
provision of any ordinances at the time of passage of this ordinance.
DULY PASSED AND APPROVED by the City Council of the City of Wylie, Texas, this
12t' day of February, 2019.
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Eric Hogue, M r
ATTEST:'
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Stephanie Storm, City Secretary V ` �p TA �� �AQo �V
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Ordinance No. 2019-05
WEDC Budget Amendment
WYLIE ECONOMIC DEVELOPMENT CORPORATION
STATEMENT OF REVENUES AND EXPENDITURES
BUDGET PROPOSED AMENDED
2018-2019 AMENDMENTS 2018-2019
BEGINNING BALANCE: $ 720,887 (1) $ 1,462,636 (2)
REVENUES:
Sales Taxes
2,600,000
-
2,600,000
Intergovernmental Revenues
-
-
-
Interest
3,600
-
3,600
Rental Income
112,440
10,000
122,440
Gain/(Loss) Sale of Capital Assets
1,300,000
252,726
1,552,726
Bank Note Proceeds
-
4,500,000
4,500,000
Lease Principal Payments
-
-
-
Total Revenues $
4,016,040 $
4,762,726 $
8,778,766
EXPENDITURES:
Economic Development
Personnel Services
422,181
-
422,181
Supplies
9,040
-
9,040
Materials for Maintenance
7,000
-
7,000
Contractual Services
Debt Service
1,904,887
1,751,819
246,914
220,130
2,151,801
1,971,949
Capital Outlay
642,000
4,667,760
5,309,760
Other Financing (Uses)
-
-
-
Total Expenditures
4,736,927
5,134,804
9,871,731
ENDING BALANCE:
$ -
$
369,671
(1) Projected Beginning Balance at 10/1/2018
(2) Actual Audited Beginning Balance at 10/1/2018
1
BUDGET AMENDMENT - EXPENSES
FISCAL YEAR 2019
RANK . 1 OF 1 r REQUEST: I DEPARTMENT: WEDC
New Request: XX
Funds already received?
New personnel?
Change Level of current personnel?
Salary Grade:
From: To:
PURPOSE/OBJECTIVE OF REQUEST:
Allocate funding for anticipated expenses asociated with land acquisition, expenses associated with land maintenance and preparation for redevelopment,
debt service and infrastructure investment.
ACCOUNT NO.
DESCRIPTION
AMOUNT
111
5611
56030
Incentives
-123, 786
111
5611
56040
Special Services
370,000
111
5611
56090
Community Development
-500
111
5611
56310
Insurance
1,200
111
5611
57415
Debt Service
220,130
111
5611
58110
Land - Purchase Price
4,500,000
111
5611
58210
Streets & Alleys
167,760
TOTAL 1 5,134, 804
ADDITIONAL COMMENTS:
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BUDGET AMENDMENT - REVENUES
FISCAL YEAR 2019
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