HomeMy WebLinkAboutOrd 913 Revising the FY19-20 budget and approving the FY20-21 budgetTOWN OF WESTLAKE
ORDINANCE NO. 913
AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS,
REVISING THE BUDGET FOR THE 2019-2020 FISCAL YEAR; ADOPTING THE
BUDGET FOR THE TOWN OF WESTLAKE, TEXAS FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 2020 AND ENDING SEPTEMBER 30, 2021 INCLUDING
INVESTMENT POLICY, PAY PLAN POLICY, FISCAL AND BUDGETARY POLICIES,
RESTRICTED, COMMITTED AND ASSIGNED FUND BALANCES; PROVIDING
AUTHORIZATION TO THE TOWN MANGER TO APPROVE APPROPRIATED FUNDS
UP TO $50,000; PROVIDING THAT THE BUDGET BE KEPT IN CITY SECRETARY'S
OFFICE; PROVIDING FOR A SEVERABILITY CLAUSE; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, public notice of a public hearing on the proposed annual budget, stating the
date, time, and place and subject matter of the public hearing, was given as required by the laws of
the State of Texas and; and
WHEREAS, a public hearing was duly held, and all interested persons were given an
opportunity to be heard for or against any item therein on September 14, 2020; and,
WHEREAS, as required by Texas Local Government Code 102.002, the budget officer has
prepared a municipal budget to cover the proposed expenditures of the municipal government for
the succeeding year; and,
WHEREAS, this budget will raise more revenue from property taxes than last year's budget
by an amount of $122,145, a 5.20% increase from last year's budget, and the property tax revenue
to be raised from new property added to the tax roll this year is $134,493.
WHEREAS, the Town Council finds that the passage of this Ordinance is in the best
interest of the citizens of Westlake.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
WESTLAKE, TEXAS:
SECTION 1: That, all matters stated in the Recitals hereinabove are found to be true and
correct and are incorporated herein by reference as if copied in their entirety
SECTION 2: That the Town Council hereby adopts the revised budget for the fiscal year
beginning October 1, 2019 and ending September 30, 2020 as shown within Exhibit "A."
SECTION 3: That the Town Council does hereby approve the proposed Municipal Budget
attached in Exhibit "A ", adopting the budget for the fiscal year beginning October 1, 2020 and
ending September 30, 2021.
Ordinance 913
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SECTION 4: That the Town Council does hereby adopt the presented Investment Policy,
Pay Plan Policy, Fiscal and Budgetary Policies, and the Restricted, Committed and Assigned Fund
Balances,
SECTION 5: That the Town Council hereby gives the Town Manager authorization to
approve any appropriated funds up to the amount of $50,000.
SECTION 6: That a copy of the official adopted 2020-2021 budget document shall be kept
on file in the office of the Town Secretary.
SECTION 7: If any portion of this Ordinance shall, for any reason, be declared invalid by
any court of competent jurisdiction, such invalidity shall not affect the remaining provisions hereof
and the Council hereby determines that it would have adopted this Ordinance without the invalid
provision.
SECTION 8: This Ordinance shall take effect immediately from and after its passage as
the law in such case provides.
PASSED AND APPROVED ON THIS 14th DAY OF SEPTEMBER 2020.
ATTEST:
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Todd Wood, Town Secretary
APPROVP AS O FORM:
L nto Town Attorney
Laura Wheat, Mayor
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Amanda DeGan, Town Manager
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Ordinance 913
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