CITY OF TEXARKANA, AR

REQUEST FOR BOARD ACTION

 

AGENDA TITLE: Adopt a Resolution approving the FY2018 Budget. (FIN)

 

AGENDA DATE: 12/04/2017

ITEM#:  8 

DEPARTMENT: Finance

DATE SUBMITTED: 11/27/2017

PREPARED BY: TyRhonda Henderson

SUBJECT:  Approving the FY2018 Budget Appropriation for the General Fund, Public Works Fund, & other funds

EXHIBITS: Resolution; Final Budget of General Fund, Public Works Fund, and other funds budgets along with a combined Summary of Revenues and Expenditures.

APPROVAL:

EXPENSE REQUIRED: $43,389,992

AMOUNT BUDGETED: $0

APPROPRIATION REQUIRED: $43,389,992

SUMMARY: State law requires adoption of an annual budget. The General Fund, Public Works Fund, and other funds summaries are provided.  This resolution proposes adoption of the 2018 budget and amendments of the 2017 budget to reflect year-end adjustments for the 2017 audit. On November 20, 2017, the Board of Directors, City Manager, and staff held a workshop session regarding the 2018 annual operating budget. The City Manager and staff held meetings with department heads in regard to their 2018 budget. The Advertising and Promotion Fund budget was adopted on October 19, 2017 by the A & P Commission and is included. The Bi-State Justice Fund budget has yet to be approved by the Intergovernmental Advisory Committee. Therefore, it is not included in the City's attached budget. Please refer to the final budget and the attached combined summary of operating revenues and expenses.

 

BOARD ACTION: City Manager and staff recommend adoption of budget on December 5, 2017.

No emergency clause is required.

 

 RESOLUTION NO. ______

WHEREAS, the fiscal year of the City of Texarkana, Arkansas, is January 1 to December 31; and

WHEREAS, the law of the State of Arkansas requires adoption of an annual budget; and

WHEREAS, the 2018 proposed budget has been reviewed by the Board of Directors in a workshop session, which was open to the public; and 

NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the City of Texarkana, Arkansas, that:

SECTION 1:   The 2018 Budget attached hereto and made a part hereof, along with amendments of the 2017 budget to reflect year-end adjustments for the 2017 audit, is hereby adopted.  Said budget shall be kept on file in the office of the City Clerk.

SECTION 2:   The respective amounts of money allocated to each of the funds in the 2018 Budget, including 2017 revised amounts, are hereby allowed and appropriated. 

SECTION 3:   Unless otherwise specifically required by separate ordinance or applicable law, the City Manager is authorized to select and hire individuals to fill all budgeted positions (now or hereafter coming vacant) contained in the FY2018 budget. 

PASSED AND APPROVED this 5th day of December, 2017.

 

 

_____________________________

Ruth Penney Bell, Mayor

ATTEST:

 

________________________________

Heather Soyars, City Clerk

 

 

 

APPROVED:

 

________________________________

George M. Matteson, City Attorney