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ORDINANCE NO.2024-02
<br /> AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS,
<br /> TEXAS AMENDING THE CITY'S 2023-2024 FISCAL YEAR BUDGET TO
<br /> CARRY FORWARD FUNDS FROM THE 2022-2023 FISCAL YEAR; TO
<br /> ADJUST REVENUE AND EXPENDITURE ACCOUNTS IN MULTIPLE
<br /> OPERATING, SPECIAL REVENUE, INTERNAL SERVICE, AND CAPITAL
<br /> IMPROVEMENT PROJECT FUNDS; INCLUDING PROCEDURAL
<br /> PROVISIONS; AND PROVIDING AN EFFECTIVE DATE.
<br /> RECITALS:
<br /> In accordance with Section 8.16 of the City Charter, the City Council declares that a public
<br /> necessity exists that requires an amendment to the City's 2023 -2024 Fiscal Year Budget.
<br /> BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS,
<br /> TEXAS:
<br /> SECTION 1. The City Budget Ordinance for the 2023-2024 Fiscal Year is amended as set
<br /> forth in the attached Exhibit A, and as summarized by Fund in the following table:
<br /> ADOPTED REQUESTED REVISED
<br /> FUND TYPE FY 2024 BUDGET AMENDMENTS FY 2024 BUDGET
<br /> GENERAL FUND Revenue $ 111,351,806 $ 137,791 $ 111,489,597
<br /> TIRZ 5-DOWNTOWN Revenue $ 693,181 $ (17,624) $ 675,557
<br /> ELECTRIC UTILITY FUND Revenue $ 72,749,545 $ 31,312 $ 72,780,857
<br /> GENERAL FUND Expense $ 114,880,338 $ 3,549,681 $ 118,430,019
<br /> SPECIAL REVENUE Expense $ 10,169,750 $ 680,452 $ 10,850,202
<br /> STORMWATER FUND Expense $ 9,440,380 $ 37,866 $ 9,478,246
<br /> ELECTRIC UTILITY FUND Expense $ 73,934,172 $ 815,924 $ 74,750,096
<br /> WATER-WASTE WATER UTILITY FUND Expense $ 65,200,822 $ 3,127,829 $ 68,328,651
<br /> RESOURCE RECOVERY FUND Expense $ 7,243,073 $ (9,189) $ 7,233,884
<br /> TOTAL INCREASE IN REVENUE $ 151,479
<br /> TOTAL INCREASE IN EXPENDITURES $ 8,202,563
<br /> SECTION 2. If any word, phrase, clause, sentence, or paragraph of this ordinance is held to
<br /> be unconstitutional or invalid by a court of competent jurisdiction,the other provisions of this ordinance
<br /> will continue in force if they can be given effect without the invalid portion.
<br /> SECTION 3. All ordinances and resolutions or parts of ordinances or resolutions in conflict
<br /> with this ordinance are repealed.
<br /> SECTION 4. This ordinance will take effect immediately after its passage, approval, and
<br /> adoption on second reading.
<br /> PASSED AND APPROVED on first reading on January 16,2024
<br /> PASSED,APPROVED AND ADOPTED on second reading on January 30,2024.
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