Item # 8 - FY2019.2020 Budget Amendment

1. CITY OF ALAMO HEIGHTS
ADMINISTRATION AND FINANCE DEPARTMENT
CITY COUNCIL AGENDA MEMORANDUM
TO: Mayor and City Council
FROM: Robert Galindo, Finance Director
SUBJECT: Budget Amendment for current Fiscal Year 2019-20
DATE: September 28, 2020
SUMMARY
An Ordinance authorizing an amendment to the current Fiscal Year 2019-20 Adopted Budget.
This budget amendment is for a total of $200,000 for transfers from the General Fund to Street
Maintenance Fund and Capital Replacement Fund.
BACKGROUND INFORMATION
The City funds street maintenance through the dedicated ½ cent sales tax and by transfers from
the General Fund each year. The Capital Replacement Fund is funded through transfers from the
General Fund.
POLICY ANALYSIS
City staff practices sound financial management and this budget amendment is in line with the
city’s fiscal policies and strategic planning to pay for streets and capital replacement on a pay as
you go method. The Capital Replacement Fund is used to replace vehicles and capital equipment.
Within the next 5 years, other critical equipment such as a fire truck, an ambulance, portable
radios, dispatch communications equipment and public works machinery will need to be
replaced. This transfer will allow the city to continue its street maintenance program and to
replace equipment without issuing debt.
FISCAL IMPACT
The following is the total amount of the transfers to each fund for fiscal year 2019-20:
Streets Maintenance Fund -$ 150,000$ 150,000$
Capital Replacement Fund 353,049$ 50,000$ 403,049$
Total 353,049$ 200,000$ 553,049$
Adopted Budget
FY 2019-20
Budget Amendment
9-28-20Transfers from General Fund to:
Amended
Total

2. ATTACHMENT
Attachment A – Ordinance
______________________
Robert Galindo
Finance Director
______________________
Buddy Kuhn
City Manager

3. Attachment A
ORDINANCE NO. __________
AN ORDINANCE AMENDING THE ADOPTED FISCAL YEAR 2019-20
OPERATING BUDGET FOR THE GENERAL FUND TRANSFERS OUT
THE TO STREET MAINTENANCE FUND AND CAPITAL
REPLACEMENT FUND FOR A TOTAL OF $200,000
WHEREAS, the City of Alamo Heights is projecting a positive year end fund balance in
the General Fund; and
WHEREAS, City Staff recommends using some of the positive fund balance for the
current Fiscal Year 2019-20 for transfers to the Street Maintenance Fund and Capital Replacement
Fund for a total amount of $200,000; and
WHEREAS, this budget amendment follows sound financial management and fiscal
policy to fund street projects and capital replacement on a pay as you go method; and
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF ALAMO HEIGHTS, TEXAS that the adopted fiscal year 2019-2020 operating budget is
amended by $200,000 for transfers to the Street Maintenance Fund $150,000 and Capital
Replacement Fund $50,000. The current budget adopted by Ordinance No. 2142 is amended to
reflect this budget amendment.
PASSED AND APPROVED this 28th
day of September, 2020.
_____________________________________
BOBBY ROSENTHAL, MAYOR
ATTEST:
_______________________________
JENNIFER REYNA, CITY SECRETARY
APPROVED AS TO FORM:
_______________________________
FRANK J. GARZA, CITY ATTORNEY