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HomeMy WebLinkAboutOrdinance No. 21-005 FY19 Budget Amendment - TMRS and FRRF ContributionsORDINANCE NO.21-005 AN ORDINANCE OF THE CITY OF UNIVERSITY PARK,TEXAS,AMENDING THE 2018-2019 FISCAL YEAR BUDGET,ORDINANCE NO.18-033,TO RECOGNIZE THE ADDITIONAL SUMS CONTRIBUTED TO BOTH THE TEXAS MUNICIPAL RETIREMENT SYSTEM ("TMRS")AND THE FIREMAN'S RELIEF AND RETIREMENT FUND ("FRRF") WITHIN THE BUDGETED FUNDS OF THE CITY;INCREASING THE AMOUNT OF FY2019 CITY CONTRIBUTION EXPENSE BUDGETED IN EACH DEPARTMENT;AND PROVIDING AN EFFECTIVE DATE. WHEREAS,the City of University Park has previously contributed to both the TMRS and the FRRF to provide benefits for its employees upon their retirement;and WHEREAS,the City Council of the City of University Park has previously determined that it was in the best interest of the City to pay over to each of the retirement funds an additional sum of one million dollars ($1,000,000),and WHEREAS,the amounts so paid were appropriated from the available fund balance of the Self- Insurance Fund,which is not part of the officially adopted fiscal year budget,and WHEREAS,the amounts paid are considered part of the City contribution for fiscal 2019 and should,therefore,be considered part of the fiscal 2019 budget;and WHEREAS,the fiscal 2019 budget has not been amended to reflect the contribution increase; NOW,THEREFORE,BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF UNIVERSITY PARK,TEXAS: SECTION 1.That Ordinance No.18-033,the 2018-2019 fiscal year budget ordinance of the City of University Park,Texas,be,and the same is hereby,amended to include as City Contribution the amounts paid over to both TMRS and the FFRF,in accordance with Ordinances 18-042 and 18-043 by increasing City Contribution expenditures $2,000,000 in the specific accounts listed on Exhibit "A" attached hereto and made a part hereof for all purposes,and such expenditures are hereby authorized and made a part of the 2018-2019 fiscal year budget of the City. SECTION 2.This ordinance shall take effect immediately from and after its passage,as the law and Charter in such cases provide DULY PASSED by the City Council of the City of University Park,Texas,on this 23rd day of March,2021. APPROVED: TOMMY STEWART,MAYOR ATTEST: CITY ATTORNEY CHRISTINE GREEN,CITY SECRETARY EXHIBIT A ADDITIONAL FISCAL YEAR 2019 BUDGET ALLOCATIONS DUE TO TMRS AND FRRF CASH INFUSIONS IGroupl Account 1 Department 11120 -TMRS 1 1121 -FRRF I TOTAL 1 GG 01-02 EXECUTIVE $47,657 $47,657 GG 01-03 FINANCE 35,985 35,985 GG 01-04 HUMAN RESOURCES/RISK MGT 11,289 11,289 GG 01-05 INFORMATION SERVICES 38,165 38,165 GG 01-06 LIBRARY 19,796 19,796 PS 01-10 LEGAL 9,165 9,165 PW 01-19 BUILDING 47,115 47,115 PW 01-20 ENGINEERING 22,568 22,568 PW 01-25 TRAFFIC 27,874 27,874 GG 01-35 FACILITY MAINTENANCE 9,542 9,542 PS 01-40 FIRE 31,546 $1,000,000 1,031,546 PS 01-50 POLICE 293,368 293,368 PK 01-70 PARKS 92,520 92,520 PK 01-75 SWIMMING POOL 4,202 4,202 ST 01-80 STREETS 53,736 53,736 UT 02-21 UTILITIES OFFICE 14,985 14,985 UT 02-22 UTILITIES 100,695 100,695 UT 02-24 IN HOUSE CONSTRUCTION 13,425 13,425 SA 04-60 SANITATION 88,042 88,042 IS 47-30 GARAGE 26,842 26,842 IS 47-34 WAREHOUSE 11,483 11,483 Total $1,000,000 $1,000,000 $2,000,000