Page 4 - City of Euless ORD 2314 08-22-2022

SECTION 6.

The sums below are hereby appropriated from the respective capital funds for the
payment of expenditures on behalf of the City government as established in the approved
Capital Improvement Program:
FY2022
Amended FY2023
Fund Appropriations Appropriations

Drainage Capital Projects Fund 50, 000
Streets Capital Projects Fund 1, 530, 937 1, 335, 275
Water & Wastewater Capital Projects Fund 9, 230, 932 9, 642, 916
Water Impact Fee Fund 120, 769
Wastewater Impact Fee Fund 100, 000
General Capital Projects Fund 561, 784 8, 940, 000
Police Facility Capital Improvements Projects 960, 000
Half Cent Capital Projects Fund ( EDC) 690, 405 3, 881, 920
Texas Star Golf Course Capital Projects 120, 000
Redevelopment Fund 2, 507, 876 1, 000, 000
Developers Escrow 12, 288

SECTION 7.

The sums below are hereby appropriated from the respective reserve funds to
provide transfers to certain operating and capital improvement funds as established in the
approved budget document.
FY2023
Fund Appropriations

Water & Wastewater Rate Stabilization Reserve Fund $ 979, 205
Texas Star Golf Course Reserve Fund $ 100, 000
Water & Wastewater Debt Reserve Fund $ 16, 957

SECTION 8.

The City Manager is authorized from time to time, as he/ she may deem to be in
the best interest of the City of Euless, to invest city funds not immediately required for
current use, including operating funds and bond funds, as per the City Council adopted
Investment Policy.

SECTION 9.

SEVERABILITY CLAUSE. It is hereby declared to be the intention of the City
Council that the phrases, clauses, sentences, paragraphs, and sections of this ordinance

Ordinance No. 2314, Page 4 of 5