Page 457 - Southlake FY23 Budget

APPEnDIx

FInAnCIAL POLICIES

9.09. Failure to Adopt a Budget.

If the Council fails to adopt the budget by the 15th day of September the amounts appropriated for the current
fiscal year shall be deemed adopted for the ensuing fiscal year on a month-to-month basis with all items in it pro-
rated accordingly until such time as the Council adopts a budget for the ensuing fiscal year. The levy of property tax
normally approved as a part of the budget adoption will be set to equal the total current fiscal year receipts, unless
the ensuing fiscal year budget is approved by September 30th of the current fiscal year.

9.10. Public Records.

Copies of the approved operation budget, capital facilities and property budget and supporting papers shall be filed
with the City Secretary and shall be public records available to the public upon request.

9.11. Specified Reserve Fund.

Specified reserve funds may be created for specific purposes, and may be used only for such purposes.

B.

AMENDMENTS AFTER ADOPTION

9.20. Supplemental Appropriations.

If during the fiscal year the City Manager certifies that there are revenues available for appropriation in excess of
those estimated in the budget, the Council may make supplemental appropriations to fund the appropriations as
desired or carry the excess into the next fiscal year.

9.21. Emergency Appropriations.

To meet a public emergency created by a natural disaster or man-made calamity affecting life, health, property, or
the public peace, the Council may make emergency appropriations. Such appropriations may be made by emergency
ordinance in accordance with the provisions of 3.14 of this Charter.
In such case, the Council may by emergency ordinance, authorize the issuance of emergency notes, but the
emergency notes and renewals shall be paid not later than the last day of the fiscal year next succeeding that in
which the emergency appropriations were made.

State Law References: Emergency expenditure, V.T.C.A., Local Government Code § 102.009.

9.22. Reduction of Appropriations.

If at any time during the fiscal year it appears probable to the City Manager that the revenues available will be
insufficient to meet the amount appropriated, the City Manager shall report to the Council without delay, indicating
the estimated amount of the deficit, any remedial actions taken by the City Manager and his/her recommendations
as to any other steps to be taken. The Council shall then take such further action as it deems necessary to prevent or
minimize any deficit, and for that purpose the Council may by ordinance reduce one or more appropriations.

9.23. Transfer of Appropriations.

At any time during the fiscal year the City Manager may transfer part or all of any unencumbered appropriation
balance among programs within a department, division, or office and, upon written request by the City Manager,

456 FY 2023 City of Southlake | BUDGET BOOK
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