Page 291 - CityofGrapevineFY25AdoptedBudget

Section 3. That the City Council hereby adopts the revised budget for the fiscal
year ending September 30, 2024 and the proposed Annual Operating Budget for the fiscal
year ending September 30, 2025 and appropriates the funds contained therein.

Section 4. That a copy of the official adopted FY2024- 2025 budget document
shall be kept on file in the office of the City Secretary and the City of Grapevine website.

Section 5. That the City Manager be and is hereby authorized to make intra and
inter-departmental fund transfers during the fiscal year as becomes necessary in order to
avoid over-expenditure of a particular object code.

Section 6. That the City Manager is authorized to approve expenditures up to
15, 000. Any expenditure over the $ 15, 000 limit requires the approval of the City Council.

Section 7.
That the City Manager is authorized to reclassify personnel positions
within city service as warranted.

Section 8. That the City Manager, and/ or Assistant City Manager and/ or Chief
Financial Officer and/ or designated investment officer are authorized to invest any funds
not needed for current use, whether operating funds or bond funds in Official City
Depositories, in any investment instrument authorized by the City' s Investment Policy and
Investment Strategy and allowed by the Texas Public Funds Investment Act.

Section 9. That the reserve requirement for the Golf Enterprise Fund is
suspended for FY2024 and FY2025.

Section 10. That the fact that the fiscal year begins on October 1, 2024 requires
that this ordinance be effective upon its passage and adopted to preserve the public
peace, property, health and safety and shall be in full force and effect from and after its
passage and adoption, and an emergency is hereby declared.

PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 17th day of September, 2024.

APPROVED:

William D. to
Mayor

Ordinance No. 2024- 077 2
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