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HomeMy Public PortalAbout2020_03_24_O006 Adoption of Fiscal Year 2021 BudgetThe Town of Leesburg, Virginia ORDINANCE NO. 2020-0-006 PRESENTED: March 24, 2020 ADOPTED: March 24, 2020 AN ORDINANCE: ADOPTING THE BUDGET FOR FISCAL YEAR 2021; MAKING APPROPRIATIONS FOR FISCAL YEAR 2021 FOR THE GENERAL FUND, UTILITIES FUND, CAPITAL PROJECTS FUND, AND NORTHERN VIRGINIA TRANSPORTATION AUTHORITY (NVTA) FUND; AMENDMENTS TO THE BUDGET AND SUPPLEMENTAL APPROPRIATIONS BY COUNCIL RESOLUTION; AND AUTHORIZING AND DIRECTING THE TOWN MANAGER TO TAKE ALL STEPS NECESSARY AND PRUDENT TO EFFECTUATE THE IMPLEMENTATION OF THE ORDINANCE The Council of the Town of Leesburg in Virginia hereby ordains: SECTION I. The budget for the fiscal year beginning July 1, 2020, and ending June 30, 2021, is hereby adopted to include the total of$143,954,144 in the categories and accounts of the General Fund in the amount of $62,520,513; the Utilities Fund in the amount of $33,990,931; the Capital Projects Fund in the amount of $41,086,800; and the Northern Virginia Transportation Authority (NVTA) Fund in the amount of$6,355,900. SECTION II. The amounts reflected in the budget for the fiscal year beginning July 1, 2020, and ending June 30, 2021, are hereby appropriated a total of $143,954,144 in the categories and accounts of the General Fund in the amount of $62,520,513; the Utilities Fund in the amount of $33,990,931; the Capital Projects Fund in the amount of $41,086,800; and the Northern Virgini~ Transportation Authority (NVTA) Fund in the amount of $6,355,900. SECTION III. Any amendments to the budget or supplemental appropriations adopted herein may be enacted by the Town Council by resolution from time to time. SECTION IV. The Town Manager is hereby authorized and directed to take all appropriate administrative actions necessary and prudent to effectuate implementation of this ordinance including, but not limited to, transferring money within and between funds, paying all short and long term debt due, and re-appropriating and establishing necessary encumbrances -2- AN ORDINANCE: ADOPTING THE BUDGET FOR FISCAL YEAR 2021; MAKING APPROPRIATIONS FOR FISCAL YEAR 2021 FOR THE GENERAL FUND, UTILITIES FUND, CAPITAL PROJECTS FUND, AND NORTHERN VIRGINIA TRANSPORTATION AUTHORITY (NVTA) FUND; AMENDMENTS TO THE BUDGET AND SUPPLEMENTAL APPROPRIATIONS BY COUNCIL RESOLUTION; AND AUTHORIZING AND DIRECTING THE TOWN MANAGER TOT AKE ALL STEPS NECESSARY AND PRUDENT TO EFFECTUATE THE IMPLEMENTATION OF THE ORDINANCE including purchase card transactions crossing fiscal years and grant funding balance and related reservations of fund balance at fiscal year-end. SECTION V. Appropriations designated for Capital Projects, unexpended as of June 30, 2020, are hereby re-appropriated for those projects. The re-appropriation of these funds is in addition to the appropriations for Capital Improvement Projects for Fiscal Year 2021. Upon completion of a capital project, staff has authorization to close-out said project and transfer to the source any remaining balances. This section applies to all existing appropriations for capital projects at June 30, 2020 and appropriation for capital projects in Fiscal Year 2020 capital budgets. SECTION VI. Any excess funding attributable to collected availability fees are hereby held in an established reserve and restricted for future capital expenditures SECTION VI. All prior ordinances and resolutions in conflict herewith are hereby repealed. SECTION VII. If any provision of this ordinance is declared invalid, the decision shall not affect the validity of the ordinance as a whole or any remaining provisions of the ordinance. SECTION VIII. This ordinance shall be effective July 1, 2020. PASSED this 24th day of March, 2020. ATTEST: r£A,;._. )&, ,;,) Clerk of Council LF\LeesburgRMS\Town_Clerk\Ordinances\2020\0324 Adoption ofFiscal Year 2021 Budget