HomeMy Public PortalAbout2011_04_12_O007 FY2012 BudgetThe Town of
Leesburg,
Virginia
ORDINANCE NO.
AN ORDINANCE:
PRESENTED April 12, 2011
2011 -0 -007 ADOPTED April 12, 2011
ADOPTING THE BUDGET FOR FISCAL YEAR 2012; MAKING
APPROPRIATIONS FOR FY 2012 FOR THE GENERAL FUND,
UTILITIES FUND, AIRPORT FUND, AND CAPITAL PROJECTS
FUND; AUTHORIZING THE CONTINUATION OF THE REVENUE
STABILIZATION RESERVE; COMMITTING THE FISCAL RESERVE
OF 15% OF EXPENDITURES FOR FY 2012; AUTHORIZING
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 THIS ORDINANCE
The Council of the Town of Leesburg in Virginia hereby ordains:
SECTION I. The budget for the fiscal year beginning July 1, 2011; and ending June 30,
2012, is hereby adopted to include the adjusted totals in the categories and accounts of the
General Fund in the amount of $46,268,605 the Utilities Fund in the amount of $21,378,793; the
Airport Fund in the amount of $3,813,048; and Capital Projects Fund in the amount of
$12,481,001.
SECTION II. The amounts reflected in the budget for the fiscal year beginning July 1,
2012 and ending June 30, 2012, are hereby appropriated to include the adjusted totals in the
categories and accounts to the General Fund in the amount of $46,268,605; Utilities Fund in the
amount of $21,378,793; Airport Fund in the amount of $3,813,048; and Capital Projects Fund in
the amount of $12,481,001.
SECTION III. The Revenue Stabilization Reserve in the amount of $1,400,000 is hereby
committed for FY 2012.
SECTION IV. The fiscal reserve shall be 15% of expenditures for FY 2012.
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AN ORDINANCE: ADOPTING THE BUDGET FOR FISCAL YEAR 2012; MAKING
APPROPRIATIONS FOR FY 2012 FOR THE GENERAL FUND,
UTILITIES FUND, AIRPORT FUND, AND CAPITAL PROJECTS
FUND; AUTHORIZING THE CONTINUATION OF THE REVENUE
STABILIZATION RESERVE; COMMITTING THE FISCAL RESERVE
OF 15% OF EXPENDITURES FOR FY 2012; AUTHORIZING
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 THIS ORDINANCE
SECTION V. Any amendments to the budget or supplemental appropriations adopted
herein may be enacted by Town Council by resolution from time to time.
SECTION VI. 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
sort and long term debt due, and establishing necessary encumbrances at fiscal year end.
SECTION VII. All prior ordinances and resolutions in conflict herewith are hereby
repealed.
SECTION VIII. 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 IX. This ordinance shall be effective July 1, 2011.
PASSED this 12 day of April, 2011.
P: \Ordinances\201 I \0412 FY 2012 Budget Appropriaton Ordinance.doc
Kristen C. Umstattd, Mayor
Town of Leesburg