Ordinance 07-2023 - FY2023 Budget Amendment
Ordinance Date unknown · 3 page(s)
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Ordinance 07-2023 amends the Town of Centreville Fiscal Year 2023 budget as set out in an attached Exhibit A; it takes effect upon adoption. The ordinance record shows first reading on October 19, 2023 and second reading, enactment, and effective date of November 16, 2023. The FY2023 mid-year update tables for the General Fund show a subtotal of revenues of $7,402,605, a transfer to the permanent fund of ($376,737), total expenses of $7,025,874, and a reported difference of $1,396,172. The Enterprise Fund mid-year update shows total revenues and total expenses each of $2,697,936, with listed components including Water revenues (about $1,163,073), Sewer $962,205, a cost transfer from the General Fund of $226,396, and a transfer to/from fund balance of ($319,603); the Enterprise section also references American Rescue Plan Act funds.
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TOWN COUNCIL OF CENTREVILLE ORDINANCE NUMBER 07-2023 AN ORDINANCE FOR THE PURPOSE OF AMENDING THE TOWI\ OF CENTREVILLE FISCAL YEAR 2023 BUDGET AND ALL THINGS RELATED GENERALLY THERETO. WHER-EAS, the Town of Centreville adopted its operating budget for Fiscal Year 2023 by the adoption of Ordinance 08-2022; and WHEREAS, by this Ordinance, the Town of Centreville desires and intends to make certain amendments to the budget as provided in Exhibit A, attached hereto, and made apart hereof. NOW THEREFORE BE IT ENACTED AND ORDAINED by the Town Council of Centreville as below and attached. SECTION I: The Town of Centreville Fiscal Year 2023 Budget shall be amended by adoption of the changes as shown on Exhibit A, attached hereto and made apart hereof. SECTION II: All provisions of the Town of Centreville Fiscal Year 2023 Budget not changed by the attached Exhibit A shall remain as originally approved by the adoption of Ordinance 08-2022. WHEN EFFECTIVE: This Ordinance shall take effect, be in full force, and effective upon adoption. ATTEST: THE TOWi\ COUNCIL OF CENTREVILLE Betty Jean , Esq., President Acting Town Clerk First Reading October 19,2023 Eric B. Johnson, Jr., Vice President : Second Reading November 16. 2023 4 n//*-' Enacted: November 16.2023 Effective: November I6.2023 B. Worth, Member Jim Member Jeffrey TOWN OF CENTREVILTE FISCAT YEAR 2023 Mid-Year Update FINAT GENERAT FUND oPERATING BUDGET/WiIh 14% allocation of pur costs - St3 REVENUES S 3,320,324 Local Taxes 2,736,794 572,L30 Licenses and Permits 140,980 407,247 Reven ue I nvestment 297, Subtotal Revenues 7,402,605 Transfer to Permanent Fund (376,7371 5 TOTAT REVENUES t,ozs,stq $ A70 Planni & 702,O04 A92 General Government s22 C22 Solid Waste 349,759 H40 Main Street 47,390 H60 42,069 Cost Transfer to Enterprise Funds 226,398) s 4,725,6s9 Debt Service C11 Roads 816,597 27,452 904,043 Difference L,396,t72 TOTAT EXPENSES s 7,O25,874 FY23 Mid-Year Update Page 1 LLlrsl2o23l TOWN OF CENTREVILLE FISCAT YEAR 2023 Mid-Year Update FINAL ENTERPRISE FUND OPERATING BUDGET/With 14% allocation of costs - s13 PUT REVENUES Usage s Water L,1,63,073 Allocation Fees Water 35,679 Farm Revenue 50,000 Service Late Penalties & Fines 87,876 American Rescue Plan Act (Total 54,871,t231 2,697,836 S TOTAT REVENUES 2,697,936 Sewer s 962,205 Farm 713 Cost Transfer from General Fund 226,396 2,195,899 S Water 368,425 82L,540 Transfer to/from Fund Balance (319,603) $ TOTAL EXPENSES 2,697,936 FY23 Mid-Year Update Lthsl2023 Page 2