(a) 
Mayor.
The mayor of the town or designee (hereinafter "mayor") is hereby authorized to execute all documents as authorized by the town’s home rule charter and/or as otherwise expressly authorized by official action of the town council.
(b) 
Town manager.
The following contracts may be entered into and executed on behalf of the town by the town manager or designee (hereinafter "town manager") without further council authorization:
(1) 
Contracts for the purchase of goods or services equal to or less than twenty-five thousand dollars ($25,000.00) for which funds have been budgeted or anticipated in the fiscal year during which payment is due; including, but not limited to, contracts for the performance of governmental functions, goods, or services pursuant to Texas Government Code chapter 791 (the "Interlocal Cooperation Act");
(2) 
Contracts for the use of town-owned facilities;
(3) 
An individual contract change order for an amount of ten thousand dollars ($10,000.00) or less or multiple contract change orders with a cumulative total of twenty-five thousand dollars ($25,000.00) or less;
(4) 
Settlement agreements after approval by town council;
(5) 
Contracts for purchases made pursuant to the emergency management policy and procedure for the town in effect at the time of the purchase; and
(6) 
Contracts for which the town council has otherwise expressly provided authorization for execution by the town manager.
(Ordinance 2011-22 adopted 6/6/11; Ordinance 2016-18 adopted 5/10/16; Ordinance 2017-09 adopted 4/11/17; Ordinance 2024-19 adopted 9/9/2024)
(a) 
Submission.
The town manager shall submit to the council a proposed budget and accompanying message in accordance with the town charter or as required by state law. The council shall review the proposed budget and revise it as deemed appropriate prior to general circulation for public hearing (charter section 9.04).
(b) 
Public hearing on budget.
The council shall hold a public hearing on the budget and shall provide adequate public notice of such hearing, including publication of notice as required by state law.
(c) 
Truth in taxation.
Budget development procedures shall be in conformance with the state law outlined in the truth in taxation process. In the event of a tax increase, notices shall be provided and required hearing(s) held in conformance to this state law.
(d) 
Adoption.
The council, by majority vote, shall adopt the budget by ordinance no later than the 30th day of September. Adoption of the budget shall constitute appropriations of the amount specified as expenditures from the fund indicated. If the council fails to adopt a budget by the beginning of the fiscal year, the budget currently in place for the preceding year shall remain in place on a month-to-month basis until such time as a new budget has been adopted.
(e) 
Amendment.
The council, by ordinance, may make supplemental appropriations for the year. To address a public emergency affecting life, health, property, or the public peace, the council may also make emergency appropriations. Such appropriations may be made by emergency ordinance. The level of budgetary control for amendments shall be, at a minimum, made on a fund level.
(f) 
Transfers.
At any time during or before the fiscal year, the council may, by resolution, transfer part or all of the unencumbered appropriation balance from one department, fund, service, strategy or organizational unit to the appropriation for other departments or organizational units or a new appropriation. The town manager may transfer funds among programs within a department, fund, service, strategy, or organizational unit and shall report such transfers to the council in writing in a timely manner.
(g) 
Reduction of appropriations.
If at any time during the fiscal year it appears probable to the town manager that the revenues or fund balances available will be insufficient to finance the expenditures for which appropriations have been authorized, the town manager shall report to the council without delay, indicating the estimated amount of the deficit, any remedial action taken by the town manager and recommendations as to any other steps to be taken. The council shall then take such further action as it deems necessary to prevent or reduce any deficit and for that purpose it may by ordinance reduce or eliminate one or more appropriations.
(h) 
Public records.
The budget, budget message, and all supporting schedules shall be in a public record in the office of the town secretary and shall be public records available to the public for inspection upon request.
(i) 
Balanced budget required.
The town shall develop balanced budgets in which current resources (current revenues plus fund balance) shall equal or exceed current expenditures.
(j) 
Funding of current expenditures with current revenues.
The budget will assure that current expenditures are funded with current revenues. Current operating expenses will not be capitalized or funded through the use of long-term debt.
(Ordinance 2015-25 adopted 9/8/15)
(a) 
Revenue goal.
The town shall attempt to maintain a diversified and stable revenue stream to shelter it from short-run fluctuations in any one revenue source.
(b) 
Development of revenue projection.
The town shall estimate its annual revenues using an objective analytical process. Each year, the town shall project revenues for the budget year and two (2) subsequent years; and these projections shall be updated annually. Each existing and potential revenue source shall be examined annually.
(c) 
Fund balance policy.
The town has adopted a policy setting guidelines for fund balance to provide for the financial stability of the town in accordance with Governmental Accounting Standards Board Statement No. 54, and shall update that policy as necessary. Unassigned fund balance is an important measure of economic stability; therefore, the town shall maintain adequate levels of unassigned fund balance to mitigate financial risk that can occur from unforeseen revenue fluctuations, unanticipated expenditures, and similar circumstances. The fund balance shall also be maintained to provide cash flow liquidity for the town’s general operations.
(Ordinance 2015-25 adopted 9/8/15)
At the first meeting in June of each year, the town council shall take action to designate three (3) of its members to serve on a council subcommittee formed for the purpose of providing fiduciary oversight of the budget, as well as providing input regarding the administration of the budget and the budget process. The subcommittee shall meet with town staff and shall provide updates to the full council as the budget is developed.
(Ordinance 2015-25 adopted 9/8/15)