Ord 08-34
Ord 08-34
CITY COMMISSION AGENDA 2
- Meeting Date:
- 07/16/2008
- Title:
- Budget Amendment for construction of Sanders/Vincent Community Center
- Submitted For:
- Laura Boyd
- Submitted By:
- Susan Sensat, Administration
- Department:
- Finance
ACTION REQUEST (Brief Summary)
Consider approval of Ordinance No. 08-34, request to amend the City of Texas City's fiscal year 2007/2008 budget to fund the Sanders/Vincent Community Center project from the General Fund.
BACKGROUND
A budget amendment is needed to fund the construction of the Sanders/Vincent Community Center. The Texas City Economic Development Corporation approved funding $500,000.00 of the project. The remaining $3,500,000.00 of the project will be coming out of the City's General Fund.
ANALYSIS
General Fund (101) - Public Works (301):
101-301-55010-Sanders/Vincent Project $3,500,000.00
101-000-79999 Undesignated Budget Balance ($3,500,000.00)
101-301-55010-Sanders/Vincent Project $3,500,000.00
101-000-79999 Undesignated Budget Balance ($3,500,000.00)