Ord 09-24
Ord 09-24
CITY COMMISSION AGENDA 2
- Meeting Date:
- 05/06/2009
- Title:
- Consider budget amendment to establish a Special Revenue Fund to account for Hurricane Ike related expenditures.
- Submitted For:
- Cheryl Hunter
- Submitted By:
- Cheryl Hunter, Finance
- Department:
- Finance
ACTION REQUEST (Brief Summary)
Consider approval of a request to amend the City of Texas City’s fiscal year 2008/2009 budget.
BACKGROUND
A budget amendment is needed to establish a Special Revenue Fund to account for revenues and expenditures related to Hurricane Ike. This will allow City staff to better monitor, control and account for expenditures and reimbursements/or amounts due from insurance and FEMA which are related to Hurricane Ike.
ANALYSIS
The budget amendment is as follows:
Hurricane Ike Fund-FEMA Fund (277):
277-301-55730-Hurricane Ike Expenditures $5,000,000
277-000-44013-FEMA Disaster Relief Grant Revenue-Ike <$5,000,000>
Hurricane Ike Fund-FEMA Fund (277):
277-301-55730-Hurricane Ike Expenditures $5,000,000
277-000-44013-FEMA Disaster Relief Grant Revenue-Ike <$5,000,000>