(7)(a)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 06/15/2016
- Title:
- Consider approval of a request to amend the City of Texas City’s fiscal year 2015-16 budget.
- Submitted For:
- Laura Boyd
- Submitted By:
- Laura Boyd, Finance
- Department:
- Finance
Information
ACTION REQUEST (Brief Summary)
An amendment to the City of Texas City's Fiscal Year 2015-16 Budget is needed to appropriate funds for two equipment storage buildings.
BACKGROUND
A budget amendment is needed to appropriate funds for two equipment storage buildings; one for Recreation and Tourism Department and one to be shared by Public Works Department and Fire Department.
The estimated cost for the Rec. and Tour. building is $70,000 and $120,000 for the Public Works/Fire building. Both estimates include engineering, architectural, and testing fees.
Funds will come from the 2015 Certificates of Obligation which were issued for street and drainage improvements and building improvements.
ANALYSIS
Budget amendment is as follows:
Cert. of Obligation 2015 (fund 411):
Building Improvements $190,000.00
Undesignated Fund Balance ($190,000.00)
Cert. of Obligation 2015 (fund 411):
Building Improvements $190,000.00
Undesignated Fund Balance ($190,000.00)