(7)(b)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 03/15/2017
- Title:
- Consider approval of a request to amend the City of Texas City’s fiscal year 2016-17 budget.
- Submitted For:
- Laura Boyd
- Submitted By:
- Laura Boyd, Finance
- Department:
- Finance
Information
ACTION REQUEST (Brief Summary)
Consider and take action on Ordinance No. 17-03, to amend the City of Texas City fiscal year 2016-17 budget to appropriate grant funds for housing rehabilitation/beautification project. (Finance)
BACKGROUND
The City recently received $50,000 from Southeast Texas Housing Finance Corporation. These funds are to be used for housing rehabilitation/beautification expenses in the City of Texas City.
ANALYSIS
Budget amendment is as follows:
General Fund:
Housing Rehabilitation Expenses $50,000.00
SE TX Housing Finance Corp Grant Revenue ($50,000.00)
General Fund:
Housing Rehabilitation Expenses $50,000.00
SE TX Housing Finance Corp Grant Revenue ($50,000.00)