(7)(d)
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. XX-XX, amending the City of Texas City's Fiscal Year 2016-17 Budget to appropriate additional funds for street improvement project. (Finance)
BACKGROUND
A budget amendment is needed to appropriate additional funds for street improvement project. Project requires an additional $225,000.00.
Funds will be transferred from the general fund unassigned fund balance to the construction fund.
ANALYSIS
Budget amendment is as follows:
General Fund (fund 101):
Transfer to construction fund 411 $225,000.00
Unassigned Fund Balance ($225,000.00)
Construction Fund (fund 411):
Construction project expense $225,000.00
Transfer from general fund ($225,000.00)
General Fund (fund 101):
Transfer to construction fund 411 $225,000.00
Unassigned Fund Balance ($225,000.00)
Construction Fund (fund 411):
Construction project expense $225,000.00
Transfer from general fund ($225,000.00)