Ord 09-24
Ord 09-24
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 09/20/2017
- Title:
- Consider budget amendment to establish a Special Revenue Fund to account for Hurricane Harvey related expenditures.
- Submitted For:
- Laura Boyd
- Submitted By:
- Laura Boyd, Finance
- Department:
- Finance
Information
ACTION REQUEST (Brief Summary)
Consider approval of a request to amend the City of Texas City’s fiscal year 2016/2017 budget.
BACKGROUND
A budget amendment is needed to establish a Special Revenue Fund to account for revenues and expenditures related to Hurricane Harvey. 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 Harvey.
ANALYSIS
The budget amendment is as follows:
Hurricane Harvey Fund (280):
Hurricane Harvey Expenditures $1,000,000
FEMA Disaster Relief Grant Revenue-Harvey ($1,000,000)
Hurricane Harvey Fund (280):
Hurricane Harvey Expenditures $1,000,000
FEMA Disaster Relief Grant Revenue-Harvey ($1,000,000)