Ord 14-03
Ord 14-03
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 05/20/2020
- Title:
- Consider approval of a request to amend the City of Texas City’s fiscal year 2019-20 budget.
- 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 2019-20 budget.
BACKGROUND
Texas City Economic Development Corporation (TCEDC), in their May 13, 2020 meeting, approved funding of underground electrical and street lighting work at Magnolia Avenue.
See attached documentation.
ANALYSIS
Budget Amendment:
Texas City Economic Development Corporation (Fund 801):
Business Incentive Expenses $235,000.00
Unassigned Fund Balance ($235,000.00)
Texas City Economic Development Corporation (Fund 801):
Business Incentive Expenses $235,000.00
Unassigned Fund Balance ($235,000.00)