(8)(a)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 05/20/2020
- Title:
- Amend fiscal year 2019-2020 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's fiscal year 2019-2020 budget to appropriate additional funds for Texas City Economic Development Corporation's business stimulus and retention grant.
BACKGROUND
|
On April 15, 2020, City Commission approved Ordinance No. 20-17, funding $845,000 for the stimulus grant. At their May 13, 2020 meeting, TCEDC board approved an additional $20,200 for this grant. This brings the total grant funding to $865,200. |
|||||
ANALYSIS
Budget Amendment:
Texas City Economic Development Corporation (Fund 801):
Grants $20,200.00
Unassigned Fund Balance ($20,200.00)
Texas City Economic Development Corporation (Fund 801):
Grants $20,200.00
Unassigned Fund Balance ($20,200.00)