(8)(b)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 05/20/2020
- Title:
- Amend 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
A budget amendment is needed to appropriate additional funds for the City's purchase of the building and property at 7800 Emmett F. Lowry Expressway, also known as The Galveston Daily News building.
City personnel from Public Works, Engineering and Planning, and Inspections departments will be moved from their current locations to this building.
City personnel from Public Works, Engineering and Planning, and Inspections departments will be moved from their current locations to this building.
ANALYSIS
Budget amendment:
General Fund (Fund 101):
Procurement of Property $1,500,000.00
Unassigned Fund Balance ($1,500,000.00)
General Fund (Fund 101):
Procurement of Property $1,500,000.00
Unassigned Fund Balance ($1,500,000.00)