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2.e.
TCEDC Agenda
Meeting Date:
05/13/2020
Title:
Amend the fiscal year 2019/2020 TCEDC budget
Submitted For:
Laura Boyd
Submitted By:
Laura Boyd, Finance
Department:
Finance

ACTION REQUEST (Brief Summary)

Consider and take action to amend the fiscal year 2019/2020 TCEDC budget to fund underground electrical and street lighting at Magnolia Avenue.

BACKGROUND

See attached documentation and the above explanation for the previous item.

ANALYSIS

Budget Amendment:

Texas City Economic Development Corporation (Fund 801):
Business incentive expenses      $235,000.00
Unassigned Fund Balance         ($235,000.00)

ALTERNATIVES CONSIDERED