(8)(b)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 03/01/2023
- Title:
- Amend fiscal year 2022-2023 budget
- Submitted For:
- Laura Boyd
- Submitted By:
- Laura Boyd, Finance
- Department:
- Finance
Information
ACTION REQUEST
Request City Commission approval to amend the 2022-2023 Fiscal Year Budget to account for bridge replacement grant from Texas Department of Transportation.
BACKGROUND (Brief Summary)
City Commission approved, via Resolution No. 2022-121 at their November 16, 2022, meeting, an advanced funding agreement with Texas Department of Transportation. Total project cost for bridge replacement at 8th Avenue (Dike Rd.) at Unnamed Lagoon is $580,800. The City's total participation amount is $58,080.
The City's portion of this project will be accounted for in the Texas City Dike Fund and will be funded from the Dike Fund's unassigned fund balance.
The City's portion of this project will be accounted for in the Texas City Dike Fund and will be funded from the Dike Fund's unassigned fund balance.
RECOMMENDATION
Recommend approval of the budget amendment to track City expenses related to this grant.
Texas City Dike Fund (Fund 279); Public Works (Dept. 301):
Park Improvements-bridge replacement-city portion $58,080.00
Unassigned Fund Balance ($58,080.00)
Texas City Dike Fund (Fund 279); Public Works (Dept. 301):
Park Improvements-bridge replacement-city portion $58,080.00
Unassigned Fund Balance ($58,080.00)