Ord 14-03
Ord 14-03
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 07/21/2021
- Title:
- Consider approval of a request to amend the City of Texas City’s fiscal year 2020-2021 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 2020-2021 budget.
BACKGROUND
This budget amendment is required to fund an agreement between the City and Joiner Architects for the design and development of public safety facilities at Lago Mar. See Resolution No. 21-049.
The funding will come from the General Fund's unassigned fund balance as a transfer to the Construction Fund in the amount of $563,500.00.
The funding will come from the General Fund's unassigned fund balance as a transfer to the Construction Fund in the amount of $563,500.00.
ANALYSIS
Budget amendment is as follows:
General Fund (Fund 101):
Transfer to Construction Fund $563,500.00
Unassigned Fund Balance ($563,500.00)
Construction Fund (Fund 401)-Fire Dept.(Dept. 202):
Land & Building Improvements $563,500.00
Transfer from General Fund ($563,500.00)
General Fund (Fund 101):
Transfer to Construction Fund $563,500.00
Unassigned Fund Balance ($563,500.00)
Construction Fund (Fund 401)-Fire Dept.(Dept. 202):
Land & Building Improvements $563,500.00
Transfer from General Fund ($563,500.00)