Ord 09-21
Ord 09-21
CITY COMMISSION AGENDA 2
- Meeting Date:
- 05/06/2009
- Title:
- Consider budget amendment for the Amburn Road Project.
- Submitted For:
- Cheryl Hunter
- Submitted By:
- Cheryl Hunter, Finance
- Department:
- Finance
ACTION REQUEST (Brief Summary)
Consider approval of a request to amend the City of Texas City’s fiscal year 2008/2009 budget.
BACKGROUND
A budget amendment is needed to finance the construction of the Amburn Road Improvements project, up to a maximum expenditure of $3,620,000, as outlined in the inter-local agreement between the City and Galveston County. As stated in the inter-local agreement, the City will fund all Right-of-Ways (ROW) that may be required for a estimated cost of $160,000.
ANALYSIS
The budget amendment is as follows:
Construction Fund-Galveston County Bond Projects Fund (407):
407-070-55250-09007-Amburn Road Improvements $3,620,000
407-070-55720-Procurement of Property $ 160,000
407-000-44010-Galveston County Project Revenue <$3,620,000>
407-000-49001-Transfer from General Fund <$ 160,000>
General Fund (101):
101-000-59033-Transfer to Galveston County Project Fund $160,000
101-000-79999-Undesignated Budget Balance <$160,000>
Construction Fund-Galveston County Bond Projects Fund (407):
407-070-55250-09007-Amburn Road Improvements $3,620,000
407-070-55720-Procurement of Property $ 160,000
407-000-44010-Galveston County Project Revenue <$3,620,000>
407-000-49001-Transfer from General Fund <$ 160,000>
General Fund (101):
101-000-59033-Transfer to Galveston County Project Fund $160,000
101-000-79999-Undesignated Budget Balance <$160,000>