HomeMy WebLinkAboutOrdinance No. 08/43 Amending the 2007-08 fiscal budgetORDINANCE NO. 08 /43
AN ORDINANCE OF THE CITY OF UNIVERSITY PARK, TEXAS,
AMENDING THE 2007-2008 FISCAL YEAR BUDGET, ORDINANCE NO. 07-32, TO
APPROPRIATE $2,240,105 FROM THE GENERAL FUND UNRESERVED FUND
BALANCE BY INCREASING EXPENDITURES $3,003,405 AND INCREASING
REVENUES BY $763,300; TO APPROPRIATE $1,000,000 FROM THE UTILITY FUND
UNRESERVED FUND BALANCE BY INCREASING EXPENDITURES $1,000,000; TO
TRANSFER MONIES TO THE CAPITAL PROJECTS FUND; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the City Council of the City of University Park has determined that it is in
the public interest to amend Ordinance No. 07-32 to transfer funds from unreserved fund balance
of the general fund and utility fund into specific accounts;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF UNIVERSITY PARK, TEXAS:
SECTION 1. That Ordinance No. 07-32, the 2007-2008 fiscal year budget ordinance of
the City of University Park, Texas, be, and the same is hereby, amended to appropriate
unreserved fund balances of $2,240,105 from the general fund by increasing expenditures
$3,003,405 and revenues by $763,300 in the specific accounts listed on E~chibit "A" attached
hereto and made part hereof for all purposes, and such expenditures are herby authorized and
made a part of the 2007-2008 fiscal year budget of the City.
SECTION 2. That Ordinance No. 07-32, the 2007-2008 fiscal year budget ordinance of
the City of University Park, Texas, be, and the same is hereby, amended to appropriate
unreserved fund balances of $1,000,000 from the utility fund by increasing expenditures
$1,000,000 in the specific accounts listed on Exhibit "A" attached hereto and made part hereof
for all purposes, and such expenditures are herby authorized and made a part of the 2007-2008
fiscal year budget of the City.
SECTION 3. That the following amounts shall be transferred to the Capital Projects
Fund for use in the City Hall renovation project and other capital projects: $2,808,000 from the
general fund, and $1,000,000 ftom the utility fund.
SECTION 4. This ordinance shall take effect immediately from and after its passage,
as the law and Charter in such cases provide.
DULY PASSED by the City Council of the City of University Park, Texas, on the 12th
day of August, 2008.
APPROVED:
~
l
ES H. HO MES, II, MAYO
ATTEST:
~ Y SEC T Y
PROVED AS T ORM:
~ e
~ ~
CITY ATTORNEY
EXHIBIT "A"
CITY OF UNIVERSITY PARK, TEXAS
FY2008 BUDGET AMENDMENT NO. 3
8/12/2008
Amount Dept. Account title Account no. Item description
GENERAL FUND
1. $ 763,300 Revenue General Fund - Other Revenue 01-11-3999 Sale of R-O-W to UPUMC
$ 763,300 Total revenue amendments
1. $ 15,000 Executive Professional Services 01-02-3060 Citizen survey 2008
$ 15,000 Subtotal Executive
2. $ 20,600 Human Res. Professional Services 01-05-3060 Fire chief recruitment
3. $ 5,675 Human Res. Other Expense 01-05-7221 DART annual passes
$ 26,275 Subtotal Human Resources
4. $ 113,130 Info Svcs Microcomputer Equipment 01-05-9201 Council mtg. mgmt. video/computer system
$ 113,130 Subtotai Information Services
5. $ 20,000 Fire Capital Equipment Replacement 01-40-9000 Asst. Fire Marshal vehicle
6. $ 13,000 Fire Firefighting Equipment-Light 01-40-9355 Technical rescue equipment
7. $ 8,000 Fire Auto Repairs 01-40-6190 Refurbish second MICU
$ 41,000 Subtotal Fire
8. $ 2,808,000 Transfers Transfers 01-85-8500 City Hall project and FY08 CIP
$ 2,808,000 Subtotal Transfers
$ 3,003,405 Total expenditure amendments
$(2,240,105) Net increase/(decrease) in General Fund
UTILITY FUND
1$ 1,000,000 Transfers Transfers 02-85-8500 City Hall project
$ 1,000,000 Total expenditure amendment
$(1,000,000) Net increase/(decrease) in Utility Fund