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HomeMy WebLinkAboutOrdinance No. 08/53 Amendment to Budget OrdinanceORDINANCE NO. 08 ~53 AN ORDINANCE OF THE CITY OF UNIVERSITY PARK, TEXAS, AMENDING THE 2007-2008 FISCAL YEAR BUDGET, ORDINANCE NO. 07-32, TO APPROPRIATE $80,000 FROM THE GENERAL FUND UNRESERVED FUND BALANCE BY INCREASING EXPENDITURES $80,000; 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 LTNIVERSITY 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 balance of $80,000 from the general fund by increasing expenditures $80,000 in the specific accounts listed on Exhibit "A" attached hereto and made part hereof for all purposes, and such expenditures are hereby authorized and made a part of the 2007-2008 tiscal year budget of the City. SECTION 2. 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 30th day of September, 2008. APPROVED: III,I~IAYOR ATTEST: ,' ~~ 1 ~ `' ~ ,;~' 4 ~ CITY SECRET Y APPROVED AS TO FORM: r" + /~ +~ I ~ _ .- ~ ~~ N CITY ATTORNEY EXHIBIT "A" CITY OF UNIVERSITY PARK, TEXAS FY2008 BUDGET AMENDMENT NO. 4 9/30/2008 Amount Dept. Account title Account no. Item description GENERAL FUND $ 80,000 Executive Professional Services 01-02-3060 Transmission line case legal fees $ 80,000 Subtotal Executive $ 80,000 Total expenditure amendments $ (80,000) Net increase/(decrease) in General Fund