HomeMy WebLinkAboutOrdinance No. 15_022 Amending the FY15 budget to provide for transfer of non-recurring revenues to the Capital Projects fundsORDINANCE NO. 15/022
AN ORDINANCE OF THE CITY OF UNIVERSITY PARK, TEXAS,
AMENDING THE 2014-2015 FISCAL YEAR BUDGET, ORDINANCE NO. 14/022,
TO TRANSFER FUNDS FROM THE FISCAL YEAR 2015 GENERAL FUND
(FUND 01) INTO THE ENTERPRISE CAPITAL PROJECTS FUND (FUND 42) AND
THE GENERAL GOVERNMENTAL CAPITAL PROJECTS FUND (FUND 44) ;
AUTHORIZING THE CITY MANAGER TO EFFECT SUCH TRANSFER; 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. I 4 I 0 2 2 to transfer funds from the fiscal
year 2015 general fund into the capital project funds;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF UNIVERSITY PARK, TEXAS:
SECTION 1. That Ordinance No. 14/022, the 2014-2015 fiscal year budget
ordinance of the City of University Park, Texas, be, and the same is hereby, amended to
transfer a general fund appropriation in the amount of $1,193 ,809.05 to Fund 42, and
$14,020.20 the Fund 44, to be used for future capital projects as deemed necessary. That
Ordinance No. 14/022 be, and the same is hereby, further amended so as to give effect to
such appropriations and the City Manager is directed to transfer such funds from the general
fund to the respective capital project funds.
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 ofthe City ofUniversity Park, Texas, on the
20th day of October, 2015.
APPROVE{;k; e' 9z"
OLIN B. LANE, MAYOR
ATTEST:
CHRISTINE GREEN, CITY SECRETARY