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HomeMy WebLinkAboutOrdinance No. 18-002 amending the FY17 Budget - transfer fundsORDINANCE NO. 18-002 AN ORDINANCE OF THE CITY OF UNIVERSITY PARK, TEXAS, AMENDING THE 2016-2017 FISCAL YEAR BUDGET, ORDINANCE NO. 16-020, TO APPROPRIATE $51,957.00 FROM THE GENERAL FUND UNASSIGNED FUND BALANCE AND PROVIDE 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. 16-020 to transfer funds from the unassigned fund balance of the General 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. 16-020, the 2016-2017 fiscal year budget ordinance of the City of University Park, Texas, be, and the same is hereby, amended to appropriate unassigned fund balance of $51 ,957.00 from the general fund by increasing expenditures $51 ,957.00 in account 01-02-3060, the Executive Department Professional Services and Fees account and such expenditures are hereby authorized and made a part of the 2016-2017 fiscal 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 16th day of January, 2018 DAWN MOORE, MAYOR PRO TEMPORE ATTEST: J ~~ CHRISTINE GREEN, CITY SECRETARY