HomeMy WebLinkAboutOrdinance No. 18-041 amending the FY18 budget to provide for a transfer of one-time revenues from the General Fund to the General Governmental Capital Projects FundORDINANCE NO. 18-041
AN ORDINANCE OF THE CITY OF UNIVERSITY PARK, TEXAS,
AMENDING THE 2017-2018 FISCAL YEAR BUDGET, ORDINANCE NO. 1 7-0 3 0,
TO TRANSFER FUNDS FROM THE FISCAL YEAR 2018 GENERAL FUND (FUND
01) INTO 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. 17-030 to transfer funds received by the General
Fund during fiscal year 2018 to the General Governmental Capital Project funds;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF UNIVERSITY PARK, TEXAS:
SECTION 1. That Ordinance No. 17-030, the 2017-2018 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 $2,489,809.05 to Fund 44, to be used for future capital
projects as deemed necessary. That Ordinance No. 17-030 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 capital project fund.
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 20th
day of November, 2018.
APPROVED:
OLIN
-
OLIN B. LANE, MAYOR
PROVED AS T FO ATTEST:
CITY ATTORNEY CHRISTINE GREEN, CITY SECRETARY