HomeMy WebLinkAboutOrdinance No. 18-047 amending the fiscal 2017-2018 budget to provide for a transfer from the General Fund to the Equipment Services FundORDINANCE NO. 18-047
AN ORDINANCE OF THE CITY OF UNIVERSITY PARK, TEXAS, AMENDING
THE 2017-2018 FISCAL YEAR BUDGET, ORDINANCE NO. 17-030, TO TRANSFER
FUNDS FROM THE GENERAL FUND (FUND 01) TO THE EQUIPMENT SERVICES
FUND (FUND 47); 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 Equipment Services Fund;
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 $443,900 to the Equipment Services Fund, to be used for the
purchase of equipment 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 the Equipment Services 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 18th day
of December, 2018.
APPROVED:
OLIN B. LANE, MAYOR
PPROVED AS FO ATTEST:
1*
ROB DILLARD, CITY ATTORNEY CHRISTINE GREEN, CITY SECRETARY