HomeMy WebLinkAboutOrdinance No. 16-026 Amending FY16 BudgetORDINANCE N0.16/26
AN ORDINANCE OF THE CITY OF UNIVERSITY PARK, TEXAS,
AMENDING THE 2015-2016 FISCAL YEAR BUDGET, ORDINANCE NO. 15/019,
TO TRANSFER FUNDS FROM THE FISCAL YEAR 2016 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 ofthe City ofUniversity Park has determined that it is in
the public interest to amend Ordinance No. 15/019 to transfer funds received by the General
Fund during fiscal year 2016 to 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. 15/019, the 2015-2016 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$700,000.00 to Fund 42, and $143,175.00 to Fund
44, to be used for future capital projects as deemed necessary. That Ordinance No. 15/019 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 15th
day ofNovember, 2016.
APPROVED: ~
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OLIN B. LANE, MAYOR
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CITY ATTORNEY
ATTEST:
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CHRISTINE GREEN, CITY SECRETARY