HomeMy WebLinkAboutOrdinance 17-040 amending FY2017 Executive Department budgetORDINANCE N0.17-040
AN ORDINANCE OF THE CITY OF UNIVERSITY PARK, TEXAS,
AMENDING THE 2016-2017 FISCAL YEAR BUDGET, ORDINANCE NO. 16-020,
TO TRANSFER FUNDS FROM THE FISCAL YEAR 2017 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 ofUniversity Park has determined that it is in
the public interest to amend Ordinance No. 16-020 to transfer funds received by the General
Fund during fiscal year 2017 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. 16-020, the 2016-2017 fiscal year budget ordinance
of the City ofUniversity Park, Texas, be, and the same is hereby, amended to transfer a General
Fund appropriation in the amount of $791,905.70 to Fund 44, to be used for future capital
projects as deemed necessary. That Ordinance No. 16-020 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 ofthe City ofUniversity Park, Texas, on the 19th
day of December, 2017.
APPROVED: ~
Ilk 91~
OLIN B. LANE, MAYOR
ATTEST:
~~
CHRISTINE GREEN, CITY SECRETARY