HomeMy WebLinkAboutOrdinance 17-041 amending FY17 budget - transfer of revenue between fundsORDINANCE NO. 17-041
AN ORDINANCE OF THE CITY OF UNIVERSITY PARK, TEXAS, AMENDING
THE 2016-2017 FISCAL YEAR BUDGET, ORDINANCE N0.16-020, TO
APPROPRIATE $39,282.10 FROM THE GENERAL FUND UNASSIGNED FUND
BALANCE AND $3,243,467.95 FROM THE SMU LAND SALE COMMITTED FUNDS
BY INCREASING EXPENDITURES $3,282,750.05; AND PROVIDING AN EFFECTIVE
DATE.
WHEREAS, the City Council ofthe City of University Park has determined that it is in
the public interest to amend Ordinance No. 16-020 to transfer funds from both the unassigned
fund balance and SMU Land Sale Committed fund balance of the General Fund into specific
accounts;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITYOFUNIVERSITYPARK, 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 $39,282.10 and SMU Land Sale committed fund balance of
$3,243,467.95 from the general fund by increasing expenditures $3 ,282,750.05 in the specific
accounts listed on Exhibit "A" attached hereto and made part hereof for all purposes, and
such expenditures are hereby authorized and made a part of the 2016-2017 fiscal year budget
ofthe 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
19th day of December, 2017.
APPROVEtu. e . 9;,
OLIN B. LANE, MAYOR
~tWJ~
CITY ATTORNEY 4
ATTEST:
CHRISTINE GREEN, CITY SECRETARY
City of University Park
Expenditures in Excess of FY2017 Budget
As of September 30, 2017
Date Payee
2/16/2017 Haynes and Boone
2/16/2017 Haynes and Boone
2/23/2017 Haynes and Boone
2/23/2017 Haynes and Boone
3/2/2017 John M. Crider
5/18/2017 Karen S Walz
7/20/2017 Karen S Walz
7/27/2017 John M. Crider
1/24/2017 Benchmark Title
1/24/2017 SPC Chapel Hill LTD
4/21/2017 5PC Hillcrest
5/18/2017 Raymond L. Goodson, JR
Project
FRRF
FRRF
FRRF
FRRF
FRRF
Property Purchase
Property Purchase
FRRF
Property Purchase
Property Purchase
Property Purchase
Property Purchase
Exhibit "A"
Description
Retirement Fund Advice through 11/30/16
Retirement Fund Advice through 12/31/16
Jonuory 2017 Retirement Advice
Credit Adjustment
Preparation af Plan Freeze Study
Snider Plaza Parking Workshop
Results Report-Snider Plaza
Preparation of Actuarial Impact Statement
Earnest Money
Earnest Money
Purchase of 3432/3428/3424 Haynie
UP Addition Survey
TOTAL
Amount
4,869.00
20,000.00
7,000.00
(486.90)
4,935.00
3,017.12
450.00
2,965.00
42,749.22
50,000.00
100.00
3,185, 700.83
4,200.00
TOTAL ____ ~3,~24_0~,000~~·8~3
GRANDTOTAL====~3~,2~8~2,~7~50~.0~5~
Total FRRF Expenditures 39,282.10
Total Property Purchase ____ 3-',_24_3..:..,4_6_7_.9_5_
GRAND TOTAL ===~3.;.;,2;.;8;;;2,~7,;.50~-0~5~
From Fund/ Acct
01-02-3060
01-02-3060
01-02-3060
01-02-3060
01-02-3060
01-02-3060
01-02-3060
01-02-3060
01-02-7221
01-02-7221
01-02-7221
01-02-7221