HomeMy WebLinkAboutOrdinance No. 20-001 amending the FY2019 Executive Department budgetORDINANCE NO.20-001
AN ORDINANCE OF THE CITY OF UNIVERSITY PARK,TEXAS,AMENDING THE
2018-2019 FISCAL YEAR BUDGET,ORDINANCE NO.18-033,TO APPROPRIATE
$691,322.86 FROM THE GENERAL FUND UNASSIGNED FUND BALANCE BY
INCREASING EXPENDITURES $691,322.86,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.18-033 by appropriating funds totaling $691,322.86 from the
unassigned fund balance of the General Fund into specific accounts;
NOW,THEREFORE,BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF UNIVERSITY PARK,TEXAS:
SECTION 1.That Ordinance No.18-033 be,and the same is hereby,amended to
appropriate unassigned fund balance of $691,322.86 from the General Fund by increasing
expenditures $691,322.86 in the specific account listed on Exhibit "A"attached hereto and made
part hereof for all purposes,and that such expenditures are hereby authorized and made a part of
the 2018-2019 fiscal year budget of the 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 21 st
day of January 2020.
APPROVED:
&tA"
OLIN B.LANE,MAYOR
\y;ROVEDAST~M~
ATTEST:
CITY ATTORNEY CHRISTINE GREEN,CITY SECRETARY
Exhibit "A"
City of University Park
Expenditures in Excess of FY2019 Budget
As of September 30, 2019
Date Payee Project Description Amount From Fund/Acct
9/3/2019 Chicago Title of Texas Property Purchase Purchase of 4236 Lovers Lane 691,322.86 01-02-7221