HomeMy WebLinkAboutOrdinance No. 20-002 amending the FY19 budget - transfer of one-time revenuesORDINANCE NO.20-002
AN ORDINANCE OF THE CITY OF UNIVERSITY PARK,TEXAS,AMENDING THE
2018-2019 FISCAL YEAR BUDGET,ORDINANCE NO.18-033,TO TRANSFER FUNDS
FROM THE FISCAL YEAR 2019 GENERAL FUND (FUND 01)INTO THE GENERAL
GOVERNMENT AL 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 of University Park has determined that it is in
the public interest to amend Ordinance No.18-033 to transfer funds received by the General
Fund during fiscal year 2019 to the General Governmental Capital Project Fund;
NOW,THEREFORE,BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF UNIVERSITY PARK,TEXAS:
SECTION 1.That Ordinance No.18-033,the 2018-2019 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 $3,446,532.57 to Fund 44,to be used for future capital
projects as deemed necessary.That Ordinance No.18-033 be,and the same is hereby,further
amended so as to give effect to such appropriations and that 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.
DUL Y PASSED by the City Council of the City of University Park,Texas,on the 21st
day of January 2020.
APPROVED:
OLIN B.LANE,MAYOR
APPROVED AS TO FORM:
CITY ATTORN~
ATTEST:
CHRISTINE GREEN,CITY SECRETARY
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