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HomeMy WebLinkAboutOrdinance No. 21-003 FY20 Budget Amendment - Executive Dept.ORDINANCE NO.21-003 AN ORDINANCE OF THE CITY OF UNIVERSITY PARK,TEXAS, AMENDING THE 2019-2020 FISCAL YEAR BUDGET,ORDINANCE NO.19-023,TO APPROPRIATE $650,388.90 FROM THE SMU LAND SALE COMMITTED FUNDS BY INCREASING EXECUTIVE DEPARTMENT EXPENDITURES $650,388.90;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.19-023 to transfer funds from the SMU Land Sale Committed 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.19-023,the 2019-2020 fiscal year budget ordinance of the City of University Park,Texas,be,and the same is hereby,amended to appropriate SMU Land Sale committed fund balance of $650,388.90 from the General Fund by increasing expenditures $650,388.90 in account "01-02-7211 -Other Expense",and such expenditure is hereby authorized and made a part of the 2019-2020 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 16th day of February,2021. APPROVED:;)L_ ~~~:;!J TOMMY STEWART,MAYOR ATTEST: ~~ CHRISTINE GREEN,CITY SECRETARY