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:
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CHRISTINE GREEN,CITY SECRETARY