Title
Consider and take action on an ordinance amending the City of League City, Texas, Governmental, Proprietary, and Capital Funds Budget for Fiscal Year 2021 by amending Ordinance No. 2020-24 and Ordinance No. 2021-10 to adjust the operating and capital budget for actual and projected expenditures (Director of Budget & Project Management)
Staff requests approval on first and final reading.
Background:
The proposed ordinance requests a net increase of $642,062 to the General Fund, net increase of $5,756,663 to the Utility Fund, net increase of $62,053 to the Public Access Channel Fund, $300 decrease to the Disaster Preparedness Donation Fund and an increase of $500,000 to the Winterstorm URI Fund.
If approved, the proposed ordinance would amend the City’s FY2021 budget to incorporate proposed adjustments for:
General Fund
Transfer to Winter Storm URI ($350,000): $350,000 will be transferred from General Fund to Winter Storm URI to establish initial cash flow for 75% reimbursed expenses and the City’s 25% match. Reimbursement is for funds spent preparing for, responding to, and recovering from the February 2021 winter storm. City Council approved this item on March 9, 2021, agenda item 9C.
Non-Departmental ($21,689): City Council approved the authorization to purchase windstorm and hail insurance for the city’s property on March 23, 2021, agenda item 11A, which consisted of an increase in increase in 2020. The increase will be offset by savings anticipated in Park Recreation.
Facilities Services ($168,960): Facilities Services received insurance reimbursements from Texas Municipal League (TML) Intergovernmental Risk Pool to cover generator damage ($100,000) and water damage ($36,330) due to the water leak at the Blue Building. Another $32,630 was reimbursed by TML to cover repairs due to damages. Facilities paid for the replacements out of their Equipment Repair & Maintenance account and is requesting an increase to their FY2021 operating budget. T...
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