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, Ordinance No. 2021-10 and Ordinance No. 2021-29 to adjust the operating and capital budget for actual and projected expenditures (Executive Director of Finance & Project Management)
Staff requests approval on first and final reading.
Background:
The proposed ordinance requests a net increase of $610,000 to the General Fund, an increase of $510,000 to General Fund Debt Service, an increase of $865,095 to the Hazard Mitigation Grant Program (HMGP) Disaster Recovery Fund, increase of $485,119 to establish the FY2021 budget for the CDBG-DR Hurricane Harvey Fund, $204,194 increase to Hotel/Motel Occupancy Tax Fund and $600,000 increase to the Capital Budget.
If approved, the proposed ordinance would amend the City’s FY2021 budget to incorporate proposed adjustments for:
General Fund
Communications ($10,000): Increase of $10,000 to help cover expenses for activities and events in September 2021. The increase of $10,000 is offset by revenue received for sponsorships from Memorial Hermann ($5,000) and Ameriwaste ($5,000) that has been credited to revenue account 0100-43880 Special Event Fees.
Accounting ($27,000): Increase of $27,000 to cover professional service fees related to interim field work performed by external auditors in the month of September 2021. This increase will be offset by salary savings in Police.
Transfer to CIP to Cash Fund Projects ($600,000): Increase of $600,000 to pay for repairs of the school building which include new roof, paint, carpeting, as well as increased parking, furniture and technology. Funding for this item will come from excess General Fund balance and will be transferred to fund 5015 Miscellaneous Capital Project Fund. At the end of FY2021, General Fund expenditures are anticipated to underperform resulting in enough savings ...
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