HomeMy WebLinkAboutPO 6711: FY17-18 BUDGET AMENDMENT NUMBER 2 - PLEASURE ISLAND FUND r 4 City of
ort rthu�r
Texas
www.PortArthurTx.gov
INTEROFFICE MEMORANDUM
Date: July 24, 2018
To: The Honorable Mayor and City Council
Through: Harvey Robinson, Interim City Manager
From: Andrew Vasquez, Finance Director
RE: P.O. 6711 - FY17-18 Budget Amendment Number 2—Pleasure Island Fund
Introduction: A budget amendment for $220,000 is needed to cover additional expenditures
in the Pleasure Island Fund for the bulkhead replacement project. $125,000 was originally
budgeted for this project, however bids received on July 18, 2018 totaled $344,755.
Background: The FY 17-18 budget was approved on September 28, 2017. This is the second
budget amendment requested for this budget year.
Budget Impact: The working capital balance in the Pleasure Island Fund will be reduced by
$220,000 to $293,382 at the end of this fiscal year if all other revenues and expenditures come
in as budgeted.
Recommendation: The attached Proposed Ordinance No. 6711 amends the budget to reflect
required payments and we recommend that the City Council approve it as presented.
"Remember,we are here to serve the Citizens of Port Arthur"
P.O.Box 1089 X Port Arthur,Texas 77641-1089 X 409.983.8101 X FAX 409.982.6743
P. O. NO. 6711
KD 7/24/2018
ORDINANCE NO.
AN APPROPRIATION ORDINANCE INCREASING THE CITY
OF PORT ARTHUR BUDGET FOR THE FISCAL YEAR
BEGINNING OCTOBER 1,2017 AND ENDING SEPTEMBER 30,
2018 BY$220,000 FOR THE PLEASURE ISLAND FUND.
WHEREAS, in accordance with Article XII, Section 9, of the City Charter,the City Council may
make emergency appropriations from time to time; and
WHEREAS, the City Council may make budget amendments for emergencies under Section
102.009 and for Municipal purposes under Section 102.010 Local Government Code; and
WHEREAS, on September 28, 2017, the City Council approved and adopted Ordinance 17-39,
which appropriated the 2017-2018 budget.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR:
Section 1. That the facts and opinions in the preamble are true and correct.
Section 2. That the following funds/departments Budget be increased as shown:
Pleasure Island Fund $ 220,000
Section 3. That Section 8 of Ordinance 17-39 is amended to read:
That there be and is hereby appropriated the sum of One Million, Two Hundred Six Thousand,
Seven Hundred Three Dollars ($1,206,703)to the Pleasure Island Fund for the payment of the Operating
Expenses and necessary Capital Outlay for Pleasure Island.
Section 4. The unassigned Working Capital Balance in the Pleasure Island Fund will be
reduced by$220,000 to $293,382 at the end of this fiscal year if all other revenues and expenditures come
in as budgeted.
Section 5. That a copy of the caption of this Ordinance be spread upon the minutes of the City
Council.
Section 6. That this Ordinance shall be effective immediately.
READ, ADOPTED, AND APPROVED, this day of July 2018, AD, at a Regular
Meeting of the City Council of the City of Port Arthur, Texas by the following vote:
Ayes: Mayor
Councilmembers:
NOES:
Derrick Freeman, Mayor
ATTEST:
Sherri Bellard, City Secretary
APPROVED AS TO FORM:
Valecia`Pize z
City Attorney
APPROVED FOR ADMINISTRATION:
Harvey Robinson, Interim City Manager
511_I
Andrew Va quez, Director of Finance