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HomeMy WebLinkAboutPO 6965: FY20-21 BUDGET AMENDMENT NUMBER 3 II/ City of ort rthu�— Ti,ras www.PortArthurTx.gov INTEROFFICE MEMORANDUM Date: May 18. 2021 To: The Honorable Mayor and City Council Through: Ron Burton, City Manager From: Kandy Daniel, Interim Finance Director RE: P.O. 6965 —FY20-21 Budget Amendment Number 3 Introduction: A Budget amendment is requested to increase the appropriation in the Capital Budget. $1,388,100 in additional funds are needed to complete the EDC Press Building project. Background: The FY 20-21 budget was approved on September 15, 2020. This is the third amendment requested for this budget year. Budget Impact: The above request will increase the appropriation in the Capital Budget by $2,173,100. Sufficient funds will be transferred from EDC to cover the overage per attached. Recommendation: The attached Proposed Ordinance No.6965 amends the budget increase the appropriation in the Capital Improvement Budget 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. 6965 KD 5/18/21 ORDINANCE NO. AN APPROPRIATION ORDINANCE AMENDING THE CITY OF PORT ARTHUR BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1,2020 AND ENDING SEPTEMBER 30, 2021 BY$2,173,100 FOR THE CAPITAL BUDGET. 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 15 2020, the City Council approved and adopted Ordinance 20-82 which appropriated the 2020-2021 budget; and WHEREAS, on March 30, 2021, the City Council approved and adopted Ordinance 21-27 which amended Ordinance 20-82; and WHEREAS, on April 27, 2021, the City Council approved and adopted Ordinance 21-31 which amended Ordinance 21-27; NOW THEREFORE, 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(decreased) as shown: Capital Budget $ 2,173,100 Section 3. That Section 14 of Ordinance 20-82 is amended to read: That there be and is hereby appropriated the sum of One Hundred Thirty Three Million, Four Hundred Eighty Nine Thousand,Nine Hundred Sixty Seven Dollars($133,489,967)to the Capital Budget for the payment of improvements to City infrastructure, roads and other capital outlay. Section 4. That a copy of the caption of this Ordinance be spread upon the minutes of the City Council. Section 5. That this Ordinance shall be effective immediately. READ, ADOPTED, AND APPROVED, this day of June, 2021, AD, at a Regular Meeting of the City Council of the City of Port Arthur, Texas by the following vote: Ayes: Mayor Councilmembers: NOES: Thurman"Bill" Bartie, Mayor ATTEST: Sherri Bellard, City Secretary APPROVED AS TO FORM: Valecia Tizeno, City Attorney APPROVED FOR ADMINISTRATION: Ron Burton, City Manager Kandy Daniel, Interim Director of Finance