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HomeMy WebLinkAboutPO 7375: FY25-26 BUDGET AMENDMENT NO. 02 City of nrr rtlrrr www.PortArthurTx.gov INTEROFFICE MEMORANDUM Date: 10/27/2025 To: The Honorable Mayor and City Council Through: Ronald Burton, CPM, City Manager From: Lynda"Lyn" Boswell, M.A., ICMA-CM, Finance Director RE: P.O. 7375 —FY25-26 Budget Amendment No. 02 Introduction: A budget amendment is requested to increase appropriations in the EDA Grant Fund (305) due to the construction contract for telecommunication improvement per PR 24604 as a result of using existing Fund Balance and Grant. Background: The FY 25-26 budget was approved on September 23, 2025 by Ordinance No. 25-57. This is the second amendment requested for this budget year. Budget amendment 1 was passed on October 21, 2025 as Ordinance No. 25-65. Budget Impact: Increased appropriations in the EDA Grant Fund (305) by $3,400,000 by using existing fund balance and grant. Recommendation: It is recommended that the City Council approve Proposed Ordinance 7375 to amend the budget as discussed/outlined above. "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. 7375 10/27/2025 EJ Page 1 of 3 ORDINANCE NO. AN APPROPRIATION ORDINANCE AMENDING THE CITY OF PORT ARTHUR BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2025 AND ENDING SEPTEMBER 30, 2026, INCREASING THE EDA GRANT FUND (305)BY$3,400,000 WHEREAS, in accordance with Article XII, Section 2, of the City Charter, the Director of Finance ensures that budget appropriations are not exceeded; and WHEREAS, the City Council may make budget amendments for municipal purposes under Section 102.010 under the Texas Local Government Code; and WHEREAS, on September 23, 2025, the City Council approved and adopted Ordinance 25-57, which appropriated the 2025-2026 budget; and WHEREAS, on October 21, 2025, the City Council approved and adopted Ordinance 25-65, which, amended the appropriated the 2025-2026 budget; and WHEREAS,the usage of the existing Fund Balance and Grant will be allocated to the EDA Grant Fund for the telecommunications improvement in the amount of $3,400,000 which will provide the available funds for the FY 2025-2026 budget for those funds; and WHEREAS, Exhibit"A" shows the fund changes and subsequent revised budget appropriations. NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR,TEXAS: Section 1. That the facts and opinions in the preamble are true and correct. Section 2. That the following Fund's Budget be increased as shown: Fund Description Fund Amount EDA Grant Fund 305 3,400,000 Section 3. That Section 4 of Ordinance 25-57 is amended to read: P. O. 7375 10/27/2025 EJ Page 2 of 3 That there be and is hereby appropriated the sum of Three Million Four Hundred Thousand Dollars ($3,400,000) for EDA Grant Fund. Original Revised Budget Budget Amendment 02 Appropriation EDA Grant Fund 0.00 3,400,000 3,400,000 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 , 2025, AD at a Regular Meeting of the City Council of the City of Port Arthur,Texas by the following vote: Ayes: Mayor Councilmembers: NOES: 0 Charlotte M. Moses Mayor ATTEST: Sherri Bellard, TMRC City Secretary sm, P. O. 7375 10/27/2025 EJ Page3 of 3 APPROVED AS TO FORM: Roxann Pais Cotroneo, City Attorney APPROVED FOR : INISTRATION: Ronald Burton, 1 ' ► City M -7 66 n a"L n" Bosw/64 Y YA., ICM��AaCM Director of Finance Exhibit "A" N 0 A fD CD n N m 0 n N r-� T 70 C n C. O !D d 3 0 C W F 0 D9i 0 O T m C x 3 S 0. v z C 3 0- CuO to m 0 0 3 O T C. (D 0 n 7 rf C f) C C � O 0 to O ^ 1. O w CJ GC71. a. 719 - Y w O. va : O. O N p O x O � 5 Z a w •O a. m O O _ O ? � pO :7 A O .r