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HomeMy WebLinkAboutPO 7409: FY25-26 BUDGET AMENDMENT NO. 07 11 Cal of ort CI�►tl� � www.PortArthurTx.gov INTEROFFICE MEMORANDUM Date: 4/7/2026 To: The Honorable Mayor and City Council Through: Ronald Burton, CPM, City Manager From: Lynda"Lyn" Boswell, M.A., CGFO, Finance Director RE: P.O. 7409—FY25-26 Budget Amendment No. 07 Introduction: A budget amendment is requested to increase appropriations in the Texas Water Board Fund (TWDB) 404 and upon request from the Economic Development Corporation (EDC) (120). Background: The City of Port Arthur received a loan for $16,415,000 from TWDB and new expenditures since passage of the 4B ballot measure. Budget Impact: Increased appropriations in the TWDB Fund (404) by $16,415,000 by use of newly acquired Certificates of Obligation and Principal Forgiveness from TWDB and in the EDC Fund (120) by $5,326,412. Recommendation: It is recommended that the City Council approve Proposed Ordinance 7409 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 - - r Memo To: Mayor and Members of the City Council From: Krystle Muller, Interim CEO, PAEDC cc: City Manager; Finance Director; City Attorney Date: April 24, 2026 Re: Budget Amendment Request—$5,326,412.00 (PAEDC) Mayor and City Council Members of the City of Port Arthur: The Port Arthur Economic Development Corporation (the"PAEDC") is requesting Council's consideration and approval of a budget amendment in the amount of $5,326,412.00. The purpose of this amendment is to provide$3,300,000.00 to support 4B initiatives per Ordinance No.25-47,with the remaining $2,026,412.00 allocated to support 4A initiatives. Funding source and impact:The requested amendment will be funded from the PAEDC's fund balance. Requested action: Approve an ordinance amending the PAEDC budget by $5,326,412.00 funded by PAEDC fund balance. Account numbers: • 4B Development: 120-80-625-5473-00-00-000 (3,300,000.00) • 4A Development: 120-80-625-5478-00-00-000 (2,026,412.00) If you have any questions or would like additional detail prior to the meeting, please contact me via phone or email. Supporting documentation is attached for your review. Respectfully submitted, K tie Muller, Interim CEO, Port Arthur Economic Development Corporation P. O. 7409 04/07/2026 LYN Page 1 of 4 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 TEXAS WATER DEVELOPMENT BOARD FUND (404) BY $16,415,000 AND AMENDING THE ECONOMIC DEVELOPMENT CORPORATION FUND (120) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2025 AND ENDING SEPTEMBER 30,2026 BY$5,613,412. 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 2025-2026 budget; and WHEREAS,on November 18, 2025, the City Council approved and adopted Ordinance 25-69, which amended the appropriated 2025-2026 budget; and WHEREAS, on December 2, 2025,the City Council approved and adopted Ordinance 25-70, which amended the appropriated 2025-2026 budget; and WHEREAS,on December 16, 2025, the City Council approved and adopted Ordinance 25-77, which amended the appropriated 2025-2026 budget; and WHEREAS, on January 27, 2026, the City Council approved and adopted Ordinance 26-02, which amended the appropriated 2025-2026 budget; and WHEREAS,on February 24, 2026,the City Council approved and adopted Ordinance 26-08, which amended the appropriated 2025-2026 budget; and P. O. 7409 04/07/2026 LYN Page 2 of 4 WHEREAS, on September 23, 2025, the City Council approved and adopted Ordinance 25-58, which appropriated the 2025-2026 budget; and WHEREAS,the City was awarded a loan from the Texas Water Development Board; and WHEREAS,the Port Arthur Economic Development Corporation Board approved to amend the budget appropriation; and WHEREAS,Exhibit"A" shows the fund changes and subsequent revised budget appropriation. 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 Texas Water Development Board 404 $16,415,000 Fund Economic Development 120 $5,326,412 Corporation Fund Section 3. That Section 4 of Ordinance 25-57 is amended to read: That there be and is hereby appropriated the sum of Forty-Eight Million Two Hundred Twenty- One Thousand One Hundred Twenty-Two Dollars($48,221,122)for the Texas Water Development Board Fund (404) Amended Amended Revised Original Budget Budget 4 Budget 7 Budget Appropriation TWDB 27,000,000 4,806,122 16,415,000 48,221,122 Section 4. That Section 4 of Ordinance 25-58 is amended to read: That there be and is hereby appropriated the sum of Thirteen Million One Hundred Fifty-One Thousand Four Hundred Ten Dollars ($13,151,410) for the Economic Development Corporation Fund (120). P. O. 7409 04/07/2026 LYN Page 3 of 4 Amendment Revised Original Budget Budget 1 Budget Appropriation EDC 7,824,998 5,326,412 13,151,410 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 , 2026, AD at a Regular Meeting of the City Council of the City of Port Arthur, Texas by the following vote: Ayes: Mayor Councilmembers: NOES: P. O. 7409 04/07/2026 LYN Page 3 of 3 Charlotte M. Moses Mayor ATTEST: Sherri Bellard, TMRC City Secretary APPROVED AS TO FORM: Roxann Pais Cotroneo, City Attorney APPROV OR ADMINISTRATION: Ronald B n, CPM City M ager (.. ////) ---' ( / , Lyn "L "Boswell, .A., ICI -CM Director of Finance Exhibit "A" a, U C CO co s CO CO u 0 a) C on U U, m1g oE 2 > 3 • o -c U 'd C C to U U U a1 co • O C a 0.0 C C 0 • .Y m O U U Q fl oo La C 3 _ CO CO ° v Z CO 4n °n Z 0 C a C LL O N w a) (a L11 lD W e-I N C M c lD LP Y C 0 C� C C 0 co c O O Q- CC 0 U aJ a) Q 3 O a LL aJ O > aJ a1 > 0 a1 � _u f0 N U (p Q a), � W LID ri N a) \ N fC0 a ✓ n m C ce .yo L.) :O W U 0 f< a 1 a \w o - ■ � �■ ac 'c :�1— . E:7:� g 04, _. . CD °o 2 ",.: : a \ t .7 J =.--, / \N ta t.'C. 2 ° 2 = CC ? 7 o: � o: � CI CS ?� U O k1N' � � I CO c �U iE-1 , 5