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Ordinance 2024-610
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Ordinance 2024-610
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Last modified
4/22/2024 2:44:18 PM
Creation date
3/28/2024 12:27:28 PM
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CityClerk-Ordinances
Ordinance Number
2024-610
Date (mm/dd/yyyy)
03/21/2024
Description
Budget Amend No. BA2324-01 for FY23-24
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Capital Projects fund with the remaining $500k in the Stormwater capital fund <br />being carried over. This is different from Purchase Order carryovers mentioned <br />above in that these are funds allocated to a project but not yet encumbered. <br />4. Other adjustments may be made to account for anticipated needs due to new <br />priorities, unforeseen circumstances, or other requirements. Other adjustments <br />include an increase of $3M to transfers in/out to fund capital projects <br />encumbrances' and $119k to transfer interest earnings from the ARPA fund to <br />the General Fund, an increase of $95k for Navarro property taxes, and an <br />increase of $65k for a gym curtain divider at PCP and shade cover replacements <br />at Heritage Park, Town Center Park, and Gateway Park. <br />Item 7A — Budget Amendment — Building Fund <br />Building Fund fund balance is a restricted fund. The increase to this fund in this budget <br />amendment is to add the amount of greater than anticipated permit fees of $1.9M and <br />the unspent expenditures of $260,000 for a total increase in Fund Balance for the <br />Building Department of $2.2M. Please refer to exhibit A and B below for details. <br />Page 4 of 7 38 <br />
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