MDD Resolution No. 326RESOLUTION NO. 326
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT MAKING A CHANGE IN THE
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT'S FISCAL YEAR
2017-2018 BUDGET IN ORDER TO REPROGRAM FUNDS TO PROVIDE
ADDITIONAL FUNDING FOR THE EVERGREEN CLUBHOUSE
RENOVATION PROJECT; MAKING OTHER PROVISIONS RELATED
THERETO; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF.
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BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT:
Section 1: That the Board of Directors of the Baytown Municipal Development
District hereby makes changes in the Baytown Municipal Development District's Fiscal Year
2017-2018 Budget to reprogram funds to provide additional funding for the Evergreen
Clubhouse Renovation Project, as more particularly described in Exhibit "A," which is attached
hereto and incorporated herein for all intents and purposes.
Section 2: This resolution shall take effect immediately from and after its passage by
the Board of Directors of the Baytown Municipal Development District.
INTRODUCED, READ and PASSED by the affirm
of the Baytown Municipal Development District, this the 1"
S
APPROVED AS TO FORM:
0.
ACIO RAMIREZ, SR. eneral Counsel
ote of the Board of Directors
February, 2018.
1l cob MIUegal\Karen Files .City Council\Municipal Development District Resolutions\2018Vanuary\RepmgmmmingFunds4MDD doc
FISCAL YEAR
FUND
DIVISION
CONTROL NUMBER
TRANSFER FROM:
"EXHIBIT A"
BUDGET APPROPRL TION TRANSFER
10/1/17 thru 9/30/18 DATE: 2/1/2018 Period 5
215 -MUNICIPAL DEV. DIST. FUND
21505 Include in End of Year Budget Amendment e
Transfers Out - Journal Entry
DIVISION
ACCOUNT
ACCOUNT
NUMBER
NUMBER
NAME
CURRENT ADJUSTED
BUDGET AVAILABLE I TRANSFER BUDGET
AMOUNT BALANCEJ AMOUNT AMOUNT
21510 99001 Contingencies 561,400.00 561,400.00 (150,000.00) 411,400.00
TRANSFER TO:
21505 85001 Construction 1,071,500.00 508,259.82 150,000.00 1,221,500.00
EXPLANATION:
NOTE: ALL Budget Transfers must provide the following explanations.
1. Explain why there will be savings in the account transferring "From."
2. Explain the reason for the transfer.
Will fund an additional $150,000 for Evergreen Park Clubhouse Renovations.
Requested y: Date Director of Finance Date
Audited By: Date City Manager Deputy City Manager Asst. City Manager Date
(If applicable)
Entered y: Date