Ordinance No. 7,445951024 -4
ORDINANCE NO. 7445
AN ORDINANCE AMENDING THE BUDGET OF THE CITY OF BAYTOWN
® FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1994, AND ENDING
SEPTEMBER 30, 1995, FOR REVENUES AND EXPENSES RELATED TO
THE ANNEXATION OF HARRIS COUNTY M.U.D. #3; AND PROVIDING
FOR THE EFFECTIVE DATE THEREOF.
WHEREAS, on December 13, 1994, the City of Baytown annexed
Harris County M.U.D. #3; and
WHEREAS, the City assumed the outstanding debt for Harris
County M.U.D. #3, which requires amending the budget for payment of
the debt; NOW THEREFORE
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS:
Section 1: That the budget of the City of Baytown for the
fiscal year October 1, 1994, to September 30, 1995, as adopted by
Ordinance #7094, is hereby amended as follows:
SEE ATTACHED EXHIBIT "A"
Section 2: This ordinance shall take effect immediately from
and after its passage by the City Council of the City of Baytown.
INTRODUCED, READ, and PASSED by the affirmative vote of the
City Council of the City of Baytown this the 24th day of October,
1995.
ATTEST:
EILEEN P. HALL, City Clerk
APPROVED AS TO FORM:
Z" c.
PETE C. ALFARO, Mayor
CIO RAMIREZ, SR.,L2ity Attorney
0 legal/ council /october /10- 24- 95amendBUDG ET
i
10
City of Baytown
Budget Amendment Fiscal Year 1994 -95
Debt Service Fund
Current Amended
Description Budget Amendment Budget
Fy 1994 -95 (M.U.D. #3) Fy 1994 -95
Beginning Balance
Taxes - Current
Taxes - Delinquent
Penalty & Interest
Interest on Investments
Revenues from MUD #3
Funds Available for Debt Service
$ 807,942$ - $ 807,942
4,571,082
354,720
4,925,802
90,000
-
90,000
50,000
-
50,000
42,455
53,342
95,797
-
1,160,181
1,160,181
4,753,537
1,568,243
6,321,780
5,561,479
1,568,243
7,129,722
Principal 2,000,000 252,965 2,252,965
Interest 2,924,043 150,000 3,074,043
Other Fees & Expenses 12,000 15,772 27,772
Debt Service Requirements 4,936,043 418,737 5,354,780
Other Uses
Principal on Refunding - 950,000 950,000
Total Appropriations and Uses 4,936,043 1,368,737 6,304,780
Ending Balance $_ 625,436 $ 199,506$ 824,942
EXHIBIT A