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CC Resolution No. 2,715RESOLUTION NO.2,715 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, AUTHORIZING VARIOUS TRANSFERS OF UNENCUMBERED APPROPRIATION BALANCES OR PORTIONS THEREOF FROM ONE OFFICE, DEPARTMENT OR AGENCY TO ANOTHER; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. ************************************************************************************* WHEREAS, in accordance with Section 68 of the City Charter, "[a]t the request of the city manager, the council may by resolution transfer any unencumbered appropriation balance or portion thereof from one office, department or agency to another"; and WHEREAS, the City Manager has timely made such a request; and WHEREAS, the City Council believes that for municipal purposes, it is in the best interest of the City of Baytown to authorize the transfers as requested by the City Manager; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That the City Council hereby finds that all matters and facts set forth in the recitals above are found to be true and correct. Section 2: That for the Fiscal Year 2019-2020 Budget, the City Council of the City of Baytown, Texas, hereby authorizes the transfers detailed in Exhibit "A," which is attached hereto and incorporated herein for all intents and purposes. Section 3: This resolution 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 Cit Council o e City of Baytown this the 25" day of March, 2021. BRANDON CAPETILLO, Mayor APPROVED AS TO FORM: KAR L. HORNER, City Attorney R:\Karen\Files City CounciftResolutions\2020Narch 12 InterfundTransfers.doc rw�e 'I I 00 :o s ice, �IN•rp, ocoeaeOs� s Exhibit "A" FISCAL YEAR FUND ORG/DIVISION BUDGET APPROPRIATION TRANSFER 10/1/2019 thru 9;3012020 101 & 401 DATE: 9/30/2020 Period 13 Include in End of Year Budget Amendment X8 Transfers Out - Journal Entry Control Number CURRENT ADJUSTED DIVISION ACCOUNT ACCOUNT BUDGET AVAILABLE I TRANSFER BUDGET NUMBER NUMBER NAME I BALANCE AMOUNT AMOUNT 11910 71013 Term/AccrualPay 747,237.00 747,237.00 (331,181.64) 11910 99002 Unforeseen/New Initiative 250,000.00 250,000.00 (250,000.00) 11910 74021 Special Services 1,211,250.00 407,796.08 (407,796.08) 20230 71002 Regular Wages 12,792,497.95 2,436,667.92 (904,528.00) 80010 89001 Bond Principal 14,802,457.00 4,102,264.57 (4,102,264.57) 80010 89002 Other Debt Payments 830,000.00 170,000.00 (170,000.00) 80010 89011 Interest on Bonds 6,677,056.00 2,171,358.06 (2,171,358.06) 80010 89021 Fiscal Agent Fees 8,000.00 2,500.00 (2,500.00) TRANSFER TO, 20000 71002 Regular Wages 16,117,655.03 (781,699.33) 110,616.00 20310 71002 Regular Wages 1,259,306.12 (106,945.94) 174,712.00 30210 74002 Electric Service 80,000.00 (300,788.20) 340,826.00 11910 86011 Capital Lease Payment - (344,742.18) 344,742.18 11910 75086 Interest Expense (18,081.54) 18,081.54 20230 91351 To Capital Improvement (552,000.00) 904,496.00 20410 72001 Oflice Supplies (31.59) 32.00 80010 89026 Issuance Cost 150,000.00 (32,136.78) 32,136.78 80010 89031 Advanced Refunding Escrow (10,775,490.11) 6,413,985.85 80010 89031 Advanced Refunding Escrow 6,413,985.85 (4,361,494.26) 4,361,494.26 80010 89001 Bond Principal 10,700,192.43 (692,561.00) 692,561.00 80010 89011 Interest on Bonds 4,505,697.94 (106,719.00) 106,719.00 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 of the transfer. To provide coverage for general fund departments and debt service fund. 416,055.36 803,453.92 11,887,969.95 10,700,192.43 660,000.00 4,505,697.94 5,500.00 16,228,271.03 420,826.00 344,742.18 18,081.54 904,496.00 32.00 182,136.78 6,413,985.85 10,775,480.11 Amendment 11,392,753.43 Amendment 4,612,416.94 Amendment Requested By: Date D rector o nance Date Audited y: Date City tanager Deputy City anagerAsst. City Manager Di Date (If applicable) Entered y: Date