Item Coversheet


CITY OF KYLE, TEXAS

Budget Amendment No. 4 for FY 2015-16: Total $104,400.00

Meeting Date: 6/21/2016
Date time:7:00 PM

Subject/Recommendation:
(First Reading)  Approve an Ordinance amending the City's Approved Budget for Fiscal Year 2015-16 by increasing total appropriations for expenditures by $104,400.00; General Fund by $77,400.00 and the Hotel Occupancy Tax Fund by $27,000.00 and decreasing fund balance by the same amounts in the respective City Funds.  ~ Perwez A. Moheet, CPA, Director of Finance 

Other Information:

This Budget Amendment No. 4 for Fiscal Year 2015-16 totaling $104,400.00 will provide funding for the following items:

 

  • $36,400.00 in the General Fund for consulting contract award to Gateway Planning Group, Inc., authorized by City Council to provide sustainable development initiative in Kyle in partnership with three other entities; Hays County, City of San Marcos, and the Greater San Marcos Partnership. It is anticipated that the three entities may contribute $5,000.00 each to reimburse the City of Kyle for this consulting contract expenditure.

 

  • $41,000.00 in the General Fund for the Kyle Field Day Special Event scheduled in September 2016 to cover various program expenditures planned in Fiscal Year 2015-16.  It is estimated that up to $32,500.00 may be collected in event revenue from registration fees, vendor sponsorship, and sales.

 

  • $27,000.00 in the Hotel Occupancy Tax Fund for the Kyle Hogwash Special Event scheduled in October 2016 to cover various program expenditures planned in Fiscal Year 2015-16.  It is estimated that up to $23,250.00 may be collected in event revenue from vendor sponsorship, booth registrations, and sales. 

 

The following documents are attached to provide complete information and details:

 

  1. Council approval of agreement with Gateway Planning Group for sustainable development initiative in Kyle.
  2. Copy of agreement with Gateway Planning Group
  3. Cost estimates for special events; Kyle Field Day and Kyle Hogwash
  4. Fiscal Note

Legal Notes:

Budget Information:




ATTACHMENTS:
Description
Ordinance - Budget Amendment No. 4
Council Approval: Gateway Planning Group
Agreement - Gateway Planning Group
Cost Estimates - Special Events
Fiscal Note