Item Coversheet


CITY OF KYLE, TEXAS

Budget Amendment No. 1 for FY 2023 to Provide Additional Funding for Public Safety Center Project

Meeting Date: 12/6/2022
Date time:
7:00 PM

Subject/Recommendation:

(First Reading) Approve an Ordinance amending the City's approved budget for Fiscal Year 2022-2023 by appropriating $677,002.00 in additional funds from the City's General Fund and increasing the amount of total expenditures to complete the Public Safety Center project. ~ Perwez A. Moheet, CPA, Director of Finance

Other Information:

This budget amendment totaling $677,002.00 to the City's approved budget for Fiscal Year 2022-2023 will increase the total amount of appropriations for expenditures in the 2022 General Obligation Bond Fund by the same amount for the City's Public Safety Center capital improvements project.

 

This budget amendment, if approved by the City Council, will authorize the Director of Finance to make the following amendments to the approved budget for Fiscal Year 2022-2023:

 

  1. Increase the total appropriations for expenditures authorized for the Public Safety Center capital improvements project in Fund 1951 by $677,002.00 from $37,000,000.00 to $37,677,002.00 for the project.
  2. Transfer-in $677,002.00 in General Fund cash proceeds from Fund 1952 (2022 Road Bond Fund) that was planned for reimbursement to the General Fund with bond proceeds.  

 

The following documents are attached to support Budget Amendment No. 1 for Fiscal Year 2022-2023:

 

  • Ordinance for budget amendment.
  • List of expenditure items with estimated amounts which are pending and require additional funding to complete the project.

Legal Notes:


Budget Information:





ATTACHMENTS:
Description
Pending Expenditure Items for Public Safety Center Project Requiring Additional Funding
Ordinance - Budget Amendment #1 for FY 2022-2023