Leon Valley
TX

Ordinance
Ordinance 20-049

Discussion and Possible Action on An Ordinance of The City of Leon Valley, TX, City Council Amending The General Fund Budget of The City of Leon Valley, Texas Municipal Budget For The Fiscal Year 2019-2020 in the Amount of $403,040 to Provide Funding for The Leon Valley General Fund for Contractual Fees, The Purchase of Land, and Unemployment; Providing for Repealer, Severability And Saving Clauses; and Providing For an Effective Date (1st Reading Was Held 09-01-2020)

Information

Department:AdministrationSponsors:
Category:Budget

Item Discussion

PURPOSE

 

The purpose of this proposed ordinance is for the City Council to consider amending the general fund budget of the City of Leon Valley for the Fiscal Year 2019-2020 in the amount of $403,040 to provide funding for the Leon Valley General Fund for Contractual Fees, the Purchase of Land, and Unemployment.

 

SEE LEON VALLEY

 

Social Equity: N/A

 

Economic Development:  N/A

 

Environmental Stewardship: N/A

 

FISCAL IMPACT

 

Funding for the budget adjustment in the amount of $403,040 will come from the General Fund reserve.

 

Document Comments

RECOMMENDATION

 

Staff recommends approval.

 

Body

AN ORDINANCE OF THE CITY OF LEON VALLEY, TX, CITY COUNCIL AMENDING THE GENERAL FUND BUDGET OF THE CITY OF LEON VALLEY, TEXAS MUNICIPAL BUDGET FOR THE FISCAL YEAR 2019-2020 IN THE AMOUNT OF $403,040 TO PROVIDE FUNDING FOR THE LEON VALLEY GENERAL FUND FOR CONTRACTUAL FEES, THE PURCHASE OF LAND, AND UNEMPLOYMENT; PROVIDING FOR REPEALER, SEVERABILITY AND SAVING CLAUSES; AND PROVIDING FOR AN EFFECTIVE DATE

 

WHEREAS, the City of Leon Valley passed their FY 2019-2020 Budget on August 6, 2019; and

 

WHEREAS, City Council approved the budget for the General Fund for FY 2019-2020; and

 

WHEREAS, staff has determined that funding should be added to the FY 2019-2020 General Fund Budget; and

 

WHEREAS, it is necessary to adjust the General Fund Budget by $403,040 for FY 2019-2020; and

 

WHEREAS, Texas Local Government Code Section 102-0120 provides that a municipality is not prohibited from making changes to a budget for municipal purposes; and

 

WHEREAS, the Leon Valley City Council now desires to amend the General Fund Budget for FY 2019-2020 in the amount $403,040 for the Leon Valley General Fund for Contractual Fees, the Purchase of Land, and Unemployment;

 

NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LEON VALLEY, TEXAS, THAT:

 

SECTION 1. The FY 2019-2020 General Fund Budget of the City of Leon Valley is hereby amended to increase the budget by the amount of $403,040 to provide funding General Fund.

 

SECTION 2. The financial allocations in this Ordinance are subject to approval by the Finance Director. The Finance Director may, subject to concurrence by the City Manager or the City Manager’s designee, correct allocations as necessary to carry out the purpose of this Ordinance.

 

Discussion