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1993-175E \NPDOCS\ONO\ANEND 0 ORDINANCE NO `1 AN ORDINANCE AMENDING THE 1992-93 ANNUAL BUDGET OF THE CITY OF DENTON BY APPROPRIATING THE SUM OF FORTY TWO THOUSAND THREE HUNDRED FORTY TWO DOLLARS FROM THE UNAPPROPRIATED BALANCE OF THE GENERAL FUND AND DISBURSING IT TO VARIOUS ACCOUNT NUMBERS, APPROPRIATING THE SUM OF ONE MILLION SEVEN HUNDRED THIRTY SEVEN THOUSAND EIGHT HUNDRED FIFTY SEVEN DOLLARS FROM THE UNENCUMBERED BALANCE OF THE ELECTRIC FUND TO ACCOUNT 610-080-0251-8201, APPROPRIATING THE SUM OF FIVE HUNDRED THOUSAND DOLLARS FROM THE WORKING CAPITAL FUND TO VARIOUS ACCOUNTS, PROVIDING FOR PUBLICATION HEREOF, AND DECLARING AN EFFECTIVE DATE WHEREAS, the City is required by contracts with various organizations to remit a certain percentage of hotel occupancy taxes collected and the 1992-93 Budget did not project the increase in the collection of such taxes and the corresponding obligation to remit the funds to the organizations, WHEREAS, the City Manager having advised the City Council that such increases were not anticipated prior to the adoption of the 1992-93 Budget and could not have been included within the pro- visionq of the original budget, WHEREAS, the recent award by the State of Texas of construc- tion contracts for the Teasley Lane project and the construction of new hospital facilities has necessitated the purchase of additional inventory for completion of these projects not budgeted for this year, WHEREAS, increases in the price of spot natural gas and increases in generation caused by the weather and Texas Municipal Power Agency obligations have resulted in the need for additional expenditures in the Electric Fund, WHEREAS, the City Manager having advised the City Council that such increases were not anticipated prior to the adoption of the 1992-93 Budget and could not have been included in the original budget' and WHEREAS, the City Manager seeks an amendment to the 1992-93 budgetldue to public necessity, in compliance with Sec 8 08 of the Charter of the City of Denton, NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON, TEXAS HEREBY ORDAINS ,CTION I. That the 1992-93 Budget of the City of Denton, Texas is hereby amended by appropriating the sum of Forty two thousa d, three hundred forty two dollars from the Unappropriated Balance of the General Fund to the following accounts 100-041- 020M-8936,100-041-020M-8961,100-041-020M-8975,100-041-020M-8977, 100-041-020M-8978, and 100-041-020M-8998 for the purpose of making contractual payments to the Chamber of Commerce, the North Texas Fair Association, the Greater Denton Arts Council, Denton County Historical Foundation and Denton County Historical Museum, Inc SECTION II. That the 1992-93 Budget of the City of Denton, Texas is further amended by appropriating the sum of one Million Seven Hundred Thirty-Seven Thousand and Eight Hundred and Fifty- Seven Dollars ($1,737,857) from the unappropriated balance of the Electric Fund to Account No 610-080-0251-8201 to cover the increases of natural gas purchases due to weather and contractual obligations which were unforseeable SECTION III. That the 1992-93 Budget of the City is further amended by appropriating the sum of Five Hundred Thousand Dollars ($500,000) from the unappropriated balance of the Working Capital Fund to Account Numbers 710-043-0582-8703, 710-043-0582-8708, and 710-043-0582-8709 for the purchase of additional inventory which could not have been reasonably anticipated prior to adoption of the 1992-93 budget SECTION IV. That the City Secretary is directed to attach a copy of this ordinance to the original budget and cause this amendment to be published once in the Denton Record-Chronicle SECTION V. That this ordinance shall become effective immed- iately upon its passage and approval PASSED AND APPROVED this the s day of 1993 ATTEST: JENNIFER WALTERS, CITY SECRETARY BY 1_ AP ED A TO LEGAL FORM DEBRA A DRAYOVITCH, CITY ATTORNEY BY PAGE 2