Page 4 - Euless FY21 Budget

SECTION 6.

The sums below are hereby appropriated from the respective capital funds for the

payment of expenditures on behalf of the City government as established in the approved

Capital Improvement Program:

FY2020

Amended FY2021

Fund Appropriations Appropriations

Drainage Capital Projects Fund 100,000

Streets Capital Projects Fund 1776)129 $ 61500,000

Water & Wastewater Capital Projects Fund 21872,494 $ 11998,029

Water Impact Fee Fund 1201844

Wastewater Impact Fee Fund 100,000

General Capital Projects Fund 71728, 308

Half Cent Capital Projects Fund ( EDC) 41716,414 $ 250,000

Texas Star Golf Course Capital Projects 50,000

Redevelopment Fund 11023,358 $ 750,000

Car Rental Capital Improvement Projects 21571, 070 $ 10,000

SECTION 7.

The sums below are hereby appropriated from the respective reserve funds to

provide transfers to certain operating and capital improvement funds as established in the

approved budget document.

FY 2021

Fund Appropriations

Water & Wastewater Rate Stabilization Reserve Fund $ 262,742

Texas Star Golf Course Reserve Fund $ 50,000

SECTION 8.

The City Manager is authorized from time to time, as he/she may deem to be in

the best interest of the City of Euless, to invest city funds not immediately required for

current use, including operating funds and bond funds, as per the City Council adopted

Investment Policy.

SECTION 9.

SEVERABILITY CLAUSE. It is hereby declared to be the intention of the City

Council that the phrases, clauses, sentences, paragraphs, and sections of this ordinance

are severable, and if any phrase, clause, sentence, paragraph, or section of this

ordinance shall be declared unconstitutional by the valid judgment or decree of any court

Ordinance No. 2256, Page 4 of 5