09 - Ordinance Adopting the Proposed 2020-21 Budget

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TWDB Loan 2013 $ 169,373.00 G.O. Bonds 2013 $ 2,769,975.00 G.O. Bonds 2016 $ 774,385.00 G.0 Bonds 2018 $ 124,000.00 Total Bond Requirements $ 3,837,733.00 Grand Total $15,266,287.00 Section 6. That the sum of $3,837,733.00 is hereby appropriated out of the Water and Sewer Interest & Sinking Funds for the purpose of paying accrued interest and making the principal payments as the same mature on the Water and Sewer Revenue Bonds, and creating the prescribed contingent and reserve fund therefore. Section 7. That the sum of $4,783,226.00 is hereby appropriated out of the Special Revenue Funds for payment of miscellaneous legally restricted fees and costs, as hereby itemized: SPECIAL REVENUE FUNDS: $ 4,783,226.00 Total $4,783,226.00 Section 8. That the sum of $1,165,350.00 is hereby appropriated out of the Sanitation Fund for payment of capital outlay as hereby itemized: SANITATION FUND: Sanitation $ 1,165,350.00 Total $ 1,165,350.00 Section 9. That the sum of $3,840,633.00 is hereby authorized to be transferred from one city fund to another in accordance to the 2020-21 Budget as hereby itemized: INTERFUND TRANSFERS: Water & Sewer Fund to I & S Funds $ 3,837,733.00 Total $3,837,733.00 Section 10. That all provisions of the ordinances of the City of Paris, Texas in conflict with the provisions of this ordinance are hereby repealed, and all other provisions of the ordinances of the City of Paris not in conflict with the provisions of this ordinance shall remain in full force and effect. Section 11. That the repeal of any ordinance or part of ordinances affected by the enactment of this ordinance shall not be construed as abandoning any action now pending under or by virtue of such ordinance or as discontinuing, abating, modifying, or altering any penalty accruing or to accrue, or as affecting any rights of the municipality under any section or provisions of any ordinance at the time of passage of this ordinance.