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<br />211. <br />Exhibit 1 <br /> <br />City of San Marcos <br />Fiscal Year 2003/2004 <br />Budget Amendment <br /> <br /> <br />Approved by Ordinance No. <br /> <br />Fund <br /> <br />Account Name <br /> <br />Current <br />Budqet/Balance <br /> <br />Affect of this <br />Action <br /> <br />Amended <br />Budqet/Balance <br /> <br />Electric Utility Fun <br />650.000.35100 Fund Balance $ 5,990,063 $ <80,000> $ 5,910,063 <br />650.240.54355 Special Economic 20,000 80,000 100,000 <br /> Development Projects <br /> <br />~scription: <br /> <br />On September 22, 2003, City Council directed staff to increase the newly created appropriations line for "Special <br />Economic Development Projects" from $20,000 to $100,000. The Mayor presented a proposed advertisement to <br />be published in the San Antonio Express-News and the Lexington-Herald. The full-page color advertisement <br />would cost approximately $30,000 and was to be paid from unspent printing/publications appropriations within the <br />Electric Utility Fund. However, City Council desired additional edits be made to the advertisement resulting in it <br />being printed after October 1st and the expense being charged to fiscal year 2004 expenses. Realizing that the <br />unspent $30,000 would go directly to fund balance, City Council has requested that this unspent money plus an <br />additional $50,000 be appropriated from fund balance to be used for promotions that draw the attention of Toyota <br />suppliers. <br />