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ORDINANCE NO 2021-11 <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS AMENDING CERTAIN FUNDS IN THE CITY'S 2020- <br />2021 FISCAL YEAR BUDGET TO ALLOCATE FOR THE ROLLOVER OF <br />FUNDS AND TO ADJUST THE REVENUE AND EXPENDITURE <br />BUDGET FOR LOWER ECONOMIC INCENTIVES. <br />RECITALS: <br />In accordance with Section 8.16 of the City Charter, the City Council declares that a public <br />necessity exists that requires an amendment to the City's 2020 - 2021 Fiscal Year Budget. <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />SECTION 1. The City Budget Ordinance for the 2020-2021 Fiscal Year is amended as <br />set forth in the attached Exhibit A, and as summarized by Fund in the following table: <br />Fund <br />Original Adopted <br />2020-2021 Budget <br />Requested <br />Amendments <br />Revised 2020-2021 <br />Budget <br />General <br />$93,935,617 <br />$4,611,302 <br />$89,324,315 <br />Hotel Occupancy <br />3,343,582 <br />36,503 <br />3,380,085 <br />Municipal <br />Technology <br />30,000 <br />55,881 <br />85,881 <br />Electric <br />63,616,232 <br />2,502,589 <br />66,118,821 <br />Water <br />$50,920,848 <br />$376,830 <br />$51,297,678 <br />SECTION 2. If any word, phrase, clause, sentence, or paragraph of this ordinance is held <br />to be unconstitutional or invalid by a court of competent jurisdiction, the other provisions of this <br />ordinance will continue in force if they can be given effect without the invalid portion. <br />SECTION 3. All ordinances and resolutions or parts of ordinances or resolutions in <br />conflict with this ordinance are repealed. <br />SECTION 4. This ordinance will take effect immediately after its passage, approval and <br />adoption on second reading. <br />PASSED AND APPROVED on first reading on February 16, 2021 <br />PASSED, APPROVED AND ADOPTED on second reading on March 2, 2021. <br />)ane Hughson <br />Mayor <br />