Item Coversheet

CITY OF HOUSTON - CITY COUNCIL

Meeting Date: 9/11/2018
ALL
Item Creation Date: 8/27/2018

FIN CLOSING OUT DISASTER RECOVERY FUND 2419

Agenda Item#: 19.


 
                               
Summary:

ORDINANCE closing out the Disaster Recovery Fund as created by Ordinance No. 2001-534 for the purpose of Relief to Tropical Storm Allison

Background:

Through Ordinance No. 2001-0534, City Council approved and authorized the creation of the Disaster Recovery Fund (Fund 2419) which was authorized to receive funds from any source for the purpose of repairs, relief, and recovery relating to Tropical Storm Allison, and to receive reimbursement for such expenditures from any source, including but not limited to the Federal Emergency Management Agency (FEMA), the State of Texas, or insurance policies.  Monies in the Disaster Recovery Fund could only be spent for those purposes.  It is determined that Tropical Storm Allison is no longer open to be receiving any more funds, or is subject to returning any funds to FEMA or the state.  The City now desires to close out the Disaster Recovery Fund due to inaction.

 

The Finance Department is requesting that City Council hereby appropriates all remaining unencumbered funds in the amount of $3,104,317.10 from the Disaster Recovery Fund (Fund 2419), and authorizes the transfer of the appropriated funds to the Disaster Recovery Fund 5303 fund balance.  Further, City Council authorizes the closure of the Disaster Recovery Fund 2419 upon final payment of any remaining encumbered funds.

 

 

 

 

 

____________________________________________

Tantri Emo, Finance Director


Prior Council Action:
June 13, 2001, 2001-534
Amount and Source of Funding:

$3,104,317.10 - Fund 2419, Disaster Recovery

Contact Information:

Gloria Moreno,

Assistant Director, Financial Reporting and Operations

832.393.9005

 

Tantri Emo,

Chief Business Officer/Director of Finance

832.393.9051