Res 072-2024 Amend FY 2024 Budget for Downtown Improvement Grant Program 06/18/2024 Resolution No. 72-2024
Resolution approving the programs and expenditures of the Wichita
Falls Type B Sales Tax Corporation Board of Directors and amending
the fiscal 2024 budget to increase funding for the Downtown
Improvement Grant Program
WHEREAS, Texas Local Gov't. Code § 501.073(a) provides "The corporation's
authorizing unit will approve all programs and expenditures of a corporation and annually
review any financial statements of the corporation;" and,
WHEREAS, on August 10, 2023, the Wichita Falls Type B Sales Tax Corporation's
Board of Directors approved their fiscal year 2023-24 budget; and
WHEREAS, on September 5, 2023, the Wichita Falls City Council approved the
Corporation's fiscal year 2023-24 budget; and
WHEREAS, on June 7, 2024, the Wichita Falls Type B Sales Tax Corporation
approved amending their fiscal year 2023-24 budget related to the Downtown
Improvement Grant program;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
The Wichita Falls Type B Sales Tax Corporation's fiscal year 2023-24 budget
amendment to increase funding for the Downtown Improvement Grant Program from
$100,000 to $250,000 is hereby approved.
PASSED AND APPROVED this the 18th day of June, 2024.
MAYOR
gATTEST: //
aAL
City Clerk J