File #: 26-4439    Version: 1 Name:
Type: Agenda Item Status: Regular Hearing
File created: 1/8/2026 In control: City Council
On agenda: 1/26/2026 Final action:
Title: Consideration of an Ordinance of the City Council of the City of Lewisville, Texas, Amending the Previously Adopted and Approved Budget Ordinance for the Fiscal Year October 1, 2024 to September 30, 2025 by Providing a Supplemental Appropriation to the Debt Service Fund; and Providing an Effective Date.
Attachments: 1. Staff Memo - Supplemental - 1.26.26 Edits, 2. Ordinance - Supplemental FY2025 - 1.26.pdf
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title

Consideration of an Ordinance of the City Council of the City of Lewisville, Texas, Amending the Previously Adopted and Approved Budget Ordinance for the Fiscal Year October 1, 2024 to September 30, 2025 by Providing a Supplemental Appropriation to the Debt Service Fund; and Providing an Effective Date.

 

request

ADMINISTRATIVE COMMENTS:

 

In September 2025, the City of Lewisville completed a competitive sale of its General Obligation Refunding & Improvement Bonds, Series 2025. A portion of this issuance was structured to refund outstanding portions of the City’s Series 2015 and Series 2016 General Obligation Bonds in order to achieve debt service savings. The bond sale closed in September. A supplemental appropriation is now requested to properly record the refunding transaction in compliance with state statute and budgetary requirements. The refunding provided sufficient revenue to cover this expenditure.

 

RECOMMENDATION:

 

That the City Council approve the ordinance as set forth in the caption above.