HomeMy WebLinkAboutOrdinance - 2013-O0031 - NELCDC Tax Rev Est - 03/28/2013First Reading
March 14, 2013
Item No. 5.3
Second Reading
March 28, 2013
Item No. 5.1
ORDINANCE NO.2013-00031
AN ORDINANCE AMENDING THE FY 2012-13 BUDGET FOR MUNICIPAL
PURPOSES RESPECTING THE GENERAL FUND TO PROVIDE FOR FUNDING
FOR NORTH AND EAST LUBBOCK COMMUNITY DEVELOPMENT
CORPORATION; INCREASING THE SALES TAX REVENUE ESTIMATE;
PROVIDING FOR FILING; AND PROVIDING FOR A SAVINGS CLAUSE.
WHEREAS, Section 102.010 of the Local Government Code of the State of
Texas authorizes the City Council to make changes in the budget for municipal
purposes; and
WHEREAS, in accordance with the City Budget Ordinance the City Council
shall approve all transfers between funds and departments; and
WHEREAS, the City Council deems it advisable to change the FY 2012-13
Budget for municipal purposes and reallocate funds as follows; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT the City Council of the City of Lubbock hereby approves
changes to the City of Lubbock Budget FY 2012-13 (Budget Amendment # 17) for
municipal purposes, as follows:
I. Amend FY 2012-13 expenditures in General Fund in Cost Center 1115, Non -
Departmental, by increasing professional services $251,068 to fund the North
and East Lubbock Community Development Corporation.
II. Increase the Sales Tax revenue estimate in General Fund by $251,068, from
$52,760,491 to $53,011,559.
SECTION 2. THAT a copy of the changes made to the City of Lubbock
Budget pursuant to this Ordinance shall be filed with the City Secretary and County
Clerk of Lubbock as required by law.
I
SECTION 3. THAT should any section, paragraph, sentence, clause, phrase
or word of this Ordinance be declared unconstitutional or invalid for any reason, the
remainder of this Ordinance shall not be affected thereby.
AND IT IS SO ORDERED
Passed by the City Council on first reading on March 14, 2013
Passed by the City Council on second reading on March 28. 2ots
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APPROVED AS TO CONTENT: p
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:xecu ive Director of Budget
APPROVED AS TO FORM:
Attorney
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March 4, 2013