HomeMy WebLinkAboutOrdinance - 2022-O0005 - Budget Amendment #9 - 01/11/2022First Reading
January 11, 2022
Item No. 7.5
ORDINANCE NO. 2022-00005
Second Reading
January 25, 2022
Item No. 7.5
AN ORDINANCE AMENDING THE FY 2021-22 BUDGET FOR MUNICIPAL PURPOSES
RESPECTING THE LUBBOCK POWER & LIGHT OPERATING AND CAPITAL
PROGRAM; 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
WHEREAS, the City Council deems it advisable to change the FY 2021-22 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 2021-22 (Budget Amendment #9) for municipal purposes, as
follows:
I. Establish Capital Improvement Project 92755, Massengale Station Gas Turbine #8
Repairs and appropriate funding in the amount of $4,500,000. The Project will utilize FY
2022 cash funding. The project scope and justification is as follows:
Project Scope:
This project is to repair and restore Gas Turbine #8 at Massengale Station. The project
includes costs related to engineering and repairs of the gas turbine and auxiliary
equipment.
Project Justification:
In September of 2021, Gas Turbine #8 at Massengale Station suffered a forced outage
and is out for repairs. Returning this generation unit to service will provide capacity for
LP&L to serve its native load in the Electric Reliability Council of Texas (ERCOT).
FERC Accounts: 343
Estimated Useful Life: 10 years
II. Amend fund 211, "Electric Operating Fund", by increasing the Transfer to the Capital
Program in the amount of $4,500,000, from $20,969,731 to $25,469,731.
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.
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
Passed by the City Council on second reading on
ATTEST:
— 14'4� )&
Reb cca Garza
City Secretary
APPROVED AS TO CONTENT:
D. Blu Kostelich
Chief Financial Officer
APPROVED AS TO FORM:
ity Attorney
ccdocsBudgetFY2122.Amend9.ord
December 22, 2021
January 11, 2022
January 25, 2022
-��,A
DANIEL M. POPE, IRAYOR