HomeMy WebLinkAboutOrdinance - 2011-O0027 - Ordinance Amendment 8 Amending The FY 2010-2011 LP&L Budget - 03/22/2011First Reading
March 22, 2011
Item No. 6.10
ORDINANCE NO. 2011-00027
Second Reading
April 14, 2011
Item No. 5.2
AN ORDINANCE AMENDING THE FY 2010-I1 BUDGET FOR
MUNICIPAL PURPOSES RESPECTING THE OPERATING BUDGET AND
CAPITAL PROGRAM IN THE LP&L ENTERPRISE FUND AS
RECOMMENDED BY THE ELECTRIC UTILITY BOARD ON MARCH 16, 2011
AND AS APPROVED BY THE CITY COUNCIL IN A MEETING CONDUCTED
PURSUANT TO SECTION 551.086 OF THE TEXAS GOVERNMENT CODE.
AMEND THE OPERATING BUDGET BY ADDING 10 FULL-TIME POSITIONS;
AMEND THE OPERATING BUDGET BY INCREASING REVENUES,
EXPENDITURES, AND TRANSFERS OUT; RESPECTING THE CAPITAL
PROGRAM BY ESTABLISHING CAPITAL IMPROVEMENT PROJECT NO.
92256, SPS DISTRIBUTION ASSET PURCHASE AND APPROPRIATE FUNDS;
AMEND CAPITAL IMPROVEMENT PROJECT NO. 8562, LAPTOP COMPUTER
REPLACEMENT; AMEND CAPITAL IMPROVEMENT PROJECT NO. 8565,
MASSENGALE 6 TURBINE OVERHAUL; AMEND CAPITAL IMPROVEMENT
PROJECT NO. 8567, COOKE BOILER FEED PUMP OVERHAUL; AMEND
CAPITAL IMPROVEMENT PROJECT NO. 91130, MASSENGALE COOLING
TOWER RENOVATIONS/DECK COVERS; AMEND CAPITAL IMPROVEMENT
PROJECT NO, 92167, LBC VARIOUS RENOVATIONS; AMEND CAPITAL
IMPROVEMENT PROJECT NO. 92197, TIE LINE TRANSFORMER
REPLACEMENT; AMEND CAPITAL IMPROVEMENT PROJECT NO. 92232
OVERHEAD DISTRIBUTION; AMEND CAPITAL IMPROVEMENT PROJECT
NO. 92234, DISTRIBUTION TRANSFORMERS; AND AMEND CAPITAL
IMPROVEMENT PROJECT NO. 92243, REPLACE COOKE 2 GENERATOR
HYDROGEN COOLERS.
Amend the LP&L operating budget by adding 10 full-time positions.
it. Amend the LP&L operating budget by increasing revenues
$48,810,387, increasing expenses $46,043,881, and increasing
transfers out $26,390,040.
III. Establish Capital Improvement Project No. 92256, SPS Distribution
Asset Purchase, and appropriate $87,754,858 for the purchase of SPS
Distribution Assets. Transfer $20,754,858 from the LP&L operating
fund to the LP&L Capital Program to fund a portion of the asset
purchase. The remainder of the asset purchase is funded with $67
million FY 2010 Electric Light and Power System Revenue Bonds.
IV. Amend Capital Improvement Project No. 8562, Laptop Computer
Replacement, by increasing the appropriation by $30,000 from
$340,000 to $370,000.
V. Amend Capital Improvement Project No. 8565, Massengale 6
Turbine Overhaul, by increasing the appropriation by $50,000 from
$200,000 to $250,000.
VI. Amend Capital Improvement Project No. 8567, Cooke Boiler Feed
Pump Overhaul, by decreasing the appropriation by $60,025 from
$90,000 to $29,975.
VII. Amend Capital Improvement Project No. 91130, Massengale Cooling
Towers Renovations/Deck Covers, by increasing the appropriation by
$70,000 from $300,000 to $370,000.
VBI. Amend Capital Improvement Project No. 92167, LBC Various
Renovations, by increasing the appropriation by $105,000 from
$545,000 to $650,000.
IX. Amend Capital Improvement Project No. 92197, Tie Line
Transformer Replacement, by increasing the appropriation by $2.2
million from $3 million to $5.2 million.
X. Amend Capital Improvement Project No. 92232, Overhead
Distribution, by increasing the appropriation by $415,000 from
$3,000,000 to $3,415,000.
XI. Amend Capital Improvement Project No. 92234, Distribution
Transformers, by increasing the appropriation by $465,000 from
$3,000,000 to 3,465,000.
XIL Amend Capital Improvement Project No. 92243, Replace Cooke 2
Generator Hydrogen Coolers, by increasing the appropriation by
$10,000 from $80,000 to $90,000.
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 2010-11
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 2010-11 (Budget Amendment #8) for
municipal purposes, as follows:
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 March 22, 2011
Passed by the City Council on second reading on April 14, 2011
A44�
TOM MARTIN, MAYOR
ATTEST
Rebecca Garza V
City Secretary
APPROVED AS TO CONTENT:
Gary Zheng, Chief Executive Officer
Lubbock Power & Light
APPROVED AS TO FORM:
G�a
Matt Wade
General Counsel-LP&L
ccdmwUudgetFY101 LAmend 6 ord
March 18. 2011