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HomeMy WebLinkAboutOrdinance - 2022-O0047 - Budget Amendment #21 - 04/12/2022First Reading April 12, 2022 Item No. 7.5 Second Reading April 26, 2022 Item No. 7.4 ORDINANCE NO. 2022-00047 AN ORDINANCE AMENDING THE FY 2021-22 BUDGET FOR MUNICIPAL PURPOSES RESPECTING THE GENERAL FUND AND THE GENERAL CAPITAL FUND TO ESTABLISH CAPITAL IMPROVEMENT PROJECT 92760, AVENUE Q TAP AND TO APPROPRIATE FUNDING FOR CAPITAL IMPROVEMENT PROJECT 92737, 114TH STREET, QUAKER AVENUE TO INDIANA AVENUE; 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 #21) for municipal purposes, as follows: I. Establish Capital Improvement Project 92760, Avenue Q TAP, and appropriate funding in the amount of $500,000. Funding will be FY 2022 General Fund Cash. II. Amend Capital Improvement Project 92737, 114'h Street, Quaker Avenue to Indiana Avenue, by changing the funding source from $3,000,000 FY 2022 Tax Supported Revenue Certifications of Obligation to $3,000,000 FY 2022 General Fund Cash. III. Increase Transfer to Capital in General Fund by $3.5 million, from $18,907,115 to $22,407,115. 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 April 12, 2022 Passed by the City Council on second reading on ATTEST: - P ZP'wZx--' Reb ca Garza City ecretary APPROVED AS TO CONTENT: Chief Financial Officer APPROVED AS TO FORM: Amy i DejW City Attorney ccdocs/BudgetFY2122.Amend2 Lord April 1, 2022 April 26, 2022 DANIEL M. POPE, MAYOR