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HomeMy WebLinkAboutOrdinance - 2015-O0007 - Budget Amendment 10 - 02/12/2015First Reading Second Reading January 22, 2015 February 12, 2015 Item No. 5.3 Item No. 5.1 ORDINANCE NO. 2015-00007 AN ORDINANCE AMENDING THE FY 2014-15 BUDGET FOR MUNICIPAL PURPOSES RESPECTING THE AIRPORT FUND; 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 2014-15 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 2014-15 (Budget Amendment #10) for municipal purposes, as follows: I. Establish Capital Improvement Project 92360, Airport Shelter Park Acquisition, and appropriate funding in the amount of $1,030,000, to purchase the Airport Shelter Park property, revenue control equipment, and two replacement shuttle buses. II. Amend the Airport FY 2014-15 Operating Budget by increasing the transfer to the Airport Capital Project Fund by $1,030,000, from $565,000 to $1,595,000. The increased transfer will be from Airport Fund fund balance. 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 this .lanuary 22, 2015 Passed by the City Council on second reading this February 12, 2015 TSON, MAYOR ATTEST: ,p a,— �X — Rebe ca Garza City cretary I:T.YI��ZK�]�►(f � �1►1f Cheryl Brock Executive Director of Budget iVED AS TO FORM: i 5.Miendl0.ord