HomeMy WebLinkAboutOrdinance - 2015-O0016 - Budget Amendment 14 - 03/12/2015Reading
rary 26, 2015
No. 6.3
ORDINANCE NO. 2015-00016
Second Reading
March 12, 2015
Item No. 5.1
AN ORDINANCE AMENDING THE FY 2014-15 BUDGET FOR MUNICIPAL
PURPOSES RESPECTING THE LUBBOCK POWER AND LIGHT (LP&L)
CAPITAL IMPROVEMENT PROGRAM BY AMENDING CAPITAL
IMPROVEMENT PROJECT (CIP) 8585—AIR SWITCH REPLACEMENT, CIP
92341—OVERHEAD FAULT INDICATORS, CIP 92374-69 KV LINE REBUILD—
COOP TO SLATON, CIP 92377—BRANDON STATION OUTAGE—MEDIUM
TERM, CIP 8591—MASSENGALE STATION OUTAGE, CIP 92334—
MASSENGALE STATION OUTAGE—LONG-TERM; 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 #14) for
municipal purposes, as follows:
I. Amend Capital Improvement Project 8585, Air Switch Replacement, by
changing the funding source from $100,000 FY 2015 LP&L Revenue Bonds
to $19,192 FY 2009 Tax & Waterworks (T&WW) Certificates of Obligation
and $80,808 FY 2010 T&WW Certificates of Obligation.
II. Amend Capital Improvement Project 92341, Overhead Fault Indicators, by
changing the funding source from $100,000 FY 2015 LP&L Revenue Bonds
to $100,000 FY 2010 T&WW Certificates of Obligation.
III. Amend Capital Improvement Project 92374, 69 kV Line Rebuild —Coop to
Slaton, by changing the funding source from $3,000,000 FY 2015 LP&L
Revenue Bonds to $191,577 FY 2010 T&WW Certificates of Obligation and
$2,808,423 FY 2015 LP&L Revenue Bonds.
IV. Amend Capital Improvement Project 92377, Brandon Station Outage—
Medium Term, by decreasing the appropriation by $750,000, from $750,000
to $0.00.
V. Amend Capital Improvement Project 8591, Massengale Station Outage, by
decreasing the appropriation by $1,325,000, from $1,675,000 to $350,000.
VI. Amend Capital Improvement Project 92334, Massengale Station Outage —
Long Term, by decreasing the appropriation by $400,000, from $1,250,000 to
$850,000.
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 February 26, 2015
Passed by the City Council on second reading this March 12, 2015
GLE C. RO ERTSON, MAYOR
ATTEST:
Garza
City
APPROVED.AS TO CONTENT:
Cheryl Brock
Executive Director of Budget
APPROVED AS TO FORM:
y"
D'puty ty Attorney
ccdocs/BudgetFY I415.Amend I4.ord