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HomeMy WebLinkAboutOrdinance - 2022-O0082 - Budget Amendment #28 - 06/14/2022First Reading May 24, 2022 Item No. 7.3 Second Reading June 14, 2022 Item No. 6.3 ORDINANCE NO. 2022-00082 AN ORDINANCE AMENDING THE FY 2021-22 BUDGET FOR MUNICIPAL PURPOSES RESPECTING THE GENERAL FUND, WATER/WASTEWATER FUND, STORM WATER FUND AND THE FLEET CAPITAL FUND TO APPROPRIATE FUNDING FOR CAPITAL IMPROVEMENT PROJECT 92769, FY 2022-23 PRE -PURCHASE VEHICLES; 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 #28) for municipal purposes, as follows: I. Establish Capital Improvement Project 92769, FY 2022-23 Pre -Purchase Vehicles and appropriate funding in the amount of $3,400,000. The Funding will be from the General Fund fund balance, Water/Wastewater fund balance, and the Storm Water fund balance. Il. Increase the transfer to Fleet Capital in the General Fund in the amount of $2,769,721, from $613,072 to $3,382,793. III. Increase the transfer to Fleet Capital in the Water•WasteWater Fund in the amount of $568,386, from $739,000 to $1,307,386. IV. Increase the transfer to Fleet Capital in the Storm Water Fund in the amount of $61,893, from $73,970 to $135,863. 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. Passed by the City Council on first reading on __ ____ _ May 24, 2022 Passed by the City Council on second reading on _ June 14, 2022 ATTEST: - I )d (/4/ Re ca Garza City Secretary APPROVED AS TO CONTENT: D. Blu Kostelich Chief Financial Officer City Attorney