HomeMy WebLinkAboutResolution - 6010 - Make Changes To City Of Lubbock Budget - Electric Fund & Airport Fund - 09_24_1998Resolution No. 6010
Item No. 29
RESOLUTION September 24, 1998
WHEREAS, Section 102.010 of the Local Government Code of the State of
Texas authorizes City Councils to make changes in budgets for municipal purposes; and
WHEREAS, in accordance with the City Budget Ordinance, the City Manager is
authorized to make transfers between funds, accounts, departments or programs for City
purposes; and
WHEREAS, the City Council deems it advisable to change the budget for
municipal purposes and reallocate funds as follows; NOW THEREFORE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT the City Manager of the City of Lubbock is hereby
authorized and directed to make the following changes to the City of Lubbock Budget for
municipal purposes:
To the Electric Fund, as indicated in Exhibit "A" which is attached and
incorporated herein, to provide additional funds needed to cover increases in
purchased power expenditures.
To the Airport Fund, as indicated in Exhibit "B" which is attached and
incorporated herein, to provide additional funds needed to cover additional
maintenance to the jetbridges.
SECTION 2. THAT a copy of the changes made to the City of Lubbock Budget
pursuant to the Resolution shall be filed with the City Secretary and County Clerk of
Lubbock County as required by law.
APPROVED AS TO CONTENT:
Aria Mosqueda, l/
Director of Management Services
APPROVED AS TO FORM:
Linda L. Chamales, Supervising Attorney,
Office Practice Section
LLC:&kcdocLLP$L & A1rpoR Budgd Amad PYS
Sept—bc 15, 1998
City of Lubbock
SUMMARY OF REVENUES AND EXPENDITURES
ELECTRIC FUND
ORIG BUDG
REVISED
1997-98
1997-98
REVENUES:
General Consumers Metered
56,909,275
61,209,275
Municiple Sales
5,176,031
5,176,031
Interest on Investments
100,336
100,336
Pole Rentals
68,369
68,369
Miscellaneous Revenues
416,250
416,250
TFR-From Electric CP
0
0
TFR-From Electric Eco Dev
0
0
REF-Fec of Util Coll Dep
1,977,928
1,977,928
TOTAL REVENUES
64,648,189
--------------
68,948,189
OPERATING EXPENDITURES:
Electric Administration
710,229
710,229
Electric Promotion
1,281,831
1,281,831
Electric Production
Operations
36,649,820
40,249,820
Maintenance
1,962,769
1,962,769
Total Electric Production
38,612,589
42,212,589
Electric Distribution:
Engineering
778,677
778,677
Underground Lines
718,021
718,021
Overhead Lines
1,278,373
1,278,373
Customer Service
1,169,137
1,169,137
Substations
562,253
562,253
Meter Shop
339,777
339,777
Total Electric Distribution
4,846,238
4,846,238
Public Utilities Collection
Field Services
1,181,644
1,181,644
Customer Service
2,477,473
2,477,473
Total Collections Office
3,659,117
3,659,117
Business Development
186,456
186,456
Miscellaneous Expense
0
0
Uncollectible Accounts
550,000
550,000
Total Operating Expenditures
49,846,460
53,446,460
OTHER EXPENDITURES:
Payment for Debt Service
4,207,770
4,207,770
Market Lbk Inc Contract
0
0
Reserve for Dereg/Rate Stab
1,200,000
1,200,000
City of Lubbock
SUMMARY OF REVENUES AND EXPENDITURES
ELECTRIC FUND
ORIG BUDG
REVISED
1997-98
1997-98
Section 2 Eco Development
142,454
142,454
Section 3 Eco Development
220,133
220,133
Indirect Cost Allocation
856,900
856,900
Total Other Expenditures
6,627,257
6,627,257
RESERVES AND RETAINAGES
Elec Perm Cap Maint Fund
0
921,679
Brandon Station Reserves
500,000
0
System Maint Reserve
0
278,321
Electric Capital Projects
0
0
Street Light Capital Proj
836,000
836,000
Streetlighting
1,880,927
1,880,927
Payments in Lieu of Taxes:
Propery Tax
1,175,323
1,175,323
Franchise Tax
1,954,750
1,954,750
Gas Tax
527,472
527,472
Reserve for Econ Development
100,000
100,000
Trsfr Gen Fund-Infrastruct ure
1,200,000
1,200,000
Trsfr-Gen Fd Street Lights
0
0
Total Reserves/Retainages
8,174,472
8,874,472
Total Fund Expenditures
64,648,189
68,948,189
Remaining Balance
0
0
City of Lubbock
SUMMARY OF REVENUE AND EXPENDITURES
REVENUES:
Landing Area
Hanger Area
Terminal Area
Parking Area
Agriculture and Rent
Industrial Area
Interest on Investmen
Marketing Contrib-Hotel/Motel
Miscellaneous
TFR-From Jetbridge Revenue
TOTAL REVENUES
OPERATING EXPENDITURES:
Administration and Marketing
Operations
Maintenance
Security Access
Security Police
Parking
Uncollectable Accounts
Total Oper. Expenditures
OTHER EXPENDITURES:
Tmfr to Apt Cap Pr Sr Parking
Tmfr to Gen'l Fac&Sys Improv
Tmfr to Gen Fd-Terminal Roof
Trans to General Fund
Miscellaneous
Airline Contract Jetbridge
Trnfr to EF&SI-Power
Indirect Cost Allocation
Payment for Debt Service
Grounds Maintenance
Total Other Expenditures
RESERVES AND RETAINAGES
Tmsfr to Airport Cap
Airport Faci( & Sys Imp
Total Reserves/Retainages
Total Fund Expenditures
Remaining Balance
AIRPORT FUND
ORIG BUD REVISED
1997-98 1997-98
820,000
820,000
295,000
295,000
2,145,600
2,145,600
1,215,500
1,215,500
70,000
70,000
147,000
147,000
26,400
26,400
22,500
22,500
32,000
32,000
20,000
24,930
4,794,000
4,798,930
628,726 644.723
614,401 599,087
1,584,363 1,509,634
347,593 347,593
370,850 370,850
0 0
5,000 5,000
3,550,933 3,476,887
127,966 127,966
19,341
19,341
0
0
608,665
608,665
0
0
20,000
24,930
0
0
217,270
217,270
0
0
0
0
993,242
998,172
249,825 249,825
0 74,046
249,825 323,871
4,794,000 4,798,930
0 0