HomeMy WebLinkAboutResolution - 4632 - Budget Changes - City Manager - 1988 Golf Course Series Defeasance & COO - 10_13_1994Resolution No. 4632
October 13, 1994
RESOLUTION Item #37
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:
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:
$630,000 shall be provided from the General Fund Undesignated/Unreserved
Fund Balance to the General Debt Service Fund to provide for the defeasance
of Series 1988 Golf Course Certificates of Obligation and that portion of the
Series 1993 Refunding Bonds allocated to the 1988 Golf Course Certificates of
Obligation.
THAT a copy of the changes made to the City of Lubbock Budget pursuant to this
Resolution shall be filed with the City Secretary and County Clerk of Lubbock County as
TO CONTENT:
Director of Culture and Leisure
AS TO FORM:
G. Vandiver, First Assisifant City
ncv:datcc loca11GOLFCRS.res
September 28, 1994