HomeMy WebLinkAboutOrdinance - 2023-O0012 - Budget Amendment #11 - 02/28/2023First Reading
February 14, 2023
Item No. 5.4
ORDINANCE NO. 2023-00012
Second Reading
February 28, 2023
Item No. 5.2
AN ORDINANCE AMENDING THE FY 2022-23 BUDGET FOR MUNICIPAL PURPOSES
RESPECTING THE NORTH OVERTON PUBLIC IMPROVEMENT DISTRICT FUND TO
APPROPRIATE FUNDING FOR INCREASED REPAIR COSTS; 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 2022-23 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 2022-23 (Budget Amendment # 11) for municipal purposes,
as follows:
I. Amend the FY 2022-23 North Overton Public Improvement District (PID) Budget by
increasing the appropriation by $500,000, from $870,858 to $1,370,858, for increased
repair costs. Funding is from North Overton PID 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 on February 14, 2023
Passed by the City Council on second reading on
February 28, 2023
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ATTEST:
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City Secretary
APPROVED AS TO CONTENT:
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Chief Financial Officer
APPROVED AS TO FORM:
Attorney
ccdocsBudgetFY22-23.Amend 11. ord
January 25, 2023