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HomeMy WebLinkAboutOrdinance - 2023-O0032 - Budget Amendment #14 - 04/25/2023First Reading April 11, 2023 Item No. 6.2 Second Reading April 25, 2023 Item No. 6.1 ORDINANCE NO. 2023-00032 AN ORDINANCE AMENDING THE FY 2022-23 BUDGET FOR MUNICIPAL PURPOSES RESPECTING THE RADIO SHOP FUND AND THE RADIO SHOP CAPITAL FUND; 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 # 14) for municipal purposes, as follows: I. Amend the Radio Shop Operating Budget by increasing transfer to Radio Shop Capital in the amount of $850,000, from $0 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 on. April 11, 2023 Passed by the City Council on second reading on� April 25, 2023 HILCI11I1 \.1LY JGGIGLM-Y APPROVED AS TO CONTENT: D. u Ko&telich Chief Financial Officer APPROVED AS TO FORM: A s Dfii�u-ty City Attorney ccdocse'BudgetFY22-23.Amend 14.ord March 24, 2023