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HomeMy WebLinkAboutOrdinance - 2024-O0024 - Budget Ordinance Amendment 15 - 03/26/2024First Reading March 5, 2024 Item No. 5.2 ORDINANC� N0.2024-00024 Second Reading March 26, 2024 Item No. 5.1 AN ORDINANCE AMENDING THE FY 2023-24 BUDGET FOR MUNICIPAL PURPOSES RESPECTING THE GENERAL FUND AND PARKS CAPITAL PROJECT 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 2023-24 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 2023-24 (Budget Amendment #15) for municipal purposes, as follows: I. Establish Capital Improvement Project 92855, Berl Huffman Water Well, and appropriate $215,000 to install a water well for the Berl Huffman Athletic Complex. The funding is General Fund fund balance. II. Amend the General Fund Transfer to CIP by increasing the appropriation by $215,000, from $17,136,190 to $17,351,190. 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 March S, 2424 _ Passed by the City Council on second reading on __ _��r�h 25, 2U24 TRAY Y L; MAYOR ATTEST: Courtney Paz City Secretary APPROVED AS TO CONTENT: D. Koste ' h Chief Financial Officer APPROVED AS TO FORM: Amy S� , Deputy ' Attorney ccdocslllBudgetFY23-24.Amend I S.ord February 27, 2024