HomeMy WebLinkAboutOrdinance - 2024-O0060 - BO Amendment 26, Airport Capital Project Fund And CFC Fund - 05/14/2024First Reading
April 23, 2024
Item No. 6.6
ORDINANCE NO. 2024-00060
Second Reading
May 14, 2024
Item No. 6.1
AN ORDINANCE AMENDTNG THE FY 2023-24 BUDGET FOR MUNICIPAL PURPOSES
RESPECTING THE AIRPORT CAPITAL PROJECT FUND AND CUSTOMER FACILITY
CHARGE (CFC) 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, "I�III�'REFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT the City Council of the City of I.ubbock hereby approves changes
to the City of Lubbock Budget FY 2023-24 (Budget Amendment #26) for municipal purposes,
as follows:
I.
II.
III.
I�
V
Amend Capital Improvement Project 8610, Remove and Reseal All Joints in Concrete
by decreasing the appropriation and funding by $136,020, from $5,552,900 to
$5,416,880. C.A.R.E.S Act funding will decrease $13,601, from $535,540 to $521,939
and the Airport Improvcment Program (AIP) Grant will decrease by $122,419, from
$4,819,860 to $4,697,441.
Amend Capital Improvement Project 8648, Airfield Pavement Maintenance by the
following change in funding: Airport Coronavirus Grant Program funding will
decrease by $415,222 and the C.A.R.E.S Act funding will increase by $415,222. The
total appropriation of the project will not change.
Amend Capital Improvement Project 92579, Airport Property Improvements, by
decreasing the appropriation and funding by $23,747, from $1,697,786 to $1,674,039.
Funding changes are as follows: C.A.R.E.S Act funding will decrease by $47,120,
from $1,557,625 to $1,510,505, CFC Cash will increase by $23,373, from $0 to
$23,373.
Amend Capital Improvement Project 92675, Roof Repair and Replacement by
decreasing the appropriation and funding by $2,053,718, from $2,513,215 to $459,497.
C.A.R.E.S Act funding will decrease by $956,250, from $1,415,215 to $458,965,
Airport Capital Cash will decrease by $1,097,468, from $1,097,468 to $0. The Airport
Cash will be moved to 92859 Terminal Building — 2"d Floor Renovations.
Amend Capital Improvement Project 92838, Airport Property Improvements by
increasing the appropriation and funding by $112,281, from $150,000 to $262,281.
C.A.R.E.S Act funding will increase by $27,255. CFC Cash will increase by 85,026,
from $0 to $85,026.
VI. Amend the transfer from the CFC Fund to the Airport Capital Fund by $108,399, from
$0 to $108,399.
VII. Establish Capital Improvement Project 92859, Terminal Building — 2"d Floor
Renovations, and appropriate $1,097,468. The funding will be Airport Capital Cash
moved from CIP 92675, Roof Repair and Replacement.
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 23, 2024
Passed by the City Council on second reading on May 14, 2024
ATT �ST:
Cou ney Paz
City Secretary
APPROVED AS TO CONTENT:
D. Blu stelich
Chief • inancial Offi er
APPROVED AS TO FORM:
, �
m ims
D uty ' y Attorney
ccdocsl llBudgetFY23-24. Amend26. ord
April 9, 2024