HomeMy WebLinkAboutOrdinance - 2024-O0149 - Budget Ordinance Amendment 4, Amending The FY 2024-25 Budget - 12/10/2024Second Reading
December 10, 2024
Item No. 5.1
First Reading
December 3, 2024
Item No. 6.2
ORDINANCE NO. 2024-00149
AN ORDINANCE AMENDING THE FY 2024-25 BUDGET FOR MUNICIPAL PURPOSES
RESPECTING THE GATEWAY CAPITAL PROJECT FUND AND THE IMPACT FEE
SERVICE AREA D 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 2024-25 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 2024-25 (Budget Amendment #4) for municipal purposes, as
follows:
I. Establish Capital Improvement Project 92895, East 19"' Street, Keel Avenue to East Loop 289
and appropriate funding in the amount of $1,000,000. Funding will be from the Impact Fee
Service Area D Fund.
II. Amend the Impact Fee Service Area D Fund Transfer to the Gateway Capital Project Fund by
increasing the appropriation by $1,000,000, from $0 to $1,000,000. Funding will be from 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
December 3, 2024
Passed by the City Council on second reading on December 10, 2024
ARK W. MCBRAYEIft, MAYOR
ATTEST:
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Co ney Paz
City Secretary
APPROVED AS TO CONTENT:
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Cheryl Brock
Interim Chief Financial Officer
APPROVED AS TO FORM:
S' s
/py
City Attorney
ccdocs/B udgetFY24-25.Amend4. ord
November 14, 2024