HomeMy WebLinkAboutOrdinance - 2018-O0143 - Amending The FY 2018-19 Budget For Municipal Purposes - 12/17/2018First Reading
December 17, 2018
Item No. 6.1
ORDINANCE NO. 2018-00143
Second Reading
January I 0, 2019
Item No. 6.1
AN ORDINANCE AMENDING THE FY 2018-19 BUDGET FOR MUNICIPAL PURPOSES
RESPECTING THE WATER/WASTEWATER FUND TO AMEND THE SIB LOAN
PAYMENT; 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 2018-19 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 2018-19 (Budget Amendment #4) for municipal purposes, as
follows:
I. Amend the Water/Wastewater Fund by increasing the appropriation by $72,750 for the
SIB loan payment, from $139,094,070 to $139,166,820. The funding will be from
Water/Wastewater Fund Balance.
SECTION 2. TI-IA T 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 Dec~1=n=be=r~1~7_,__, =20~1~8~-----
Passed by the City Council on second reading on _ht=n=ua=ry--'--"1~0--'-, =20~19~-----
ATTEST:
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APPROVED AS TO CONTENT:
Chief Financial Officer
APPROVED AS TO FORM:
ccdocs/BudgetFY I 8 l 9.Amcnd4.ord
December 5, 2018