HomeMy WebLinkAboutOrdinance - 2012-O0079 - Amending The FY 2011-12 Budget For Municipal Purposes - 08/09/2012First Reading
August 9. 2012
Item No. 5.1
ORDINANCE NO. 2012-00079
Second Reading
August 23, 2012
Item No. 5.1
AN ORDINANCE AMENDING THE FY 2011-12 BUDGET FOR
MUNICIPAL PURPOSES RESPECTING THE LUBBOCK POWER AND LIGHT
l(LP&L) CAPITAL PROJECT FUND BY AMENDING CAPITAL
IMPROVEMENT PROJECT NO. 92197, TIE LINE TRANSFORMER
REPLACEMENT; AND BY ESTABLISHING CAPITAL IMPROVEMENT
PROJECT NO. 92283, MGL 6 & 7 COOLING TOWER REPLACEMENT; AND
RESPECTING THE OPERA TING FUND BY DECREASING THE TRANSFER
TO THE CAP IT AL PROJECTS FUND.
II
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 departments; and
WHEREAS, the City Council deems it advisable to change the FY 2011-12
Budget for municipal purposes and reallocate funds as follows; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF Ll IBBOCK:
SECTION 1. THAT the City Council of the City of Lubbock hereby approves
changes to the City of Lubbock Budget FY 2011-12 (Budget Amendment #21) for
municipal purposes, as follows:
I. Amend Capital Improvement Project No. 92197. Tie Line Transformer
Replacement, by changing $2,038,511 of the funding from LP&L Pay-As-
You-Go to prior year bonds.
11. Establish Capital Improvement Project 92283, MGL 6 & 7 Cooling Tower
Replacement, and appropriate $1.75 million.
III. Decrease the transfer from the LP&L Operating Fund to the LP&L Capital
Project Fund by $288,511 from $19,852,000 to $19,563,489.
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 this 9th day of ~A=u-g...,,u=s~t ___ _
2012.
Passed by the City Council on second reading this 23rd day of August
2012.
ATTEs·1·:
APPROVED AS TO CONTENT:
Budget Director
APPROVED AS TO FORM:
BudgetFY l 1 l 2.Amend2 I .ord
8.1.12