HomeMy WebLinkAboutOrdinance - 2005-O0053 - Changes In The FY 2004-05 - Increase Budget By $50,000 To Abandoned Motor Veh - 05/26/2005First Reading
May 26, 2005
Item 30
ORDINANCE NO. 2005-o0053
Second Reading
June 9, 2005
Item 37A
AN ORDINANCE MAKING CHANGES IN THE FY 2004-05 BUDGET OF
THE CITY OF LUBBOCK FOR MUNICIPAL PURPOSES.
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, accounts, departments or programs for City
purposes; and
WHEREAS, the City Council deems it advisable to change the FY 2004-05
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 2004-05 (Budget Amendment #12) for
municipal purposes as set forth, as follows :
1. Establish a capital project for Tract 1A in the North Overton Tax
Increment Finance Fund in the amount of $212,332 to be funded from
FY 2005 Certificate of Obligation Bonds.
2. Increase budget by $50 ,000 to Abandoned Motor Vehicle Fund for
police expenditures with offsetting revenue being collected from sale of
vehicles.
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.
AND IT IS SO ORDERED
Passed by the City Council on first reading this 26th day of ........;Ma.=y~--· 2005 .
Passed by the City Council on second reading this 9th day of June '2005.
TOM MARTIN, MAYOR PRO TEM
ATTEST:
a~.·~-Rebecca Garza, City S~
APPROVED AS TO CONTENT:
-df:"-~ Lee Dumbauld
Chief Financial Officer
APPROVED AS TO FORM:
Richard K. Casner
First Assistant City Attorney
mllccdocs!BudgetFY040S.Amend 12.ord
May20,2005
91075 Tract 1A
Ordinance No. 2005-00053
City of Lubbock, TX
FY200S Budget
Capital Budget
TIF Capital Project Fuads
Sum1112ry of Revenues and Expenditures
Exhibit A
This project funds Street Reconstruction/Resurfacing , landscaping in the parkway, watert.otastewater relocation and e~c utility removal and relocation underground for Tract 1A in
the NO!'th Overton TIF.
Funding Soun:. Funding to Data FY 2004-2005 FY 2005.2006 FY 2006-2007 FY 2007-2008 FY 2008-2009 Total Funding
FY 2005 Cenificate of Obligation Soods $ 212,232 • $ 212,232
Total Fundlng/ProJeet Cost s 212,232 • $ 212,.232
City of Lubbock, TX
F¥2004-05 Budget
Abandoned Vehicle Fund
Summary of Revenues and Expenditures
APPROVED
BUDGET
ACCOUNT DESCRIPTION FY05
Revenues:
Abandoned Vehicle Fund Balance $ 250,000
Sale of Vehicles
Total $ 250,000
Expenditures:
Equipment for law enforcement use $ 150,000
Communication equipment 25,000
Other Equipment/Capital 75,000
Total $ 250,000
Variance $
AMENDED
BUDGET
FYOS
250,000
50,000
300,000
150,000
25,000
125,000
300,000