HomeMy WebLinkAboutOrdinance - 2005-O0074 - Ordinance Making Changes In The FY 2004-05 Budget (Amendment #14) Municipal - 06/23/2005First Reading
June 23, 2005
Item42
ORDINANCE NO. 200s-o0074
Second Reading
July 14, 2005
Item 12
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 #14) for
municipal purposes as set forth, as follows:
1. Amend the Budget to establish a new capital project in the Traffic Capital
Projects Fund in the amount of$110,000 for road improvements on West 19th.
The funding will come from TxDOT reimbursement to the City of Lubbock
for certain traffic signal equipment and installation cost at this intersection
through an intergovenunental agreement as a separate agenda item on this city
council agenda.
2. Appropriate fund balance of $95,683 in the Economic Development Fund to
Market Lubbock. Fund balance in the amount of $95,683 will be forwarded
to Market Lubbock. This will true up this pass-through of their share of the
property tax.
3. Amend the Budget to transfer $262,980 from Condensate Collection Project
to Gas Extraction System Project in the Solid Waste Capital Projects Fund for
a new total budget amount of $762,980.
I I
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 23rd day of June 2005.
ATTEST:
~D9h"'&• .~ Reb ca Garza, C1ty Secretary \
APPROVED AS TO CONTENT:
APPROVED AS TO FORM:
A;Pcf' ---,
Richard K. Casner
First Assistant City Attorney
mllccdocs/BudgetFY0405.Amend 14.ord
June 17, 2005