HomeMy WebLinkAboutOrdinance - 2005-O0077 - Making Changes In The FY 2005-05 Budget Of The City Of Lubbock For Municipal Pur - 07/14/2005First Reading
July 14, 2005
Item 44
ORDINANCE NO. 2005-00077
Second Reading
July 28, 2005
Item 9
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 #15) for
municipal purposes as set forth, as follows:
1. Increase funding in Taxiway Lima Project in the Airport Capital Projects
Fund from $10,910,865 to $11,449,399. The project will be funded with
90% Airport Improvement Program (AlP) funds and 10% Passenger Facility
Charges (PFC); original project funding showed 95% AlP funds and 5%
PFC. The project funding will be revised as follows: 90% AlP
$10,304,459 and 10% PFC $1,144,940. The total project budget will be
$11,449,399, an increase to the budget of $538,534.
2. Appropriate fund balance of $20,000 in the Environmental Compliance Fund
and transfer $40,000 from UST Testing Remediation project to the Police
Firing Range Remediation Project in the General Facilities and System
hnprovement Capital Projects Fund.
3. Increase Abandoned Motor Vehicle Fund budget by $250,000 to
accommodate cost of towing services. The $250,000 in revenue will come
from the sale of vehicles.
4. Transfer $60,000 from the Water Treatment Plant Upgrade Project in the
Water Capital Projects Fund to a new project, Stormwater Study and Water
Supply Needs/Permit Application, in the same fund.
5. Appropriate fund balance of $25,000 in the Stonnwater Operating Fund to
the Concrete Drainage Channel Project in the Storrnwater Capital Projects
Fund.
6. Establish or revise budgets in the Sewer, Parks, Airport, and Streets
Capital Project funds associated with the sale of 2005 Certificate of
Obligation Bonds. The following project budgets shall be revised to
include the newly authorized bonds.
Fund
Sewer
Sewer
Parks
Airport
Streets
Project Name
SEWRPRehab
Lift Station
Replacement
Girls Softball Complex
Airport Parking Lot
Municipal Drive -
Elder A venue
Rebuilding Project
2005
Certificate of
Obligation
Bonds
$425,000
100,000
4,000,000
3 '000' 000
1,765,000
Amended
Budget
$425,000
300,000
4,000,000
4,425,000
1,765,000
The Airport Parking Lot project budget also needs to be revised to include
an additional $1,300,000 appropriation from 1998 AlP Bonds that are being
reallocated. The final amended budget for the Airport Parking Lot project
is $4 ,425,000; funded $3,000,000 by 2005 Certificate of Obligation Bonds,
$1,300,000 funded by 1998 A/P Bonds, and $125,000 from Passenger
Facility Charge.
7. Establish or revise budgets in the Public Safety, Parks, and Streets Capital
Project funds associated with the sale of 2005 General Obligation Bonds.
The following project budgets shall be revised to include the newly
authorized bonds.
2005 General
Fund Project Name Obligation Amended
Bonds Budget
Public Fire Station #8 1,325,000 $1,446,234
Saf
Parks MLK Little League 1,548,000 1,664,000
Complex
Parks Midwest Little League 1 '664 '000 1,664,000
Parks Southwest Lubbock 1,130,000 1,130,000
Soccer
Streets N/E Lbk Infrastructure 475,000 475,000
8. Appropriate fund balance of $14,000 in the Facilities Management Fund to
the Facilities Management Operating Cost Center for the purchase of a used
aerial device.
9. Appropriate $175,000 in the Hotel/Motel Fund for the 2005 Lubbock Fall
FestivaL
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 14m day of July, 2005.
Passed by the City Council on second reading this 28m day
ATTEST:
~d<.<L•~ Re ecca Garza, City Secretary
APPROVED AS TO FORM:
A£~,
Richard K. Casner """"
First Assistant City Attorney
ml/ccdocs/BudgetFY04<15.Amend15.ord
July 22. 2005
UGAL, MAYOR