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Home My WebLink AboutOrdinance - 2005-O0100 - Amending The FY 2004-05 Budget 1. Gen. Fund 2. Grant 3. Risk 4. Debt 5. Airport - 08/25/2005First Reading August 25, 2005 ItemS5A ORDINANCE NO. 2005-oOIOO Second Reading September 8, 2005 Item 10 AN ORDINANCE AMENDING THE FY 2004-05 BUDGET FOR MUNICIPAL PURPOSES RESPECTING 1) GENERAL FUND; 2) GRANT FUND; 3) RISK MANAGEMENT FUND; 4) DEBT SERVICE FUND; AND 5) AIRPORT FUND. (AMENDMENT #17) 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 pwposes; 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 #17) for municipal purposes as set forth, as follows: l. Efforts related to locating the George W. Bush Presidential Library to Lubbock, Texas will be funded from the General Fund in the amount of $50,000. 2. Accept and appropriate grant from the Texas State Library and Archives Commission (TSLAC) to upgrade part of library computer system in an amount up to $7,554 from the Texas State Library Archives Commission "Staying Connected" Grant. The required local matching funds is $3,774 to be paid from already authorized funding in the General Fund. 3. Transfer $450,000 from the Risk Management Fund to the Debt Service Fund to call the portion of Tax and Airport Surplus Revenue Certificates of Obligation, Series 1993 that were used to finance the hangar acquisition at the Lubbock Preston Smith International Airport. 4. Transfer $1,275,000 from the Airport Fund (Passenger Facility Charge) to the Debt Service Fund to call the portion of Tax and Airport Surplus Revenue Certificates of Obligation, Series 1993 that were used to finance a taxiway and ramp at the Lubbock Preston Smith International Airport. 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 25th day of August 2005. Passed by the City Council on second reading this 8th day of Septe.ber , 2005. ATTEST: £ciliL¢-<, . ~ - Reb ca Garza, Ctty S~~ APPROVED AS TO CONTENT: LeeDuniliallid Chief Financial Officer APPROVED AS TO FORM: Richard K. Casner ~ First Assistant City Attorney mJ/ccdocs/BudgetFY0405.Amend 17 .ord 1 September I, 2005 £~.MAYOR ~ Pat Kidd -Re: Fwd: 04-05 Budget Amendment Ordinance From: To: Date: Subject: Jeff Yates Lee Ann Dumbauld; Richard Casner 8/30/2005 3:10:36 PM Re: Fwd: 04-05 Budget Amendment Ordinance This is not a "transfer" but is a authorized use of fund balance. So the ordinance should appropriate general fund balance for the support of the GWB Library. Jeffrey A. Yates Director of Fiscal Policy & Strategic Planning City of Lubbock, TX 806.775.2161 fax: 806.775.2033 jyates@ci.lubbock. tx. us »>Richard Casner 08/30/05 1:36PM»> Lee Ann- You are the budget guru and I will certainly defer to you, but it seems to me that there is no amendment to the budget being made unless a separate fund is being created (due to the fact that, with the dias amendment, the "transfer" would be from the General Fund to the General Fund). Is there being created a "GWB Library Support Fund"? Am I totally missing it here? Sorry if I am being dense on this. RKC >>> Lee Ann Dumbauld 08/30/05 11 :46 AM >» It should say that the $50,000 for the GWB Library support will be funded from the General Fund fund balance instead of the originally proposed funding source which was the Environmental Fund. Lee Ann Dumbauld CFO/ACM City of Lubbock 1625 13th St. Lubbock, TX 79401 806.775.2016 »> Richard Casner 08/30/05 11 :43 AM »> I just received a copy of the minutes of the Aug 25 meeting. The amendment from the dias was to remove the $50,000 from the General Fund instead of the Environmental Fund. The Ordinance provides that the subject $50,000 is be transferred to the General Fund. It looks to me like that there has been no budget amendment regarding this $50,000 (i.e., $50,000 be transferred from the General Fund to the General Fund) and that item needs to be deleted from the Ordinance. What are y'alls thoughts? Thanks-RKC >>> Richard Casner 08/30/05 11:19 AM >» Lee Ann and Jeff- I recall that the first reading of the referenced Ordinance had an amendment from the dias. I have asked Pat to get me a copy of the minutes of the meeting last Thursday so that I can draft another Ordinance and incorporate the change. I will e-mail you a copy before I sign it and send it over to you for signatures. Page I I Pat Kidd -Re: Fwd: 04-05 Budget Amendment Ordinance Page I Thanks-RKC CC: Anita Burgess; Pat Kidd I pat Kidd -Re: Fwd: 04-05 Budget Amend '!lent Ordinance From: To: Date: Subject: Jeff Yates Lee Ann Dumbauld ; Richard Casner 8/30/2005 3:10:36 PM Re: Fwd: 04-05 Budget Amendment Ordinance This is not a "transfer" but is a authorized use of fund balance. So the ordinance should appropriate general fund balance for the support of the GWB Library. Jeffrey A. Yates Director of Fiscal Policy & Strategic Planning City of Lubbock, TX 806.775.2161 fax: 806.775.2033 jyates@ci.lubbock. tx.us >»Richard Casner 08/30/051:36 PM>» Lee Ann- You are the budget guru and I will certainly defer to you, but it seems to me that there is no amendment to the budget being made unless a separate fund is being created (due to the fact that, with the dias amendment, the "transfer" would be from the General Fund to the General Fund). Is there being created a "GWB Library Support Fund"? Am I totally missing it here? Sorry if I am being dense on this. RKC >»Lee Ann Dumbauld 08/30/0511:46 AM>» It should say that the $50,000 for the GWB Library support will be funded from the General Fund fund balance instead of the originally proposed funding source which was the Environmental Fund. Lee Ann Dumbauld CFO/ACM City of Lubbock 1625 13th St. Lubbock, TX 79401 806.775.2016 »> Richard Casner 08/30/05 11:43 AM >» I just received a copy of the minutes of the Aug 25 meeting. The amendment from the dias was to remove the $50,000 from the General Fund instead of the Environmental Fund. The Ordinance provides that the subject $50,000 is be transferred to the General Fund. It looks to me like that there has been no budget amendment regarding this $50,000 (i.e., $50,000 be transferred from the General Fund to the General Fund) and that item needs to be deleted from the Ordinance. What are y'alls thoughts? Thanks-RKC > > > Richard Casner 08/30/05 11:19 AM >>> Lee Ann and Jeff- I recall that the first reading of the referenced Ordinance had an amendment from the dias. l have asked Pat to get me a copy of the minutes of the meeting last Thursday so that I can draft another Ordinance and incorporate the change. I will e-mail you a copy before I sign it and send it over to you for signatures. Page I I Pat Kidd -Re: Fwd: 04-05 Budget Amendment Ordinance Page I Thanks-RKC CC: Anita Burgess; Pat Kidd