HomeMy WebLinkAboutOrdinance - 2003-O0001 - Changes In FY 02-03 Budget; Risk Mgt Fund Changed To Act Of Terrorism Insurance - 01/09/2003First Reading
January 9,. 2003
Item No. 35
Second Reading
January 23,. 2003
Item No. 14
ORDINANCE NO. 2003-00001
AN ORDINANCE MAKING CHANGES IN THE FY 2002-03 BUDGET OF THE
CITY OF LUBBOCK FOR MUNICIPAL PURPOSES.
WHEREAS, Section 102.010 of the Local Government Code of the State of
Texas authorizes City Councils to make changes in 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 2002-03
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 the
following changes to the City of Lubbock FY 2002-03 Budget for municipal purposes:
Revenue and Expenditures in the Risk Management Fund will be changed to
account for terrorism insurance coverage. The use of fund balance will be used to
fund the additional insurance. The additional coverage will be added to the
property premium as well as the liability coverage. Exhibit A contains the
specific changes to be made to the FY 2002-03 Budget and shall be and is hereby
made a part of this Ordinance as if fully copied herein in detail.
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
anuary 2003.
January , 2003.
ATTEST:
~~ Rebecca Garza, City Secretary ~
APPROVED AS TO CONTENT:
Melissa Trevino
Budget Manager
APPROVED AS TO FORM:
1er
First Assistant City Attorney
DD/BudAmendOrd
January 2, 2003
Ordinance No. 2003-00001 CITY OF LUBBOCK
SUMMARY OF REVENUES AND EXPENDITURES
SELF INSURANCE RISK MANAGEMENT FUND
ACCOUNT DESCRIPTION
REVENUE
Utilization of Fund Balance
Interest on Investments
Ref-Misc Recoveries of Exp
Prem-Workers Comp Claims
Prem-Prop Premiums to Depts
Prem-Liability Prem to Dept
Prem-Surety & Notary
Utilization of Fund Balance
TOTAL REVENUE
OPERATING EXPENDITURES
Self Insurance Risk
TOTAL OPERATING EXPENDITURES
OTHER EXPENDITURES
Workers Comp Prem Pymts
Liability Insurance
Work Comp Admin
Work Comp Claims
Automobile Liability
General Liability
Fire Cas and Boiler
Insur Deductible
Sur & Notary Bonds
Property Premiums
Public Official Bonds
Prior Workers Comp Claims
Prior Auto Liab Claims
Prior General Liab Claims
Outside Legal Service
Professional Services
Gains/Losses
TOTAL OTHER EXPENDITURES
REIMBURSEMENTS
Reimbursement Other Charges
Reimbursement Workers Comp
TOTAL REIMBURSEMENTS
RESERVES AND RETAINAGES
Past Claims-Future Pymnts
TOT AL RESERVES/RET Al NAG ES
TOTAL FUND EXPENDITURES
REMAINING BALANCE
APPROVED REVISED
2002-03 2002-03
0
276,106
10,000
2,510,290
1,269,542
2,388,137
0
0
6,454,075
423,836
423,836
1,950,000
576,011
25,000
0
200,000
500,000
5,000
4,500
0
1,140,883
11,457
500,000
150,000
250,000
20,000
0
0
5,332,851
0
0
0
697,388
697,388
6,454,075
0
125,000
276,106
10,000
2,510,290
1,269,542
2,388,137
0
0
6,579,075
423,836
423,836
1,950,000
611,011
25,000
0
200,000
500,000
5,000
4,500
0
1,230,883
11,457
500,000
150,000
250,000
20,000
0
0
5,457,851
0
0
0
697,388
697,388
6,579,075
0
Exhibit A