HomeMy WebLinkAboutOrdinance - 2004-O0137 - Changes To FY 04-05 Budget-Transfer To General Fund Balance: $3,874,030 - 11/18/2004First Reading
November 18, 2004
Item No. 36
ORDINANCE NO. 2004-00137
Second Reading
December 7, 2004
Item No. 14
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 FY 2004-05 Budget for municipal purposes as set forth
in Exhibit "A", attached hereto and made a part hereof for all purposes.
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 18th day of November , 2004.
Passed by the City Council on second reading this 7th day of December , 2004.
ATTEST:
~'.0.-o RebccaGarza,City Secretary
APPROVED AS TO CONTENT:
CFO I Assistant City Manager
APPROVED AS TO FORM:
Richard K. Casner
First Assistant City Attorney
ke/ccdocs/ BudAmendFY0405.don't know.ord
November 9, 2004
Exhibit A Ordinance No. 2004-00137
Resources Available
September 30, 2004 Cash and Investments
Less:
Accounts Payable
City of Lubbock, TX
Risk Management Internal Service Fund
FY2004-0S Proposed Revised Budget
FY03 Actual FY04 Original FY04 Revised
Actuarial Liability (PV@ 90% confidence)
and Non-insurance Reserves
Fund Balance Available
Revenues
Utilization of Fund Balance 116,474
Interest on Investments 160,971 110,430 85,465
Recoveries 54 1,000 1,000
Defensive Driving Training
Workers Comp Premiums 2,511,008 2,459,955 2,459,955
Property Premiums 1,060,259 1,252,760 1,252,760
Liability Premiums 2,211,536 2,336,332 2,336,332
Total Revenues 5,943,828 6,160,477 6,251,986
Total Resources A vailab1e
Expenditures
Risk Department Operations 426,321 494,530 301,009
Workers Comp Premium 1,782,642 2,195,831 2,195,831
Workers Comp TPA (pre 4-15-99) 184,397 25,000 25,000
Liability fnsurance 633,452 680,580 580,580
Liability TPA
Claims 753,856 1,355,000 1,725,609
Property Claims under SIR 100,000 100,000
Property Premiums 1,235,161 1,252,760 1,252,760
Public Official Bonds 11,430 11,457 11,457
Outside Legal Service 34,839 2,500 2,500
Capital Equipment 17,227
Broker Services 57,240
Reimbursements, Reserves and Retainages 10,988 42,819
Total Expenditures 5,090,313 6,160,477 6,251,986
Funds Available for Transfer to the General Fund-Fund Balance
11 /912004 FYOS Risk Amendmenl.110504_ 1
FY05 Proposed
FY05 Adopted Revised
$ 12,374,244
(193,727)
(7,642,762)
4,537,755
296,177
182,784 182,784
500 500
1,000 1,000
1,696,528 1,696,528
1,345,790 1,096,542
2,281,536 2,209,317
5,804,315 5,186,671
9,724,426
221,028 221,028
1,868,649 1,868,649
20,000 20,000
592,921 516,292
115,595
1,655,000 1,966,047
100,000 100,000
1,252,760 951,285
11,457 11,500
2,500
80,000 80,000
5,804,315 5,850,396
$ 3,874,030