HomeMy WebLinkAboutOrdinance - 2014-O0031 - Budget Amendment 15 - 03/13/2014First Reading
February 27, 2014
Item No. 5.6
ORDINANCE NO. 2014-00031
Second Reading
March 13, 2014
Item No. 5.4
AN ORDINANCE AMENDING THE FY 2013-14 BUDGET FOR MUNICIPAL
PURPOSES RESPECTING THE BUDGET IN THE WATER OPERATING FUND
BY INCREASING EXPENSES FOR EQUIPMENT PURCHASE; INCREASE THE
UTILIZATION OF NET ASSETS; AND RESPECTING THE FY 2013-14
MASTER LEASE; PROVIDING FOR FILING; AND PROVIDING FOR A
SAVINGS CLAUSE.
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 and departments; and
WHEREAS, the City Council deems it advisable to change the FY 2013-14
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 2013-14 (Budget Amendment #15) for
municipal purposes, as follows:
I. Amend the FY 2013-14 Master Lease by decreasing the Approved Master
Lease for the Water Fund by $638,000. This will decrease the Total
Approved Master Lease from $12,363,577 to $11,725,577. The remaining
equipment to be purchased for the Water Fund will be purchased utilizing
cash instead of master leasing the items.
II. Amend the FY 2013-14 Water Operating Budget by increasing the
appropriation for Capital Outlay by $692,000, from $493,133 to $1,185,133,
and increase the utilization of net assets by $692,000, from $0.00 to $692,000.
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.
SECTION 3. THAT should any section, paragraph, sentence, clause, phrase
or word of this Ordinance be declared unconstitutional or invalid for any reason, the
remainder of this Ordinance shall not be affected thereby.
AND IT IS SO ORDERED
Passed by the City Council on first reading on
Passed by the City Council on second reading on
GL C. RO ERTSON, MAYOR
ATTEST:
Rebec a Garza
City Secretary
APPROVED AS TO CONTENT:
aAvx—� -
Cheryl Brock
Executive Director of Budget
APPROVED AS TO FORM:
lAoty Attorney
ccdocs/BudgetFY 1314.Amend 15.ord
February 19, 2014