HomeMy WebLinkAboutOrdinance - 2014-O0039 - Amending FY 2013-14 Budget Amendment #16 - 03/27/2014First Reading
March 13, 2014
Item No. 5.5
ORDINANCE NO. 2014-00039
Second Reading
March 27, 2014
Item No. 5.1
AN ORDINANCE AMENDING THE FY 2013-14 BUDGET FOR MUNICIPAL
PURPOSES RESPECTING THE CAPITAL PROGRAM IN THE LUBBOCK
POWER AND LIGHT (LP&L) ENTERPRISE FUND PER RECOMMENDATION
BY THE ELECTRIC UTILITY BOARD ON MARCH 3, 2014, TO AMEND
CAPITAL IMPROVEMENT PROJECT (CIP) 92330, 69 KV TRANSMISSION
LINE RECONDUCTORING; AMEND CIP 92333, COOKE STATION OUTAGE;
ESTABLISH AND APPROPRIATE FUNDING FOR CIP 92357, COOKE
STATION OUTAGE - MEDIUM-TERM; ESTABLISH AND APPROPRIATE
FUNDING FOR CIP 8590, COOKE STATION OUTAGE - SHORT-TERM;
AMEND CIP 92334, MASSENGALE OUTAGE; ESTABLISH AND
APPROPRIATE FUNDING FOR CIP 8591, MASSENGALE STATION OUTAGE -
MEDIUM-TERM; AMEND CIP 92335, BRANDON OUTAGE; AMEND CIP
92336, GENERAL PLANT OUTAGE; AMEND CIP 92337, FY 2013-14
DISTRIBUTION TRANSFORMERS; AMEND CIP 92339, FY 2013-14
UNDERGROUND ELECTRIC; AMEND CIP 92340, FY 2013-14 OVERHEAD
LINES; AMEND THE LP&L OPERATING FUND; 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 #16) for
municipal purposes, as follows:
1. Amend Capital Improvement Project 92330, 69 kV Transmission Line
Reconductoring, by decreasing the funding in the amount of $1,400,000, from
$1,500,000 to $100,000. Amend the funding source by changing it from FY
2014 LP&L Revenue Bonds to FY 2014 LP&L Pay -As -You -Go.
II. Amend Capital Improvement Project 92333, Cooke Station Outage, by
changing the name to "Cooke Station Outage — Long -Term" and by
decreasing the funding by $3,600,000, from $4,850,000 to $1,250,000.
III. Establish Capital Improvement Project 92357, Cooke Station Outage —
Medium -Term, and appropriate funding in the amount of $750,000. The
funding source will be 10 -year revenue bonds.
IV. Establish Capital Improvement Project 8590, Cooke Station Outage Short -
Term, and appropriate funding in the amount of $500,000. The funding
source will be FY 2014 LP&L Pay -As -You -Go.
V. Amend Capital Improvement Project 92334, Massengale Outage, by changing
the name to "Massengale Station Outage - Long -Term" and by decreasing the
funding in the amount of $650,000, from $1,500,000 to $850,000. The
funding source remains FY 2014 LP&L Revenue Bonds.
VI. Establish Capital Improvement Project 8591, Massengale Station Outage -
Medium -Term, and appropriate funding in the amount of $350,000. The
funding source will be FY 2014 10 -Year LP&L Revenue Bonds.
VII. Amend Capital Improvement Project 92335, Brandon Outage, by changing
the funding source from FY 2014 LP&L Revenue bonds to FY 2014 LP&L
Pay -As -You -Go.
VIII. Amend Capital Improvement Project 92336, General Plant Outage, by
decreasing the funding in the amount of $1,100,000, from $1,100,000 to $0.
IX. Amend Capital Improvement Project 92337, FY 2013-14 Distribution
Transformers, by changing the funding source from FY 2014 LP&L Pay -As -
You -Go to FY 2014 10 -Year LP&L Revenue Bonds.
X. Amend Capital Improvement Project 92339, FY 2013-14 Underground
Electric, by changing the funding source from FY 2014 LP&L Pay -As -You -
Go to FY 2014 10 -Year LP&L Revenue Bonds.
XI. Amend Capital Improvement Project 92340, FY 2013-14 Overhead Lines, by
changing the funding source as follows: decreasing FY 2014 LP&L Pay -As -
You -Go by $1,055,000, from $1,450,000 to $395,000; and adding $1,055,000
FY 2014 10 -Year LP&L Revenue Bonds.
XII. Amend the Lubbock Power and Light (LP&L) Operating Fund by decreasing
the transfer to the Capital Project Fund by $1,755,000, from $10,789,250 to
$9,034.250.
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 March 13 2014
Passed by the City Council on second reading on
ATTEST:
Rebt
ca Garza
Cityecretary
APPROVED AS TO CONTENT:
Cheryl Brock
Executive Director of Budget
APPROVED AS TO FORM:
Amy
Assi t City Attorney
ccdocs'BudgetFY1314 Amendl6ord
March 3, 2014
March 27, 2014