HomeMy WebLinkAboutResolution - 2001-R0503 - Amendments To City Of Lubbock Budget In Community Investment Fund - 12/03/2001Resolution No. 2001-80503
December 3, 2001
Item No. 28
RESOLUTION
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 Manager is
authorized to make transfers between funds, accounts, departments or programs for City
purposes; and
WHEREAS, the City Council deems it advisable to change the budget for
municipal purposes and reallocate funds as follows; NOW THEREFORE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT the City Manager of the City of Lubbock is hereby
authorized and directed to make the following changes to the City of Lubbock Budget for
municipal purposes:
Revenue and Expenditures in the Community Investment Fund will be changed to
account for two supplemental grant agreements by and between the City of Lubbock and
Market Lubbock Inc. The attached outlines the specific changes.
SECTION 2. THAT a copy of the change made to the City of Lubbock Budget
pursuant to the Resolution shall be filed with the City Secretary and County Clerk of
Lubbock as required by law.
Passed by the City Council this 3rd day of December , 290 .
k--,
WINDY SITVN, MAYOR
ATTEST:
Rebecca Garza, City Secretary
APPROVED AS TOC NTENT:
ebra Forte', D puty City Manager
APPROVED AS TO FORM:
Amy Lflims ssi t City Attorney
ALS:cp L:1Cityatt\Amy\BudgetChanges.Res & ccdocs
November 27, 2001
SUMMARY OF REVENUES AND EXPENDITURES
COMMUNITY INVESTMENT FUND
Beginning Fund Balance
REVENUES:
Bond Sale
Interest on Investment -Reese
Transfer from General Fund
Transfer from Electric Fund
Transfer from Water Fund
Transfer from Sewer Fund
Transfer from Solid Waste Fund
TOTAL REVENUES:
OPERATING EXPENDITURES:
Contribution to Reese (5 Yr)
Freeport
Ports to Plains
Technology Project - BSL4
Project T
Transfer to Econ Dev - MLI for LRRA
Prospect
Fleming/et.al
Total Operating Expenditures
Remaining Balance
Resolution No. 2001-RO503
PROJ ACTUAL ORIGINAL REVISED Variance PROJECTED
2000-01 2001-02 2001-02 to Orig 2002-03
4,893,325
5,320,228
6,064,275
744,047
4,561,020
0
10,000,000
0
(10,000,000)
250,000
60,865
22,000
22,000
0
0
647,817
672,552
672,552
0
672,552
0
1,029,323
1,029,323
0
1,029,323
301,797
313,889
313,889
0
313,889
172,874
179,135
179,135
0
179,135
1,163,775
1,157,131
1,157,131
0
1,157,131
2,347,128 13,374,030 3,374,030 (10,000,000) 3,352,030
500,035
456,285
456,285
0
434,410
226,143
250,000
250,000
0
250,000
0
121,000
121,000
0
121,000
0
2,500,000
50,000
(2,450,000)
400,000
0
1,000,000
1,000,000
0
1,000,000
450,000
550,000
0
(93,715)
0
0
10,000,000
0
(10,000,000)
0
0
0
3,000,000
3,000,000
0
1,176,178
14,877,285
4,877,285
(10,000,000)
2,205,410
6,064,275 3,816,973 4,561,020 744,047 5,707,640
12/10/01
Resolution No. 2001-80503
December 3, 2001
Item No. 28
RESOLUTION
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 Manager is
authorized to make transfers between funds, accounts, departments or programs for City
purposes; and
WHEREAS, the City Council deems it advisable to change the budget for
municipal purposes and reallocate funds as follows; NOW THEREFORE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT the City Manager of the City of Lubbock is hereby
authorized and directed to make the following changes to the City of Lubbock Budget for
municipal purposes:
Revenue and Expenditures in the Community Investment Fund will be changed to
account for two supplemental grant agreements by and between the City of Lubbock and
Market Lubbock Inc. The attached outlines the specific changes.
SECTION 2. THAT a copy of the change made to the City of Lubbock Budget
pursuant to the Resolution shall be filed with the City Secretary and County Clerk of
Lubbock as required by law.
Passed by the City Council this 3rd day of December 2 0
WINDY SITION MAYOR
ATTEST:
Rebecca Garza, -City Secretary
APPROVED AS TOC NTENT:
IV& �, �(jI r
ebra Forte', D puty City Manager
APPROVED AS TO FORM:
Amy Ltims ssi t City Attorney
ALS:cp L:\Cityatt\Amy\BudgetChanges.Res & ccdocs
November 27, 2001
SUMMARY OF REVENUES AND EXPENDITURES
COMMUNITY INVESTMENT FUND
Beginning Fund Balance
REVENUES:
Bond Sale
Interest on Investment -Reese
Transfer from General Fund
Transfer from Electric Fund
Transfer from Water Fund
Transfer from Sewer Fund
Transfer from Solid Waste Fund
TOTAL REVENUES:
OPERATING EXPENDITURES:
Contribution to Reese (5 Yr)
Freeport
Ports to Plains
Technology Project - BSL4
Project T
Transfer to Econ Dev - MLI for LRRA
Prospect
Fleming/et.al
Total Operating Expenditures
Remaining Balance
Resolution No. 2001-RO503
PROD ACTUAL ORIGINAL REVISED Variance PROJECTED
2000-01 2001-02 2001-02 to Orig 2002-03
4,893,325 5,320,228 6,064,275 744,047 4,561,020
0
10,000,000
0
(10,000,000)
434,410
60,865
22,000
22,000
0
0
647,817
672,552
672,552
0
672,552
0
1,029,323
1,029,323
0
1,029,323
301,797
313,889
313,889
0
313,889
172,874
179,135
179,135
0
179,135
1,163,775
1,157,131
1,157,131
0
1,157,131
2,347,128 13,374,030 3,374,030 (10,000,000) 3,352,030
500,035
456,285
456,285
0
434,410
226,143
250,000
250,000
0
250,000
0
121,000
121,000
0
121,000
0
2,500,000
50,000
(2,450,000)
400,000
0
1,000,000
1,000,000
0
1,000,000
450,000
550,000
0
(93,715)
0
0
10,000,000
0
(10,000,000)
0
0
0
3,000,000
3,000,000
0
1,176,178
14,877,285
4,877,285
(10,000,000)
2,205,410
6,064,275 3,816,973 4,561,020 744,047 5,707,640
12/10/01