HomeMy WebLinkAboutOrdinance - 2014-O0094 - Budget FY 2013-14 Amendment #30 - 07/14/2014First Reading
June 26, 2014
Item No. 5.1
ORDINANCE NO. 2014-00094
Second Reading
July 10, 2014
Item No. 6.4
AN ORDINANCE AMENDING THE FY 2013-14 BUDGET FOR MUNICIPAL
PURPOSES RESPECTING THE OPERATING BUDGET FOR MARKET
LUBBOCK, INC. (MLI) - LUBBOCK CONVENTION AND VISITORS BUREAU
(VISIT LUBBOCK) AND MLI - LUBBOCK SPORTS AUTHORITY;
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 #30) for
municipal purposes, as follows:
I. Approve the amendments to the Adopted FY 2013-14 Operating Budget for
Market Lubbock, Inc. (MLI) - Lubbock Convention and Visitors Bureau, as
illustrated in Exhibit A.
II. Approve the amendments to the Adopted FY 2013-14 Operating Budget for
MLI - Lubbock Sports Authority, as illustrated by Exhibit A.
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
June 26, 2014
Passed by the City Council on second reading on July 10, 2014
Q4 t, ""�
Jim Gerlvfmayor Pro Tem
ATTEST:
P-.� -n--t
Reb ca Garza
City Secretary
APPROVED AS TO CONTENT:
Cheryl Brock
Executive Director of Budget
APPROVED AS T FORM:
LVMitc-hell Sattite
Assistant City Attorney
ccidocs.1BudgetFY1314 Amend30 ord
June 11, 2014
City of Lubbock, TX
Fiscal Policy Department
Market Lubbock Inc. - Convention and Visitors Bureau
Proposed FY 2013-14 Budget Revision
EXHIBIT A
FUNDING SOURCES
Interest Earnings
Hotel/Motel Tax
Hotel/Motel Tax True -Up
Sale of Promotional Items
Advertising Income
Grant from Lubbock Sports Authority
Other Income
Total Revenue Sources
Utilization of Net Assets
TOTAL FUNDING SOURCES
EXPENSES
Compensation
Benefits
Marketing & Promotions
Maintenance & Operations
Professional Services
Capital Outlay
Special Projects
Incentives
Grant to Lubbock Sports Authority
TOTAL EXPENSES
Approved Budget
FY 2013-14
$ 4,740
2,464,819
3,500
34,000
Proposed Revised
FY 2013-14
4,740
2,464,819
206,433
3,500
34,000
Change
from Approved
206,433
2,507,059
2,713,492 206,433
38,521
- (38,521)
2,545,580
2,713,492 167,912
721,980
776,980
55,000
142,780
155,288
12,508
956,225
1,062,619
106,394
222,836
233,036
10,200
89,675
89,675
-
8,500
8,500
-
110,000
110,000
-
293,584
277,394
(16,190)
$ 2,545,580
2,713,492
167,912
City of Lubbock, TX
Fiscal Policy Department
Market Lubbock Inc. - Lubbock Sports Authority
Proposed FY 2013-14 Budget Revision
EXHIBIT A
EXPENSES
Approved Budget
Proposed Revised
Change
FUNDING SOURCES
FY 2013-14
FY 2013-14
from Approved
Interest Earnings
$ 1,260
1,260
-
Hotel/Motel Tax
772,202
772,202
-
Hotel/Motel Tax True -Up
-
65,463
65,463
Event Revenue
35,000
35,000
-
Grant fromVisit Lubbock
293,584
277,394
(16,190)
Total Revenue Sources
1,102,046
1,151,319
49,273
Utilization of Net Assets
6,798
-
(6,798)
TOTAL FUNDING SOURCES
1,108,844
1,151,319
42,475
EXPENSES
Compensation
208,300
208,300 -
Benefits
35,520
35,520 -
Marketing & Promotions
218,375
259,050 40,675
Maintenance & Operations
39,324
41,124 1,800
Professional Services
15,825
15,825 -
Capital Outlay
1,500
1,500 -
Servicing
590,000
590,000 -
Grant to Visit Lubbock
-
- -
TOTAL EXPENSES
$ 1,108,844
1,151,319 42,475