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HomeMy WebLinkAboutOrdinance - 2017-O0009 - Budget Amendment 11 - 02/09/2017First Reading Item No. 6.4 January 26, 2017 ORDINANCE NO. 2017-00009 Second Reading Item No. 5.2 February 9, 2017 AN ORDINANCE AMENDING THE FY 2016-17 BUDGET FOR MUNICIPAL PURPOSES RESPECTING THE RISK MANAGEMENT FUND TO INCREASE EXPENDITURES IN THE PROPERTY SELF-INSURANCE COST CENTER; 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 2016-17 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 2016-17 (Budget Amendment #11) for municipal purposes, as follows: I. Increase Property Premiums expenditures in the Property Self -Insurance Cost Center by $462,528, from $1,269,136 to $1,713,314. 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 January 26. 2017 Passed by the City Council on second reading on February 9, 2017 DANIEL M. POPE, MAYOR ATTEST: .0 4x,." - - Retie ca Garza City cretary APPROVED AS TO CONTENT: 0,&Y - Cheryl Arock Executive Director of Budget APPROVED AS TO FORM: t!ily Attorney ccdocs BudgetFY1617.Amend I I ord September 19, 2017