HomeMy WebLinkAboutOrdinance - 2017-O0045 - Budget Amendment 21 - 04/27/2017First Reading
April 13, 2017
Item No. 6.3
W1bA1=fflM0 . I 1-11
Second Reading
April 27, 2017
Item No. 6.3
AN ORDINANCE AMENDING THE FY 2016-17 BUDGET FOR MUNICIPAL PURPOSES
RESPECTING THE CAPITAL PROGRAM TO AMEND CAPITAL IMPROVE PROJECT
(CIP) 92435, STREET MAINTENANCE PROGRAM PHASE II; RESPECTING THE
GENERAL FUND TO INCREASE THE TRANSFER TO GENERAL FUND CAPITAL
PROGRAM; 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 #21) for municipal purposes,
as follows:
I. Amend Capital Improvement Project 92435, Street Maintenance Program Phase II, by
decreasing the FY 2017 10 -Year Tax Revenue Certificates of Obligation by $5.395,392,
from $5,395,392 to $0, increasing FY 2017 7 -Year Tax Revenue Certificates of
Obligation by $4,395,392, from $0 to $4,395,392; and increasing the FY 2017 General
Fund Cash by $1,000,000, from $1,604,608 to $2,604,608.
II. Amend the FY 2016-17 General Fund Operating Budget by increasing the transfer to
CIP by $1,000,000, from $3,674,913 to $4,674,913.
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 April 13, 2017
Passed by the City Council on second reading onApril 27, 2017
DANIEL M. POPE, MAYOR
ATTEST:
Reb cca Garza
City Secretary
APPROVED AS TO CONTENT:
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Cheryl Bfock
Executive Director of Budget
APPROVED AS TO FORM:
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Amy
Assistant ' y Attorney
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March 29. 2017