HomeMy WebLinkAboutOrdinance - 2016-O0013 - Budget Amendment 12 - 02/11/2016First Reading
Item No. 5.2
Second Reading
Item 5.1
January 28, 2016 February 11, 2016
ORDINANCE NO. 2016-00013
AN ORDINANCE AMENDING THE FY 2015-16 BUDGET FOR MUNICIPAL
PURPOSES RESPECTING THE CAPITAL PROGRAM TO AMEND CAPITAL
IMPROVEMENT PROJECT (CIP) 92248, STREET MAINTENANCE PROGRAM;
AND RESPECTING THE GENERAL FUND TO INCREASE THE TRANSFER TO
CIP; 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 2015-16
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 2015-16 (Budget Amendment 412) for
municipal purposes, as follows:
Amend Capital Improvement Project 92248, Street Maintenance Program, by
decreasing the FY 2016 10 -Year Tax Revenue Certificates of Obligation by
$4,760,813, from $7,832,650 to $3,071,837; and increasing the FY 2016
General Fund Pay -As -You -Go by $4,760,813, from $2,080,485 to $6,841,298.
II. Amend the FY 2015-16 General Fund Operating Budget by increasing the
transfer to CIP by $4,760,813, from $5,449,485 to $10,210,298.
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.
Passed by the City Council on first reading on January 28, 2016
Passed by the City Council on second reading on February 11, 2016
,4&/
GL E OB RTSON, MAYOR
ATTEST:
Rebcca Garza
City ecretary
APPROVED AS TO CONTENT:
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Cheryl Arock
Executive Director of Budget
Attorney
ccdocsBudgetFY I516.Amend I lord
January 14, 2016