HomeMy WebLinkAboutOrdinance - 2016-O0099 - Budget Amendment 34 - 07/14/2016FirstReading SecondReading
June 23. 2016 July 14,2016
Item No.5.3 Item No.6.2
ORDINANCE NO.2016-00099
AN ORDINANCE AMENDING THE FY 2015-16 BUDGET FOR MUNICIPAL
PURPOSES RESPECTING THE NORTH AND EAST LUBBOCK
NEIGHBORHOOD AND INFRASTRUCTURE FUND TO APPROPRIATE
ADDITIONAL REVENUE FROM OIL AND GAS ROYALTIES AND INCREASE
THE APPROPRIATION TO THE NORTH AND EAST LUBBOCK CDC;AND
RESPECTING THE CENTRAL BUSINESS DISTRICT TIF FUND TO INCREASE
THE TRANSFER FROM THE NORTH AND EAST LUBBOCK NEIGIIBORHOOD
AND INFRASTRUCTURE FUND;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
WFIEREAS,the City Council deems it advisable to change the FY 2015-16
Budget for municipal purposes and reallocate funds as follows: NOW.II1LRHFORE.
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 #34) for
municipal purposes,as follows:
1.Amend the North and East Lubbock Neighborhood and Infrastructure Fund by
increasing the appropriation for Oil and Gas Royalties revenue by $161,814.
from $310,222 to $472,036.
II. Amend the North and East Lubbock Neighborhood and Infrastructure Fund by
increasing the appropriation for North and East Lubbock CDC by $130,880.
from $232,667 to $363,547:and increasing the Transfer to CBD TIF by
$30,934,from $77,556 to $108,490.
III. Amend the Central Business District (CBD) TIF Fund by increasing the
Transfer from the North and East Lubbock Neighborhood and Infrastructure
Fund by $30,934,from $77,556 to $108,490.
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 23, 2016
Passed by the City Council on second reading on July 14, 2016
tea.
DANIEL M. POPE, MAYOR
ATTEST:
ebecca Gar
City Secretary
APPROVED AS TO CONTENT:
L
Cheryl Br ck
Executive Director of Budget
APPROVED AS TO FORM:
Assis�,a2ity Attorney
ccdocs/BudgetFY 1516.Amend34.ord
June 9, 2016