HomeMy WebLinkAboutOrdinance - 2017-O0080 - Budget Amendment 33 - 07/27/2017First Reading
July 13, 2017
Item No. 6.2
Second Reading
July 27, 2017
Item No. 6.2
AN ORDINANCE AMENDING THE FY 2016-17 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 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 #33) for municipal purposes,
as follows:
Approve the amendments to the adopted FY 2016-17 Operating Budget for Market
Lubbock, Inc. (MLI) - Lubbock Convention and Visitors Bureau as shown in Exhibit A.
II. Approve the amendments to the adopted FY 2016-17 Operating Budget for MLI -
Lubbock Sports Authority as shown in 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 July 13, 2017
Passed by the City Council on second reading on July 27, 2017
DANIEL M. POPE, MAYOR
ATTEST:
Reb ca Garza
City cretary
APPROVED AS TO CONTENT:
Chery Brock
Executive Director of Budget
APPROVED AS TO FORM:
(�v / A-Kt�
Jet s 11
Assistant City Attorney
ccdocs BudgetFY1617 Amend33 ord
June 29, 2017
Exhibit A
Visit Lubbock
(Convention and Visitors Bureau and Lubbock Sports)
Proposed Revised Budget
Fiscal Year 2016-2017
EXPENSES
PERSONNEL
Compensation
$ 1,092,200
Approved
Approved
Approved
Proposed Revised
Proposed Revised Proposed Revised
Employee Benefits
266,800
Budget
CVB
Sports
Budget
CVB
Sports
1,359,000
1,104,300
2016-17
2016-17
2016-17
2016-17
2016-17
2016-17
REVENUES
Bank Charges
2,500
2,100
Hotel/Motel Tax Revenue
$
3,490,721
2,657,998
832,723
3,490,721
2,657,998
832,723
HOT True -Up - CVB/LSA
$
-
Pre -Employment
5,000
62,938
49,623
13,315
Investment Income
$
9,000
6,840
2,160
9,000
6,840
2,160
Sale of Promotional Items
$
2,000
2,000
750
2,000
2,000
750
Advertising Income
$
36,000
36,000
132,300
36,000
36,000
Insurance/Workers Comp.
Event Revenue
$
57,000
4,300
57,000
57,000
Repairs and Maintenance
57,000
Miscellaneous Income
250
1,500
1,250
250
-
27,000
22,975
Total Revenue Sources
27,000
3,594,721
2,702,838
891,883
3,657,659
2,752,461
905,198
Utilization of Net Assets
$
563,379
478,872
84,507
563,379
478,872
84,507
Grant from CVB
$
-
(274,465)
274,465
(274,465)
274,465
TOTAL REVENUES
$
4,158,100
$ 2,907,245 $
1,250,854
$ 4,221,038
$ 2,956,868 $
1,264,170
EXPENSES
PERSONNEL
Compensation
$ 1,092,200
879,800
212,400
1,092,200
879,800
212,400
Employee Benefits
266,800
224,500
42,300
266,800
224,500
42,300
PERSONNEL SUBTOTAL
1,359,000
1,104,300
254,700
1,359,000
1,104,300
254,700
ADMINISTRATIVE
Bank Charges
2,500
2,100
400
2,500
2,100
400
Automobile
12,000
10,200
1,800
12,000
10,200
1,800
Pre -Employment
5,000
4,250
750
5,000
4,250
750
Member Dues/Subscriptions
48,000
40,800
7,200
48,000
40,800
7,200
Miscellaneous Expense
5,000
4,250
750
5,000
4,250
750
Professional Services
132,300
112,500
19,800
132,300
112,500
19,800
Insurance/Workers Comp.
4,300
3,700
600
4,300
3,700
600
Repairs and Maintenance
1,500
1,250
250
1,500
1,250
250
Capital Asset Purchase
27,000
22,975
4,025
27,000
22,975
4,025
Business Meetings
2,000
1,700
300
2,000
1,700
300
ADMINISTRATIVE SUBTOTAL
239,600
203,725
35,875
239,600
203,725
35,875
OFFICE
Postage and Shipping
5,000
4,250
750
5,000
4,250
750
Rent
103,000
87,550
15,450
103,000
87,550
15,450
Storage Fees
3,000
2,550
450
3,000
2,550
450
Supplies
28,500
24,250
4,250
28,500
24,250
4,250
Telephone
15,200
12,920
2,280
15,200
12,920
2,280
OFFICE SUBTOTAL
154,700
131,520
23,180
154,700
131,520
23,180
MARKETING/SALES
Industry Conventions
90,000
76,500
13,500
90,000
76,500
13,500
Incentives
105,000
105,000
-
105,000
105,000
-
Local Membership Organizations
6,300
5,400
900
6,300
5,400
900
Convention and Sports Sales
513,000
228,500
284,500
513,000
228,500
284,500
Servicing Items
72,000
61,200
10,800
72,000
61,200
10,800
Site Tours
22,000
10,000
12,000
44,000 Z
32,000
12,000
Marketing
1,005,000
854,250
150,750
1,045,938 3
881,873
164,065
Public Relations
161,000
126,850
34,150
161,000
126,850
34,150
Sports Servicing
430,500
-
430,500
430,500
-
430,500
MARKETING/SALES SUBTOTAL
2,404,800
1,467,700
937,099
2,467,738
1,517,323
950,415
TOTAL OPERATING EXPENSE
$ 4,158,100 $
2,907,245 $
1,250,854
$ 4,221,038 $
2,956,868
1,264,170
$ - $
- $
0
$ - $
- $