HomeMy WebLinkAboutOrdinance - 2015-O0053 - Budget Amendment 23 - 06/11/2015First Reading
May 28, 2015
Item No. 6.6
ORDINANCE NO. 2015-00053
Second Reading
June 11, 2015
Item No. 6.2
AN ORDINANCE AMENDING THE FY 2014-15 BUDGET FOR MUNICIPAL
PURPOSES RESPECTING THE NORTH AND EAST LUBBOCK
NEIGHBORHOOD AND INFRASTRUCTURE FUND TO APPROPRIATE
ADDITIONAL REVENUE FROM OIL AND GAS ROYALTIES AND CHANGE
THE APPROPRIATION FOR DOWNTOWN REDEVELOPMENT; RESPECTING
THE CENTRAL BUSINESS DISTRICT (CBD) TAX INCREMENT FINANCING
REINVESTMENT ZONE (TIF) FUND TO INCREASE THE TRANSFER FROM
THE NORTH AND EAST LUBBOCK NEIGHBORHOOD AND
INFRASTRUCTURE FUND AND INCREASE THE APPROPRIATION FOR
SPECIAL PROJECTS; 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 2014-15
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 2014-15 (Budget Amendment #23) for
municipal purposes, as follows:
I. Amend the North and East Lubbock Neighborhood and Infrastructure Fund by
increasing the appropriation for Oil and Gas Royalties revenue by $255,266,
from $469,264 to $724,530.
II. Amend the North and East Lubbock Neighborhood and Infrastructure Fund by
changing the appropriation for Downtown Redevelopment to a Transfer to the
CBD TIF Fund and increasing the appropriation by $63,816, from $117,316 to
$181,132.
III. Amend the CBD TIF Fund by increasing the Transfer from the North and East
Lubbock Neighborhood and Infrastructure Fund by $181,132, and increasing
the appropriation for Special Projects by $181,132, from $10,000 to $191,132.
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 May 29, 2015
Passed by the City Council on second reading on Tune 11, 2015
L - /"0. /
GLE-ROIIERTSON, MAYOR
ATTEST:
Rebeei Garza
City Sticretary
APPROVED AS TO CONTENT:
Qac J
Cheryl B ck
Executive Director of Budget
APPROVED AS TO FORM:
cedocs/BudgetFY 1415.Amend23.ord
May 13, 2015