HomeMy WebLinkAboutOrdinance - 2015-O0084 - Budget Amendment 31 - 09/10/2015First Reading
August 27, 2015
Item No. 6.8
ORDINANCE NO. 2015-00084
Second Reading
September 10, 2015
Item No. 6.1
AN ORDINANCE AMENDING THE FY 2014-15 BUDGET FOR MUNICIPAL
PURPOSES RESPECTING THE CAPITAL PROGRAM TO AMEND CAPITAL
IMPROVEMENT PROJECT (CIP) 92371, RUNWAY 17R/35L CONSTRUCTION
PHASE III; RESPECTING THE AIRPORT FUND TO AMEND OPERATING
REVENUES AND EXPENSES; 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 #31) for
municipal purposes, as follows:
Amend Capital Improvement Project 92371, Runway 17R/35L Construction
Phase III, by increasing the appropriation by $6,697,763, from $14,310,057 to
$21,007,820. Increase the Federal Grant funding amount by $6,027,989, from
$12,879,049 to $18,907,038, and increase the PFC Bonds by issuing FY 2016
PFC Revenue Certificates of Obligation of $669,774, for a total increase in
bond funds from $1,431,008 to $2,100,782.
II. Increase Transient Parking revenue $595,000, from $2,300,000 to $2,895,000.
III. Increase Agricultural Land Rent revenue $13,390, from $45,000 to $58,390.
IV. Increase Landing Fees revenue $75,000, from $562,600 to $637,600.
V. Increase Professional Services expenses in the Airport Parking cost center
$450,000, from $700,412 to $1,150,412.
VI. Increase Chemical Supplies expenses in the Airfield Maintenance cost center
$37,374, from $80,928 to $118,302.
VII. Increase Systems Maintenance expenses in the Airfield Maintenance cost
center $33,200, from $132,500 to $165,700.
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 August 27, 2015
Passed by the City Council on second reading on September 10, 2015
///W/
GLE BER SON, MAYOR
ATTEST:'
Rebec a Garza
City S retary
APPROVED AS TO CONTENT:
Cheryl Brock
Executive Director of Budget
APPROVED AS TO FORM:
Amy Sit
Assis C' Attorney
ccdocs/BudgetFY 1415.Amend3 Lord
August 19, 2015