HomeMy WebLinkAboutOrdinance - 2014-O0127 - Budget Amendment 40 - 09/25/2014First Reading Second Reading
September 11, 2014 September 25, 2014
Item No. 5.3 Item No. 6.2
ORDINANCE NO. 2014-00127
AN ORDINANCE AMENDING THE FY 2013-14 BUDGET FOR MUNICIPAL
PURPOSES RESPECTING THE VINTAGE TOWNSHIP PUBLIC
IMPROVEMENT DISTRICT; 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 2013-14
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 2013-14 (Budget Amendment X40) for
municipal purposes, as follows:
I. Amend expenditures in Fund 153, Vintage Township Public Improvement
District, by increasing Contribution — Component Unit by $89,167 for the
redemption of Series 2008B bonds. Funding will be from fund balance.
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
by the City Council on first reading on September 11, 2014
by the City Council on second reading on September 25, 2014
:/t. RMERTSON,•'
.APPROVED ASSTTO.CONTENT:
Cheryl Brok
Executive Director of Budget
APPROVED AS TO FORM:
Amy Sil
!Assist an t Attorney
ccdm/audgdrY 1314.Amen040.ord