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AI- 7940   8. 4.    
Regular City Council Meeting
Meeting Date: 02/12/2019  

Information
Agenda Item
Budget Amendment Ordinance 1st Reading - Finance: Consider Budget Ordinance Amendment 9 amending the FY 2018-19 Budget for municipal purposes respecting the Capital Program, General Fund, Fleet Fund, and the Civic Center Fund, to amend or establish the following: Amend the General Fund transfer to Fleet CIP; amend CIP 92547 – General Fund Vehicle Replacement FY 2017-18; Amend CIP 92575 – General Fund Vehicle Replacement FY 2018-19; Establish CIP 92612 – General Fund 17-18 & 18-19 Vehicles – Tax Notes; Amend Civic Center operating expense; providing for filing; and providing for a savings clause.
Item Summary
I. Amend the FY 2018-19 General Fund Operating Budget by increasing the transfer to Fleet CIP by $953,880 from $3,090,000 to $4,043,880, for the tub grinder and grader approved for Solid Waste in the FY 2017-18 Capital Budget, and amend the Fleet Operating Budget by increasing the Transfer from General Fund by $953,880, from 3,090,000 to $4,043,880.  The tax notes for the debt funded vehicles for Solid Waste were issued in the General Fund and this amendment will allow transfer of the debt proceeds for the two pieces of equipment to the Fleet CIP Fund where the purchase was made.
 
II. Amend Capital Improvement Project 92547, General Fund Vehicle Replacement FY 2017-18, by decreasing the appropriation by $1.3 million, from $1,988,168 to $688,168; and decreasing the FY 2018 General Fund Tax Notes by $1.3 million, from $1.3 million to $0.
 
III. Amend Capital Improvement Project 92575, General Fund Vehicle Replacement FY 2018-19, by decreasing the appropriation by $2.2 million, from $5,290,000 to $3,090,000; and decreasing the FY 2019 General Fund Tax Notes by $2.2 million, from $2.2 million to $0.
 
IV. Establish Capital Improvement Project 92612, General Fund 2017-18 and  2018-19 Vehicles – Tax Notes, and appropriate funding in the amount of $3.5 million for the purchase of long-life vehicles. The funding source is FY 2019 Tax Notes.
 
V. Amend the FY 2018-19 Civic Center Operating Budget by increasing miscellaneous expense by $45,047, from $0 to $45,047 for one-half of the closing costs for the transfer of the Auditorium and Coliseum to Texas Tech University.  Funding will be from Civic Center Fund balance.
Fiscal Impact
Included in Item Summary
Staff/Board Recommending
D. Blu Kostelich, Chief Financial Officer

Attachments
Budget Amendment 9

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