Print Back to Calendar Return
    1. 3.    
Special City Council Meeting
Meeting Date: 09/04/2019  

Information
Agenda Item
Ordinance 1st Reading - Finance: Consider an ordinance approving and adopting a budget for Fiscal Year 2019-20; approving summary of estimated and forecasted revenues, appropriations, and use of excess reserves for all funds of the City; providing for necessary transfers of funds between accounts and departments, if required; authorizing reduction of spending by City Manager if necessary; re-appropriation of balances which support authorized obligations or encumbered; providing for filing of Adopted Budget; establishing civil classifications and positions; appropriating funds for the Fiscal Year 2019-20 Operating Budget and Capital Program of the City of Lubbock; approving all permit, license, fees, and charges for service recommended to be adjusted; approving the pay plan and positions; approving personnel; amending Section 22.03.090(a) and Section 22.03.090(b) of the Code of Ordinances of the City of Lubbock by revising the water service (water tap) connection fees as contained therein; amending Section 22.04.045(a) of the Code of Ordinances of the City of Lubbock by revising the fee for sewer service connections fees as contained therein; amending Section 22.04.133(a) of the Code of Ordinances of the City of Lubbock by revising the fee for sewage disposal permits as contained therein; amending Section 22.04.175 Regulation 8 of the Code of Ordinances of the City of Lubbock by revising the septic load fees as contained therein; accepting the budgets for Lubbock Economic Development Alliance, Market Lubbock, Inc., Civic Lubbock, Inc., and Vintage Township Public Facilities Corporation; finding that proper notice of meeting provided by law and ratifying such; providing for publication; and providing for a savings clause.
Item Summary
This is the first reading of the ordinance adopting the City’s FY 2019-20 Operating Budget and Capital Program.  The budget ordinance must be considered prior to consideration of the tax rate.

This ordinance incorporates the operating and capital budgets that have been proposed by the City Manager.  The property tax rate proposed by the City Council is $0.55802 per $100 valuation.

The following changes that impact the FY 2019-20 Proposed Operating Budget and Capital Program have occurred since the proposed budget was filed on August 8, 2019:

Lubbock Power and Light
Changes to the Lubbock Power and Light Operating budget related to the decrease in the COLA from 3% to 2.5% and the increase in the pay rates for journey line workers.  These changes have a net zero impact.  The changes include a decrease to full time pay of $78,258 due to the reduction to 2.5% for the COLA offset by the  increase to journey line worker full time pay of $116,998 due to the increase in pay rates, decrease to TMRS of $13,860 due to the reduction to 2.5% for the COLA offset by the increase to TMRS of $20,720 for the journey line worker pay rate increase, decrease to social security of $5,786 due to the reduction to 2.5% for the COLA offset by the increase to social security of $8,950 for the journey line work pay rate increase, and decrease of overtime pay of $48,765.
 
Water/Wastewater Fund
Corrections to the Water Pro Rata fees, Wastewater Pro Rata fees, and water disconnect –After Hours/Holiday fees as listed in Exhibit G of the budget ordinance.
 
North Overton PID
Decrease in the assessment revenue of $7,937 due to a decrease in taxable value.
 
Included as Exhibit G in the proposed Budget Ordinance are the changes that have occurred since the FY 2019-20 Operating Budget and Capital Program was filed with the City Secretary on August 8, 2019 and all changes to the FY 2018-19 Adopted Budget and Capital Program that have been approved since the presentation of the FY 2019-20 Budget.
Fiscal Impact
Included in Item Summary
Staff/Board Recommending
D. Blu Kostelich, Chief Financial Officer

Attachments
Budget Ordinance

AgendaQuick©2005 - 2019 Destiny Software Inc., All Rights Reserved