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Special City Council Meeting
Meeting Date: 09/02/2020  

Agenda Item
Ordinance 1st Reading - Finance: Consider an ordinance approving and adopting a budget for Fiscal Year 2020-21; 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 service classifications and positions; appropriating funds for the Fiscal Year 2020-21 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 22.04.041 of the Code of Ordinances of the City of Lubbock by revising the wastewater fees for residential premises with no water meters as contained therein; amending Section 22.04.175 regulation 9 and 10 of the Code of Ordinances of the City of Lubbock by revising the disposal permit fees as contained therein; amending Section 22.06.051 of the Code of Ordinances of the City of Lubbock by revising the solid waste landfill service 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 2020-21 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 $0.541573 per $100 valuation.

The following changes that impact the FY 2020-21 Proposed Operating Budget and Capital Program have occurred since the proposed budget was filed on August 6, 2020:

Airport Fund
Decrease Transfer to Airport Capital and Use of Excess Reserves in the Airport PFC Fund each by $409,503; Decrease Transfer from the Airport PFC Fund and Decrease Transfer to Airport PFC Capital in the Airport Operations Fund each by $409,503.
General Capital Fund
Establish CIP 92706 Neighborhood Planning Implementation and establish appropriation and funding in the amount of $250,000.  This will be funded from the General Capital Project Fund.
Cable Services Fund
Increase Cable Services Operating Budget for Closed Captioning by $40,000. This will be funded with revenue projected to be received in FY 2020-21.
Included as Exhibit G in the proposed Budget Ordinance, are the changes that have occurred since the FY 2020-21 Operating Budget and Capital Program was filed with the City Secretary on August 6, 2020, and all changes to the FY 2019-20 Adopted Budget and Capital Program that have been approved since the presentation of the FY 2020-21 Budget.
Fiscal Impact
Included in Item Summary
Staff/Board Recommending
D. Blu Kostelich, Chief Financial Officer
Budget Ordinance
Budget Exhibits

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