COUNCIL COMMUNICATION

DATE:

 

09/20/2002

 

SUBJECT:  FINAL READING OF ORDINANCE 2002-0-244

Amending the City of Laredo’s FY 2001-02 General Fund annual budget by appropriating revenues and expenditures in the amount of $100,000.00.  $50,268 for August 2002 and $49,732.00 estimated for September 2002.  Expenditures will only be incurred and disbursed if the revenue is collected by the Tax Department.

INITIATED BY:

Larry Dovalina, City Manager                                  

STAFF SOURCE:

Rosario Camarillo-Cabello, Financial Services Director

Veronica Urbano, Acting Budget Director

PREVIOUS COUNCIL ACTION:

Council approved an amount of $307,000 as revenue and expenditures through the adoption of the 2001-2002 Annual Budget.

Council held and approved a public hearing on September 16, 2002 to adopt this ordinance.

BACKGROUND:

The Tax Department has collected a total of $349,112.05 as of August 2002.  

 

 

 

 

 

 

FINANCIAL: 

 

 

 

 

 

 

 

 

General Fund

 

 

 

Amended

Budget

 

 

Proposed

  Budget

 

 

 

  Amendment

Revenues

 

 

 

 

 

 

 

 

 

101-0000-303-1200

Penalty For Tax Attorney

      $307,000

$100,000

$407,000

 

Expenditures

 

 

 

 

 

101-9810-593-5201

Tax Attorney

   $307,000

        $100,000

$407,000

 

 

 

 

 

 

 

 

RECOMMENDATION:

Staff recommends that City Council approve this Ordinance.

 

 

 

ORDINANCE 2002-0-244

 

Amending the City of Laredo’s FY 2001-02 General Fund annual budget by appropriating revenues and expenditures in the amount of $100,000.00.  $50,268 for August 2002 and $49,732.00 estimated for September 2002.  Expenditures will only be incurred and disbursed if the revenue is collected by the Tax Department.

 

WHEREAS, on September 17, 2001 the City Council approved Ordinance 2001-O-209 adopting the 2001-2002 Annual Budget; and

 

WHEREAS, contract with Ricardo de Anda, Attorney at Law, was renewed and approved by City Council on April 15, 2002 for the period of July 1, 2002 to September 30, 2005; and

 

WHEREAS, City Council held and approved a public hearing on September 16, 2002 to adopt this ordinance.

 

NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LAREDO THAT:

 

 

Section 1.  Budget Amendment

The City of Laredo FY 2001-2002 annual budget is amended to appropriate revenues and expenditures in the amount of $100,000.

 

 

Financial:

General Fund

 

 

 

 

Amended

Budget

 

 

 

Proposed

Budget

 

 

 

 

Amendment

 

 

Revenues

 

 

 

 

 

 

 

 

 

101-0000-303-1200

Penalty for Tax Attorney

$307,000

$100,000

$407,000

 

 

Expenditures

 

 

 

 

 

 

 

 

 

101-9810-593-5201

Tax Attorney

$307,000

$100,000

$407,000

 

 

PASSED BY THE COUNCIL AND APPROVED BY THE MAYOR ON THIS THE _____DAY OF, SEPTEMBER 2002.

                                                                                   

 

 

_______________________________

ELIZABETH G. FLORES

MAYOR

 

 

 

ATTEST:

 

 

________________________________

GUSTAVO GUEVARA, JR.

CITY SECRETARY

 

 

APPROVED AS TO FORM:

 

 

________________________________

JAIME L. FLORES

CITY ATTORNEY