DATE:                              

  SUBJECT: Ordinance 2002-O-046

02/25/02 

Amending the City of Laredo FY 2001-2002 General Fund Budget by transferring $22,000 from the General Fund Reserve Appropriation.  The amendment will withdraw $22,000 and transfer the monies to the Veterans Field Fund amending the Professional Services-Tecolotes Contract line item by $22,000.  This transfer is for the purpose of fulfilling contractual obligations with Grupo Vision Empresarial d.b.a. Tecolotes de Los Dos Laredos. 

 

  INITIATED BY:

  Larry Dovalina

  City Manager

 

STAFF SOURCE:

Horacio de Leon, Jr.

Parks & Recreation Director

  PREVIOUS COUNCIL ACTION:

 

None.

 

 

 

 

 

 

 

  BACKGROUND:

The City operates Veterans Field and contracts the Tecolotes de Los Dos Laredos to provide more leisure activities for the citizenry and to improve the quality of life.

 

The purpose of amending the FY 2001-02 Annual Budget is to fulfill contractual obligations with Grupo Vision Empresarial d.b.a. Tecolotes de Los Dos Laredos. 

 

 

  FINANCIAL:

                                                                         2001-02

                                                                         Annual           Proposed         Amended

 General Fund            Account Number        Budget           Amendment    Budget

 Transfer Out to Veterans Field

 General Fund               101-9810-594-99-00  $165,791        <$22,000>       $143,791

 

 Revenues:      

Transfer in from General Fund        245-0000-393.01-01                                            

                                                                      

 Expenditures                                                  2001-02

                                                                        Annual            01-02               Amended

 Line Item                   Account Number        Budget            Amendment    Budget

 

 Tecolotes Contract      245-3310-553.55-43   $128,000         $22,000           $150,000

 

  RECOMMENDATION:

 

 

STAFF:

Recommends approval of ordinance

 

 

Ordinance 2002-O-046

 

Amending the City of Laredo FY 2001-2002 General Fund Budget by transferring $22,000 from the General Fund Reserve Appropriation.  The amendment will withdraw $22,000 and transfer the monies to the Veterans Field Fund amending the Professional Services-Tecolotes Contract line item by $22,000.  This transfer is for the purpose of fulfilling contractual obligations with Grupo Vision Empresarial d.b.a. Tecolotes de Los Dos Laredos.

 

WHEREAS, on September 17, 2001 City Council adopted the FY 2001-02 Annual Budget; and

 

WHEREAS, the City operates Veterans Field and contracts the Tecolotes de Los Dos Laredos to provide more leisure activities for the citizenry and to improve the quality of life; and

 

WHEREAS, a transfer of $22,000 from the General Fund to Veterans Field is necessary to fulfill contractual obligations with Grupo Vision Empresarial dba Tecolotes de Los Dos Laredos; and

 

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

 

Section I: General Fund is hereby amended as follows:

 

                                                                         2001-02

                                                                         Annual           Proposed         Amended

 General Fund            Account Number        Budget           Amendment    Budget

 Transfer Out to Veterans Field

 General Fund               101-9810-594-99-00  $165,791        <$22,000>       $143,791

 

Section II: Veterans Field Fund is hereby amended as follows:

 

 Revenues:      

 Transfer in from General Fund        245-0000-393.01-01                                           

                                                                      

 Expenditures                                                 2001-02

                                                                        Annual            01-02               Amended

 Line Item                   Account Number        Budget            Amendment    Budget

 Tecolotes Contract      245-3310-553.55-43   $128,000         $22,000           $150,000

 

 

 

PASSED BY THE CITY COUNCIL OF THE CITY OF LAREDO AND APPROVED BY THE MAYOR ON THE ___________ DAY OF ___________________, 2002.

 

 

By: _____________________

Elizabeth G. Flores, Mayor

 

 

ATTEST:

 

________________________                                                                                               

Gustavo Guevara

                                                                        City Secretary 

 

 

                                                                        By: _____________________

                                                                        Allan McGraw

                                                                        Assistant City Attorney

 

Approved as to Form:

Jaime Flores

City Attorney