COUNCIL COMMUNICATION

DATE:

03/25/2002

SUBJECT: FINAL READING OF ORDINANCE 2002-O-050

Amending the City Of Laredo fiscal year 2002 General Fund and Fire Training Facility Fund Budget by appropriating $1,500,000 for a transfer out to Fire Training Facility Fund from the General Fund and appropriating a transfer in and expenditure in the Fire Fighting / Law Enforcement Training Facility in the amount of $1,500,000 for the purpose of completing the Fire Fighting / Law Enforcement Training Facility. The amendment will draw down $1,500,000 from the General Fund opening balance as authorized by the Section 6.04 of the City Charter that states “Excess carry over funds from a prior fiscal year may be appropriated in the ensuing fiscal year for a one time appropriations only”.

INITIATED BY:

Larry Dovalina, City Manager

Cynthia Collazo, Assistant City Manager

STAFF SOURCE:

Rosario C. Cabello, Finance Director

PREVIOUS COUNCIL ACTION:

Public Hearing and Introduction of an Ordinance held on March 11, 2002.

BACKGROUND:

The City of Laredo will draw down $1,500,000 from the General Fund Opening Balance for the completion of the Fire Fighting / Law Enforcement Training Facility.

FINANCIAL:

The General Fund and Fire Training Facility Fund will be amended as follows:

	Annual Budget FY 2002	Proposed Amendment	Amended Budget 2002
General Fund:
Estimated Opening Balance	$9,257,522	$1,500,000	$7,757,522
Transfer Out: Fire Training Facility	0	1,500,000	1,500,000
Fire Training Facility:
Transfer In: General Fund	0	1,500,000	1,500,000
Building	5,874,604	1,500,000	7,374,604

RECOMMENDATION:

Final Reading and approval of ordinance 2002-O-050.

ORDINANCE 2002-O-50

Amending the City Of Laredo fiscal year 2002 General Fund and Fire Training Facility Fund Budget by appropriating $1,500,000 for a transfer out to Fire Training Facility Fund from the General Fund and appropriating a transfer in and expenditure in the Fire fighting / law enforcement Training Facility in the amount of $1,500,000 for the purpose of completing the Fire fighting / law enforcement Training Facility. The amendment will draw down $1,500,000 from the General Fund opening balance as authorized by the Section 6.04 of the City CHARTER THAT states “Excess carry over funds from a prior fiscal year may be appropriated in the ensuing fiscal year for a one time appropriations only”.

WHEREAS, on September 17, 2001, City Council adopted the fiscal year 2002 annual budget: and

WHEREAS, on March 11, 2002, City Council held a public hearing and introduced this ordinance; and

WHEREAS, in order to complete the Fire Training Fighting / Law Enforcement Facility Project, the proposed budget amendment is hereby proposed.

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

Section 1: General Fund is hereby amended as follows:

	Annual Budget FY 2002	Proposed Amendment	Amended Budget 2002
General Fund:
Estimated Opening Balance	$9,257,522	$1,500,000	$7,757,522
Transfer Out: Fire Training Facility	0	1,500,000	1,500,000
Section 2: Fire Training Facility is hereby amended as follows:
Fire Training Facility:
Transfer In: General Fund	0	1,500,000	1,500,000
Building	5,874,604	1,500,000	7,374,604

PASSED BY THE CITY COUNCIL AND APPROVED BY THE MAYOR ON THIS

THE _______________ DAY OF ________________________, 2002.

________________________

ELIZABETH G. FLORES,

MAYOR

ATTEST: APPROVED AS TO FORM:

_________________________ ____________

GUSTAVO GUEVARA, JR., JAIME L. FLORES

CITY SECRETARY CITY ATTORNEY