SUBJECT: FINAL READING OF ORDINANCE 2002-O-067

Amending the City Of Laredo Fiscal Year 2002 General Fund and Fire Training Facility Fund budgets by appropriating revenues of $280,000 and $20,000 respectively as a transfer in and appropriating expenditures in the respective fund for the acquisition of Machinery and Equipment. Funding is available in the Capital Improvements Fund reserve appropriation account.

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 Ordinance held on March 25, 2002.

BACKGROUND:

The Capital Improvements Fund will transfer funds in the amount of $300,000 to the General Fund and the Fire Training Facility Fund to provide the necessary equipment for the operating of the facility. The funds are available in the Capital Improvements Fund. The funds available were designated for the purchase of two ambulances; however, they were purchased through a proposed Personal Property Financial Contractual Obligation.

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:
Revenue:
Transfer In – Capital Improvements Fund	$0	$280,000	$280,000
Expenditures:
Fire Training Division:
Machinery and Equipment	0	212,000	212,000
Fire Department Division:
Machinery and Equipment	44,265	68,000	112,265
Fire Training Facility:
Revenue:
Transfer In – Capital Improvement Fund	0	20,000	20,000
Expenditure:
Machinery and Equipment	0	20,000	20,000

Capital Improvements Fund will process a transfer of funds as follows:
Transfer Out – General Fund	0	280,000	280,000
Transfer Out – Fire Training Facility	0	20,000	20,000
Reserve Appropriation	745,000	(300,000)	445,000

RECOMMENDATION:

Final Reading and approval of Ordinance 2002-O-067.

ORDINANCE 2002-O-067

Amending the City Of Laredo fiscal year 2002 General Fund and Fire Training Facility Fund budgets by appropriating revenues of $280,000 and $20,000 respectively as a transfer in and appropriating expenditures in the respective fund for the acquisition of Machinery and Equipment. Funding is available in the Capital Improvements Fund Reserve Appropriation Account.

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

WHEREAS, on March 25, 2002, City Council held a public hearing and introduced this ordinance; and

WHEREAS, in order to provide the necessary equipment to operate 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:
Revenue:
Transfer In – Capital Improvements Fund	$0	$280,000	$280,000
Expenditures:
Fire Training Division:
Machinery and Equipment	0	212,000	212,000
Fire Department Division:
Machinery and Equipment	44,265	68,000	112,265

Section 2: Fire Training Facility is hereby amended as follows:

Fire Training Facility:
Revenue:
Transfer In – Capital Improvement Fund	0	20,000	20,000
Expenditures:
Machinery and Equipment	0	20,000	20,000

Section 3: Capital Improvements Fund will process the following transfer of funds:

Capital Improvements Fund:
Transfer Out – General Fund	0	280,000	280,000
Transfer Out – Fire Training Facility	0	20,000	20,000
Reserve Appropriation	745,000	(300,000)	445,000

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

SUBJECT: FINAL READING OF ORDINANCE 2002-O-067

Annual Budget

Annual Budget