CITY COUNCIL COMMUNICATION

Date:

04-01-02

 

 

SUBJECT:  FINAL READING OF ORDINANCE # 2002-O-076

AMENDING THE FISCAL YEAR 2001-2002 BUDGET OF THE LAREDO MUNICIPAL TRANSIT SYSTEM BY TRANSFERRING $62,000.00 FROM TRANSIT SYSTEM SALES TAX FUND AND OF THIS AMOUNT APPROPRIATING $60,885.00 IN LAREDO METRO INC. FUND AND $1,115.00 IN TRANSIT CENTER FUND.

INITIATED BY:

Larry Dovalina, City Manager

STAFF SOURCE:

Jose A. Guerra, Interim General Manager

 

PREVIOUS BOARD ACTION:

NONE

 

BACKGROUND: 

Due to agreement of labor negotiations between Laredo Metro, Inc. (LMI), and the United Transportation Union Local #1670, additional funds would need to be appropriated into the FY 01-02 Operating Budget.

 

The transfer of funds would cover employee’s back-pay wages from May 2001 to September 30,2001.  The back pay was not incorporated into the FY 01-02 Budget due to uncertainty of the percentage increase.

 

FINANCIAL:                              

                                                                                                                                    Budget                     Proposed

                                                               Budget                      Amendment                  Budget

TRANSIT SYSTEM

Sales Tax

Expenditures:

  Reserve Appropriation                         245,308                     (62,000)                      183,308

  Transfer out/Operations                     2,488,304                      60,885                    2,549,189

  Transfer out/Transit Center                   210,317                        1,115                       211,432

 

TRANSIT CENTER

Revenues:

  Transfer in/Sales Tax                            210,317                        1,115                       211,432

 

Expenditures:

  Salaries                                                338,535                        1,115                       339,650

 

LAREDO METRO, INC.

Revenues:

Transfer in/Sales Tax                           2,488,304                      60,885                    2,549,189

  

Expenditures:

  Salaries                                             7,009,209                      60,885                    7,070,094                          

LMI BOARD OF DIRECTORS:

Item approved at the LMI Board of Directors meeting on March 14, 2002.

 

STAFF RECOMMENDATION:

Staff recommends adoption of this ordinance.

 

ORDINANCE NO. 2002-O-.076

 

AMENDING THE FY 2001-02 BUDGET OF THE LAREDO MUNICIPAL TRANSIT SYSTEM TRANSFERRING $62,000.00 FROM TRANSIT SYSTEM SALES TAX FUND AND OF THIS AMOUNT APPROPRIATING $60,885.00 IN LAREDO METRO INC., FUND AND $1,115.00 IN TRANSIT CENTER FUND.

 

WHEREAS, due to the recent agreement reached in labor negotiations, the sum of $62,000.00 needs to be appropriated into the Fiscal year 2001-2002 Operating Budget, to accommodate some back pay due to workers from May 2001 to September 2001; and

 

WHEREAS, it is requested that funds in that amount of $62,000.00 be transferred from Sales Tax Fund and that the Fiscal Year 2001-2002 Budget of the Laredo Municipal Transit System be amended accordingly.

 

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

 

Section 1.        That $62,000.00 be transferred from the Sales Tax Fund for transfer to the Laredo Municipal Transit System as provided in Section 2 and 3; and

 

Section 2.        Of that $62,000.00, the sum of $60,885.00 shall be transferred to Laredo Metro, Inc. Fund; and

 

Section 3.        Of that $62,000.00 the sum of $1,115.00 shall be transferred to Transit Center Fund.

 

PASSED BY THE CITY COUNCIL AND APPROVED BY THE MAYOR ON THIS THE _________ DAY OF , 2002.

                                                           

                                                           

_______________________                         

ELIZABETH G. FLORES

MAYOR

 

 

ATTESTED:

 

 

_______________________                         

GUSTAVO GUEVARA, JR.

CITY SECRETARY

 

 

APPROVED AS TO FORM:

 

 

______________________

JAIME L. FLORES

CITY ATTORNEY