COUNCIL COMMUNICATION

DATE:

 

September 16, 2002

 

 

SUBJECT: FINAL READING ORDINANCE  2002-O-237

 

Amending the City of Laredo Fiscal Year 2001-2002 Bridge Fund annual budget by appropriating revenues and expenditures in the amount of $340,000 and authorizing the City Manager to implement said budget amendment.  Funds are available from the collection of overweight penalty fees for Fiscal Year 2001-2002.

INITIATED BY:

 

Larry Dovalina, City Manager

 

 

STAFF SOURCE:

 

Rafael Garcia, Jr., Bridge System Director

PREVIOUS COUNCIL ACTION:

 

At the September 17, 2001 Council meeting, Council approved the City of Laredo’s Fiscal Year 2001-2002 annual budget.

 

 

BACKGROUND:              

During Fiscal Year 2001-2002, $340,000 has been collected in overweight penalty fees. 

 

The appropriation of the $340,000 is the following:

Revenues:

Overweight Penalty Fees  #553-0000-351-1054                                          $340,000

Expenditures:

Building Maintenance #553-4061-583-2010                                                 $ 163,000

Professional Services #553-4062-533-5500                                                 $  77,000

Bridge Improvements #553-4050-538-5328                                                 $ 100,000

                                            TOTAL                                                               $340,000                     

 

FINANCIAL IMPACT:

 

Funds are available in the Bridge Fund Operating Budget:

Overweight Penalty Fees revenue account #553-0000-351-1054.

                                                                              

COMMITTEE RECOMMENDATION: 

 

N/A

 

 

STAFF RECOMMENDATION: 

 

To approve Budget Amendment.

 

 

 

ORDINANCE 2002-O-237   

 

 

AMENDING THE CITY OF LAREDO FISCAL YEAR 2001-2002 BRIDGE FUND ANNUAL BUDGET BY APPROPRIATING REVENUES AND EXPENDITURES IN THE AMOUNT OF $340,000 AND AUTHORIZING THE CITY MANGER TO IMPLEMENT SAID BUDGET AMENDMENT.  FUNDS ARE AVAILABLE FROM THE COLLECTION OF OVERWEIGHT PENALTY FEES FOR FISCAL YEAR 2001-2002.

 

 

WHEREAS, a public hearing and introductory ordinance will be held on September 3, 2002.

 

 

WHEREAS, the City Council finds it to be in the best interest of the City of Laredo, Texas to appropriate these funds of $340,000 and that the funds be allocated in the Overweight Penalty Fee revenue account #553-0000-351-1054; Building Maintenance account #553-4061-583-20-10 $163,000; Professional Services account #553-4062-533-5500-$77,000; Bridge Improvements account #553-4050-538-5328-$100,000.

 

 

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

 

 

Section 1.         The City Manager is authorized to execute a budget amendment to appropriate all funds associated with the Overweight Penalty Fees.

 

 

Section 2.         Providing for said funds to be appropriated as follows:

 

Expenditures:

Building Maintenance #553-4061-583-2010                                               $ 163,000

Professional Services #553-4062-533-5500                                                 $  77,000

Bridge Improvements #553-4050-538-5328                                                $ 100,000

                                            TOTAL                                                             $ 340,000                     

 

 

All laws and parts of laws in conflicting with the provisions of this ordinance shall be, and hereby are, repealed.

 

 

PASSED BY THE CITY COUNCIL AND APPROVED BY THE MAYOR ON THIS THE __________________________________, 2002.

 

 

_____________________

Elizabeth G. Flores

Mayor

 

 

ATTEST:

 

_____________________

Gustavo Guevara, Jr.

City Secretary

 

 

 

APPROVED AS TO FORM:

 

______________________

Jaime L. Flores

City Attorney