COUNCIL COMMUNICATION

DATE:

 

02/18/03

SUBJECT:  FINAL READING OF ORDINANCE 2003-O-036              

Amending the City Of Laredo fiscal year 2003 NPDES Fund Budget, by appropriating the opening balance. The amendment will draw down $136,663 from the NPDES unaudited opening balance and appropriate said funds.

INITIATED BY:

Larry Dovalina, City Manager

                                                                         

STAFF SOURCE:

Rosario Camarillo-Cabello, Finance Director

Riazul I. Mia, Environmental Engineering Director

PREVIOUS COUNCIL ACTION:

A public hearing and an introduction of this ordinance were held on February 3, 2003.

 

BACKGROUND:

The approved budget for the 2002-2003 fiscal year had zero amount as the proposed opening balance.  The actual amount as an opening fund balance is $692,441 of which $136,663 is available for the appropriation of additional expense line items.  The excess opening balance will be appropriated for a possible purchase of land for the NPDES department in the amount of $136,663. 

FINANCIAL:                        

 

 

RECOMMENDATION:

 

Approve final reading of Ordinance 2003-O-036

 

 

ORDINANCE #2003-O-036

 

 

Amending the City Of Laredo fiscal year 2003 NPDES Fund Budget, by appropriating the opening balance. The amendment will draw down $136,663 from the NPDES unaudited opening balance and appropriate said funds.

 

                        WHEREAS, on February 3, 2003, City Council held a public hearing and introduced this ordinance; and

 

                        WHEREAS, the approved budget for the 2002-2003 fiscal year had a zero amount as the proposed opening balance; and

                       

                        WHEREAS, the actual amount as an opening fund balance is $692,441 of which $136,663 is available for the appropriation of additional expense line items;

                       

                        WHEREAS, the excess opening balance will be appropriated for a possible purchase of land for the NPDES department in the amount of $136,663. 

                                               

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

 

 

                       

 

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

THE _______________ DAY OF ________________________, 2003.

                                                                                                                       

 

                                                                                                                       

_____________________

                                                                                                                                               

ELIZABETH G. FLORES,

MAYOR

 

 

 

ATTEST:                                                                               APPROVED AS TO FORM:               

_________________________                                        _______________________

GUSTAVO GUEVARA, JR.,                                              JAIME L. FLORES

CITY SECRETARY                                                                 CITY ATTORNEY