CITY COUNCIL COMMUNICATION

Date:

 

03/24/03

SUBJECT: FINAL READING OF ORDINANCE #2003-O-065

AUTHORIZING THE CITY MANAGER TO EXECUTE A TRANSIT SYSTEM BUDGET AMENDMENT REDUCING THE STATE OPERATING GRANT TRANSFER IN THE AMOUNT OF $541,781.00 BY $11,872.00 TO $529,909.00 AND INCREASING THE TRANSFER IN THE SALES TAX AMOUNT FROM $3,825,955.00 BY $11,872.00 TO $3,837,827.00 FOR FY 2002-2003.

INITIATED BY:

Larry Dovalina, City Manager

STAFF SOURCE:

Thomas Lucek, General Manager

 

 

PREVIOUS BOARD ACTION:

Amendment #1 was passed and executed by City Council on 12/16/02.

 

BACKGROUND: 

 

On August 16, 2002, City Council authorized the City Manager to execute Grant contract agreement No. 51322F1013 as awarded by the Texas Department of Transportation to provide for the expenditure of funds for the purpose of establishing and maintaining public and mass transportation projects.

 

 

FINANCIAL IMPACT: 

 

 

 

 

AMENDED

 

PROPOSED

ACCOUNT NAME

 

BUDGET

 

BUDGET

 

AMENDMENT

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

State Operating Grant

 

$541,781.00

 

$529,909.00

 

($11,872.00)

Transfer In/Sales Tax

 

3,825,955.00

 

3,837,827.00

 

$11,872.00

  Total Revenues

 

$7,325,955.00

 

$7,325,955.00

 

-

 

 

 

 

 

 

 

Expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

 

Transfer Out/Operations

 

$3,825,955.00

 

$3,837,827.00

 

$11,872.00

Reserve Appropriation

 

2,169,700.00

 

2,157,828.00

 

($11,872.00)

  Total Expenditures

 

$5,995,655.00

 

$5,995,655.00

 

-

 

 

 

 

 

 

 

     

 

 

 

 

 

 

 

 

STAFF RECOMMENDATION:

Staff recommends approval.

 

 

 

 

 

ORDINANCE NO. 2003-O-065

 

AUTHORIZING THE CITY MANAGER TO EXECUTE A TRANSIT SYSTEM BUDGET AMENDMENT REDUCING THE STATE OPERATING GRANT TRANSFER IN AMOUNT OF $541,781.00 BY $11,872.00 TO $529,909.00 AND INCREASING THE TRANSFER IN SALES TAX AMOUNT FROM $3,825,955.00 BY $11,872.00 TO $3,837,827.00 BY $11,872.00 TO $3,837,837.00 FOR FY 2002-2003.

 

 

            WHEREAS, the City Council previously approved the Grant Contract agreement no. 51322F1033 with the Texas Department of Transportation on August 16, 2002, and

 

            WHEREAS, the City Council previously  approved amendment #1 to Grant Contract agreement no. 51322F1033 with the Texas Department of Transportation increasing the funding by $41,781 on December 16, 2002, and

 

            WHEREAS, The City Council finds it to be in the best interests of the City of Laredo, Texas, to executed budget amendment #2 with the Texas Department of Transportation decreasing the funding by $11,872.00 for Grant Contract agreement no 51322F1033.

 

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 reducing funds from the Grant Contract agreement no 51322F1033, in the amount of $11,872.00; and

 

Section 2.        The Grant Contract agreement no 51322F1033 is decreased from $541,781.00 to $529,909.00; and

 

Section 3.        The City’s sales tax match for transit operating expenses is increased from $3,825,955.00 to $3,837,827.00; and

 

Section 4.        The reduced amount of match of $11,872.00 shall be transferred into Transfer Out/Operations.

 

 

 

PASSED BY THE CITY COUNCIL AND APPROVED BY THE MAYOR ON THIS THE ___________ DAY OF __________, 2003.

 

 

 

________________________

ELIZABETH G. FLORES

MAYOR

 

ATTEST:

 

 

_________________________

GUSTAVO GUEVARA, JR.

CITY SECRETARY

 

 

APPROVES AS TO FORM:

 

 

BY  _____________________

        JAIME L. FLORES

        CITY ATTORNEY