City of Albuquerque - File #: R-14-47

• File #: R-14-47
• Type: Resolution
• Status: Enacted
• File created: 4/7/2014
• In control: City Council
• Final action: 5/19/2014
• Enactment date: 6/6/2014
• Enactment #: R-2014-024
• Title: APPROPRIATING FUNDS FOR OPERATING THE GOVERNMENT OF THE CITY OF ALBUQUERQUE FOR FISCAL YEAR 2015, BEGINNING JULY 1, 2014 AND ENDING JUNE 30, 2015; ADJUSTING FISCAL YEAR 2014 APPROPRIATIONS; AND APPROPRIATING CAPITAL FUNDS.

Date	Action By	Action	Result
6/6/2014	City Clerk	Published
6/6/2014	Mayor	Signed by the Mayor
5/29/2014	City Council	Sent to Mayor for Signature
5/19/2014	City Council	Accepted with a Recommendation Do Pass, as Substituted, as Amended (Immediate Action)
5/19/2014	City Council	Amended	Fail
5/19/2014	City Council	Passed as Amended	Pass
5/19/2014	City Council	Amended	Pass
5/19/2014	City Council	Amended	Pass
5/19/2014	City Council	Amended	Pass
5/19/2014	City Council	Amended	Pass
5/19/2014	City Council	Amended	Pass
5/19/2014		Amended
5/15/2014	Committee of the Whole	Sent to Council for Immediate Action	Pass
5/15/2014	Committee of the Whole	Sent to Council with a recommendation of Do Pass, as Substituted, as Amended	Pass
5/15/2014	Committee of the Whole	Amended	Pass
5/15/2014	Committee of the Whole	Amended	Pass
5/15/2014	Committee of the Whole	Amended	Pass
5/15/2014	Committee of the Whole	Amended
5/15/2014	Committee of the Whole	Amended	Pass
5/15/2014	Committee of the Whole	Substituted	Pass
5/8/2014	Committee of the Whole	Postponed	Pass
4/24/2014	Committee of the Whole	Postponed	Pass
4/7/2014	City Council	Introduced and Referred
4/7/2014	President	Referred

CITY of ALBUQUERQUE
TWENTY-FIRST COUNCIL


COUNCIL BILL NO. C/S R-14-47 ENACTMENT NO. ________________________

SPONSORED BY: Dan Lewis, by request


RESOLUTION
title
APPROPRIATING FUNDS FOR OPERATING THE GOVERNMENT OF THE CITY OF ALBUQUERQUE FOR FISCAL YEAR 2015, BEGINNING JULY 1, 2014 AND ENDING JUNE 30, 2015; ADJUSTING FISCAL YEAR 2014 APPROPRIATIONS; AND APPROPRIATING CAPITAL FUNDS.
body
WHEREAS, the Charter of the City of Albuquerque requires the Mayor to formulate the annual operating budget for the City of Albuquerque; and
WHEREAS, the Charter of the City of Albuquerque requires the Council to approve or amend and approve the Mayor's budget; and
WHEREAS, appropriations for the operation of the City government must be approved by the Council.
BE IT RESOLVED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
Section 1. That the amount of $41,917,000 is hereby reserved as the Operating Reserve Fund for the City of Albuquerque for Fiscal Year 2015. This amount includes an additional $800,000 to build-up the operating reserve above 1/12th in order to plan for future economic downturns and maintain current bond ratings.
Section 2. The amount of $7,502,000 is hereby reserved in the General Fund for employee cost of living increases and labor negotiations. The amount reserved is equivalent to a 5% salary increase for police officers and a 3% salary increase for all non-public safety employees, subject to collective bargaining. In addition, $625,000 is reserved to meet the 1/12th requirement pending the appropriation of the wage increase. The General Fund also has a recurring revenue to recurring appropriation balance in excess of the $8,127,000 to allow for this wage increase to be paid out on a permanent basis.
Section 3. The amount of $250,000 is hereby reserved in the General Fund for a special election for ballot initiatives relating to proposed amendments to the City Charter.
Section 4. The a...