City of Albuquerque
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File #: R-15-181   
Type: Resolution Status: Enacted
File created: 4/6/2015 In control: City Council
Final action: 5/27/2015
Enactment date: 6/11/2015 Enactment #: R-2015-046
Title: F/S Appropriating Funds For Operating The Government Of The City Of Albuquerque For Fiscal Year 2016, Beginning July 1, 2015 And Ending June 30, 2016; Adjusting Fiscal Year 2015 Appropriations; Appropriating Capital Funds; And Rescinding Sections 3 And 4 Of Resolution F/S R-10-87, Enactment No. R-2010-101 (Pe?a)
Attachments: 1. R-181, 2. R-181 FY16 Proposed Budget Document, 3. R-181 Proposed Floor Substitute, 4. FS R-181Enacted
Date Action ByActionResultAction Details
6/11/2015 City Clerk Published  Action details
6/11/2015 Mayor Signed by the Mayor  Action details
6/3/2015 City Council Sent to Mayor for Signature  Action details
5/27/2015 City Council    Action details
5/27/2015 City Council Amended  Action details
5/27/2015 City Council Amended  Action details
5/27/2015 City Council AmendedFail Action details
5/27/2015 City Council TabledPass Action details
5/27/2015 City Council Passed as Substituted, as AmendedPass Action details
5/27/2015 City Council MotionFail Action details
5/27/2015 City Council Amended  Action details
5/27/2015 City Council AmendedFail Action details
5/27/2015 City Council AmendedPass Action details
5/27/2015 City Council MotionPass Action details
5/27/2015 City Council AmendedPass Action details
5/27/2015 City Council AmendedFail Action details
5/27/2015 City Council AmendedPass Action details
5/27/2015 City Council AmendedFail Action details
5/27/2015 City Council MotionFail Action details
5/27/2015 City Council AmendedPass Action details
5/27/2015 City Council SubstitutedPass Action details
5/7/2015 Committee of the Whole PostponedPass Action details
4/16/2015 Committee of the Whole PostponedPass Action details
4/6/2015 City Council Introduced and Referred  Action details
4/6/2015 President Referred  Action details
CITY of ALBUQUERQUE
TWENTY-FIRST COUNCIL


COUNCIL BILL NO. F/S R-15-181 ENACTMENT NO. ________________________

SPONSORED BY: Klarissa J. Pe?a


RESOLUTION
title
F/S Appropriating Funds For Operating The Government Of The City Of Albuquerque For Fiscal Year 2016, Beginning July 1, 2015 And Ending June 30, 2016; Adjusting Fiscal Year 2015 Appropriations; Appropriating Capital Funds; And Rescinding Sections 3 And 4 Of Resolution F/S R-10-87, Enactment No. R-2010-101 (Pe?a)
body
APPROPRIATING FUNDS FOR OPERATING THE GOVERNMENT OF THE CITY OF ALBUQUERQUE FOR FISCAL YEAR 2016, BEGINNING JULY 1, 2015 AND ENDING JUNE 30, 2016; ADJUSTING FISCAL YEAR 2015 APPROPRIATIONS; APPROPRIATING CAPITAL FUNDS; AND RESCINDING SECTIONS 3 AND 4 OF RESOLUTION F/S R-10-87, ENACTMENT NO. R-2010-101.
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 $43,073,000 is hereby reserved as the Operating Reserve Fund for the City of Albuquerque for Fiscal Year 2016. This amount includes an additional $1,000,000 to build-up the operating reserve above 1/12th in order to plan for future economic downturns and maintain current bond ratings. In addition, the amount of $277,000 is reserved for a potential runoff election.
Section 2. The amount of $1,341,000 is hereby reserved in the General Fund for employee labor negotiations. In addition, $113,000 is reserved to meet the 1/12th requirement pending the appropriation of the wage increase. The amount reserved is equivalent to a 3% salary increase for Transit Drivers and Security Offi...

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