Presentation and discussion of the Proposed FY 2024-25 Operating Budget and Capital Program, and discuss all funds of the City, including but not limited to General Fund, Debt Service Fund, Internal Services, Enterprise Funds, Special Revenue Funds, Component Units, Related Entities, Debt and Debt Obligations, Capital Improvement Program, current and proposed American Rescue Plan Act Funds and uses, and related and associated items and use of such funds; and provide direction to the City Manager to make changes to said Budget.
Jarrett Atkinson, city manager, gave a presentation on the Proposed FY 2024-25 Operating Budget and Capital Program and answered questions from City Council. Discussion included, but was not limited to: Enterprise Funds, including water and wastewater revenue and expense summary, rate model, capital improvement program, and fee changes.
Joe Jimenez, financial planning & analysis manager for LP&L, gave a presentation on the Proposed FY 2024-25 Operating Budget and Capital Program for Lubbock Power & Light and answered questions from City Council. Discussion included, but was not limited to, the LP&L revenue and expense summary and the rate model. Harvey Hall, chief financial officer for LP&L; and Joel Ivy, director of electric utilities for LP&L, gave comments and answered questions from City Council.
Mr. Atkinson continued presenting on Enterprise Funds, including Stormwater, Lake Alan Henry, Lubbock Preston Smith International Airport, Citibus, Lubbock Cemetery, Lubbock Memorial Civic Center, and Meadowbrook Golf Course; Internal Service Funds, including fleet services, health benefits, information technology, GIS & data services, telecommunications, radio shop, investment pool, print shop, warehouse, risk management, and internal service capital improvement program; and Special Revenue Funds, including tax increment financing zones, community development, economic development, gateway streets, hotel occupancy tax, and non-major special revenue funds. Cheryl Brock, interim chief financial officer; Kelly Campbell, executive director of aviation; Chris Mandrell, general manager of Citibus; Karen Murfee, director of community development; and Matt Wade, city attorney, gave comments and answered questions from City Council.
John Osborne, president and chief executive officer for Lubbock Economic Development Alliance (LEDA) and Market Lubbock, Inc., gave a presentation on the Proposed FY 2024-25 Operating Budget and Capital Program for Visit Lubbock, Lubbock Sports Authority, Lubbock Economic Development Alliance, and Market Lubbock, Inc., and answered questions from City Council.
