(The Center Square) — Several budget amendments are up for final passage on this week’s Shreveport City Council agenda, along with two zoning cases.
The city council is considering passing or denying amendments to the Debt Service Fund Budget, the Capital Projects Fund Budget, the Capital Improvements Budget and the Airport Enterprise Fund Budget.
Ordinance 63 details a $250,000 reimbursement the city received from the state treasury. The funds were previously used for lighting upgrades. If amended, the funds will go towards a new lighting capital project for the city’s current needs.
According to Ordinance 64, the Debt Service Fund needs to be amended to give updated estimates for revenues and expenditures. If amended, it would decrease the estimated fund balance by $1.24 million as of Jan. 1 for revenues, and increase principal and interest by $3.58 million for appropriations as well as decrease the Dec. 31 fund balance by $4.82 million.
Ordinance 65 looks to amend the Capital Improvements Budget for the year to shift project funding. The appropriations are for airport improvement, specifically the parking lot expansion. Appropriations total $4 million, and the funding source is from the Shreveport Airport Authority.
Ordinance 65 also concerns the $4 million for the airport. The city is proposing to amend the appropriations section by decreasing the operating reserve by $4 million and increasing the transfer to the Capital Improvements Budget by the same amount.
Other budget amendments concern the Riverfront Development Special Revenue Fund but cannot be adopted before Aug. 12. This ordinance would increase the prior-year fund balance by $735,500 in the estimated revenues section and increase contractual services by $97,000 and operating reserves by $638,500 in the appropriations section.
For zoning cases, the council will consider two: Zoning case No. 25-28 and 25-50. These zoning cases concern property on Live Oak Street and also Hilry Huckaby Avenue.
The city council will meet on Tuesday.
