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HomeMy WebLinkAbout10623ORDINANCE NO. 10623 AN ORDINANCE APPROPRIATING $175,000 FROM THE GENERAL FUND RESERVE TO PROJECT CI2406 - JAN'24 MAYORAL RUNOFF ELECTION FOR MAYORAL RUNOFF ELECTION EXPENSES THAT OCCUR IN 2023. BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Funds in the amount of $175,000 are hereby appropriated and budgeted from the General Fund reserve to Project CI2406 - Jan'24 Mayoral Runoff Election for the purpose of paying expenses that occur for the January 2024 Mayoral runoff election in 2023. SECTION 2. The officers and staff of the City are authorized to perform any and all acts consistent with this Ordinance to implement the policies and procedures described herein. SECTION 3. This Ordinance shall become effective on the date of final action by the Mayor and City Council. Action by City Council: Introduced and initial adoption of Ordinance by City Council on December 11, 2023. Final adoption of Ordinance by City Council on December 26, 2023. President of City Council Action by the Mayor: ☒ Approved on December 29, 2023 . □ Disapproved on based on the following objections: Mayor Action by City Council After Disapproval by the Mayor: □ Council did not act to override the Mayor's veto. □ Ordinance re-adopted on a vote of , on □ Council action on _______ failed to override the Mayor’s veto. President of City Council ATTEST Deputy City Clerk City Clerk's Office Item # R1 Background Paper for Proposed Ordinance COUNCIL MEETING DATE: December 26, 2023 TO: President Heather Graham and Members of City Council CC: Mayor Nicholas A. Gradisar VIA: Marisa Stoller, City Clerk FROM: Alexandria Romero, Director of Finance SUBJECT: AN ORDINANCE APPROPRIATING $175,000 FROM THE GENERAL FUND RESERVE TO PROJECT CI2406 - JAN'24 MAYORAL RUNOFF ELECTION FOR MAYORAL RUNOFF ELECTION EXPENSES THAT OCCUR IN 2023. SUMMARY: This Ordinance budgets and appropriates $175,000 from the General Fund reserve to Project CI2406 for the payment of expenses that occur in fiscal year 2023. PREVIOUS COUNCIL ACTION: On November 27, 2023, by Ordinance No. 10608, City Council adopted and appropriated the Budget for 2024, which included Project CI2406 for the fiscal year 2024 for $300,000. BACKGROUND: Project CI2406 - Jan'24 Mayoral Runoff Election was budgeted and appropriated as part of the 2024 budget. Expenses for the January 2024 Mayoral runoff election will start to occur within fiscal year 2023. This Ordinance will budget and appropriate funds to be spent within fiscal year 2023, continuing into 2024. When all payments have been made for the January 2024 Mayoral runoff election, Project CI2406 will be closed and any remaining funds will be unappropriated and transferred to the General Fund reserve for future budget and appropriations. FINANCIAL IMPLICATIONS: The attached ordinance budgets and appropriates $175,000 from the General Fund reserves to Project CI2406 Jan'24 Mayoral Runoff Election. BOARD/COMMISSION RECOMMENDATION: Not applicable to this Ordinance STAKEHOLDER PROCESS: Not applicable to this Ordinance ALTERNATIVES: Failure to adopt this ordinance will result in the City Council not authorizing the budgeting and appropriation for the January 2024 Mayoral runoff election expenditures in 2023. RECOMMENDATION: Approval of the Ordinance. ATTACHMENTS: None