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HomeMy WebLinkAbout07137ORDINANCE NO. 7137 AN ORDINANCE APPROPRIATING $100,000 FROM THE GENERAL FUND RESERVES INTO THE GENERAL FUND CONTINGENCIES ACCOUNT IN THE 2004 BUDGET BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Funds in the amount of $100,000 are hereby appropriated from the General Fund Reserves and shall be placed in the General Fund Contingencies Account in the 2004 budget. SECTION 2. This Ordinance shall become effective upon passage. INTRODUCED April 12, 2004 X0 Michael Occhiato Councilperson U..♦ r ATTESTED BY: T CITY CLERK PASSED AND APPROVED April 26, 2004 ` _ )1 37 Background Paper for Proposed ORDINANCE AGENDA ITEM # DATE: April 12, 2004 DEPARTMENT: CITY MANAGER'S OFFICE LEE R. EVETT, CITY MANAGER DAVE GALLI, DEPUTY CITY MANAGER TITLE AN ORDINANCE APPROPRIATING $100,000 FROM THE GENERAL FUND RESERVES INTO THE GENERAL FUND CONTINGENCIES ACCOUNT IN THE 2004 BUDGET ISSUE In the 2004 budget, $100,000 was appropriated in the Contingencies Account for various unforeseen expenses that may occur. Currently, there is slightly over $4,100 remaining in that account with three- quarters of the Fiscal Year remaining. This ordinance will appropriate an additional $100,000 from the General Fund Reserves to be placed into the Contingencies Account. The additional $100,000 can then be used, with City Council approval by resolution, for additional unforeseen expenses over the remainder of the year. RECOMMENDATION Approval of the ordinance. FINANCIAL IMPACT Funds in the amount of $100,000 will be appropriated from the General Fund Reserves.