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
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Michael Occhiato
Councilperson
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ATTESTED BY:
T CITY CLERK
PASSED AND APPROVED April 26, 2004
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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.