HomeMy WebLinkAbout07696ORDINANCE NO. 7696
AN ORDINANCE INCREASING THE APPROPRIATION TO THE CITY COUNCIL BUDGET AND
TRANSFERRING THE AMOUNT OF $130,000 FROM THE FUND BALANCE OF THE GENERAL
FUND THEREFOR
WHEREAS, additional funding is needed in the budget of the City Council due to greater
than expected fees for professional services.
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
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The amount of $130,000 is hereby transferred from the General Fund reserves and
appropriated to account number 101 - 0100 - 411.30 -01.
INTRODUCED November 26, 2007
BY Randy Thurston
Councilperson
APPROVED: a
#? ESIDEINTof City Council
ATTESTED BY:
CITY CLERK
PASSED AND APPROVED: December 10. 2007
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Background Paper for Proposed
ORDINANCE
AGENDA ITEM # >4g �1
DATE: November 26, 2007
DEPARTMENT: OFFICE OF THE CITY MANAGER
DAVID J. GALLI, CITY MANAGER
DOUGLAS FITZGERALD, ASSISTANT CITY MANAGER
TITLE
AN ORDINANCE INCREASING THE APPROPRIATION TO THE CITY
COUNCIL BUDGET AND TRANSFERRING THE AMOUNT OF $130,000 FROM
THE FUND BALANCE OF THE GENERAL FUND THEREFOR
ISSUE
Should City Council approve an increase to their budget in the amount of
$130,000?
RECOMMENDATION
Approval of the Ordinance.
BACKGROUND
Throughout 2007, several issues have arisen that have required the City Council
to engage specialized outside legal counsel. The current budget did not
anticipate these issues and, therefore, does not have sufficient funds available
for the additional professional fees.
FINANCIAL IMPACT
The amount of $130,000 will be taken from the General Fund reserves.