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HomeMy WebLinkAbout07904ORDINANCE NO. 7904 AN ORDINANCE AUTHORIZING THE TRANSFER OF $35,000 FROM GENERAL FUND RESERVES, AND BUDGETING AND APPROPRIATING THE SAME FOR THE PURCHASE AND INSTALLATION OF BACKUP GENERATORS AND ASSOCIATED COSTS NOW BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The amount of $35,000 to is hereby authorized to be transferred from the General Fund Reserves. CFrTI(lnl ') Said funds shall be budgeted and appropriated in the Capital Improvement Fund for the purchase and installation of backup generators. BY Vera Ortegon Councilperson PRt A :s r) a { C E INTRODUCED October 14, 2008 PASSED AND APPROVED: October 27, 2008 µ — �9 LJ ....... ..e. _..,. Background Paper for Proposed ORDINANCE AGENDA ITEM # 17 DATE: October 14, 2008 DEPARTMENT: FIRE -CHIEF CHRISTOPHER P. RILEY TITLE AN ORDINANCE AUTHORIZING THE TRANSFER OF $35,000 FROM GENERAL FUND RESERVES, AND BUDGETING AND APPROPRIATING THE SAME FOR THE PURCHASE AND INSTALLATION OF BACKUP GENERATORS AND ASSOCIATED COSTS ISSUE Should additional funds be appropriated to increase the 2008 capital projects fund? RECOMMENDATION Approval of Resolution. BACKGROUND The Fire Department received bids to purchase and install four generators. $90,000 is available from established grant and capital projects fund. FINANCIAL IMPACT This Ordinance increases the FY2008 city budget by appropriating an additional $35,000 to the capital projects fund.