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HomeMy WebLinkAbout2019-06-8576ORDINANCE NO. 2019-6-8576 AN ORDINANCE AMENDING ORDINANCE NO. 2018-06-8537, ENTITLED, "AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, ANNUAL OPERATING BUDGET FOR THE FISCAL YEAR JULY 1, 2018, THROUGH JUNE 30, 2019, BY ESTIMATING REVENUES AND RESOURCES AND APPROPRIATING FUNDS FOR THE OPERATION OF CITY GOVERNMENT" WHEREAS, the City of Paducah plans to partner with McCracken County, Four Rivers Nuclear Partnership, and the State of Kentucky to build the Bob Leeper Bridge over Perkins Creek; and WHEREAS, in order to ensure the City's share of the project funding is in place, $80,000 must be moved from the FY2019 General Fund into the Bob Leeper Bridge Project; and WHEREAS, KRS prohibits expenses to exceed the budget in any department and it is therefore necessary to amend the City's FY2019 budget. NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the annual budget for the fiscal year beginning July 1, 2018, and ending June 30, 2019, as adopted by Ordinance No. 2018-06-8537, be amended by the following re -appropriations: • Transfer $80,000 from the FY2019 General Fund to the Bob Leeper Bridge Project SECTION 2. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. Brandi Harless, Mayo ATTEST: , f Lindsay Parish, C1 Clerk Introduced by the Board of Commissioners, May 28, 2019 Adopted by the Board of Commissioners, June 11, 2019 Recorded Lindsay Parish, City Clerk, June 11, 2019 Published by The Paducah Sun, June 13, 2019 \ord\finance\budget amend 2018-19 - May 2019 (1st Amendment)