HomeMy WebLinkAbout2020-03-8622ORDINANCE NO. 2020-03-8622
AN ORDINANCE AMENDING ORDINANCE NO. 2019-6-8578,
ENTITLED, "AN ORDINANCE ADOPTING THE CITY OF PADUCAH,
KENTUCKY, ANNUAL OPERATING BUDGET FOR THE FISCAL YEAR JULY 1,
2019, THROUGH JUNE 30, 2020, BY ESTIMATING REVENUES AND
RESOURCES AND APPROPRIATING FUNDS FOR THE OPERATION OF CITY
GOVERNMENT"
WHEREAS, the City of Paducah has been awarded the Better Utilizing
Investments to Leverage Development (BUILD) Grant by the U.S. Department of
Transportation.; and
WHEREAS, funds now need to be transferred into an appropriate project
account for project related expenses and matching funds for the BUILD grant; and
WHEREAS, KRS prohibits expenses to exceed the budget in any
department and it is therefore necessary to amend the City's FY2020 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,
2019, and ending June 30, 2020, as adopted by Ordinance No. 2019-6-8578, be amended
by the following re -appropriations:
• Transfer $1,500,000 from the FY2020 General Fund Unreserved Fund
Balance to the BUILD Grant Project (DT0050) Project Account
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, May '&
ATTE T: n
Lindsay Parish, Ci Clerk
Introduced by the Board of Commissioners, February 25, 2020
Adopted by the Board of Commissioners, March 10, 2020
Recorded Lindsay Parish, City Clerk, March 10, 2020
Published by The Paducah Sun, March 12, 2020
\ord\finance\budget amend 2019-20 - February 2020 (3`d Amendment)