HomeMy WebLinkAbout2022-04-8733ORDINANCE NO. 2022-04-8733
AN ORDINANCE AMENDING ORDINANCE NO. 2021-06-8692, ENTITLED,
"AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, ANNUAL
OPERATING BUDGET FOR THE FISCAL YEAR JULY 1, 2021, THROUGH JUNE 30,
2022, BY ESTIMATING REVENUES AND RESOURCES AND APPROPRIATING FUNDS
FOR THE OPERATION OF CITY GOVERNMENT" AND AUTHORIZING THE FINANCE
DIRECTOR TO MAKE PAYMENT FOR THE BARKLEY REGIONAL AIRPORT
TERMINAL PROJECT
WHEREAS, the Board of Commissioners approved Ordinance No. 2021-08-8701
which authorized an Interlocal Agreement with McCracken County and the Barkley Regional
Airport (hereafter "Interlocal Agreement") to make a local share payment in an anticipated
amount of $2.9 million and not to exceed $3 million for the Barkley Regional Airport Terminal
Project.; and
WHEREAS, KRS prohibits expenses to exceed the budget in any department and
it is therefore necessary to amend the City's FY2022 budget.
KENTUCKY:
NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF PADUCAH,
SECTION 1. That the annual budget for the fiscal year beginning July 1, 2021,
and ending June 30, 2022, as adopted by Ordinance No. 2021-06-8692, be amended by the
following re -appropriations:
• Transfer $3,000,000 from the 2020A GOB Bond Proceeds to the Capital
Improvement Project Fund (Airport Terminal Project)
SECTION 2. That the Finance Director is hereby authorized to make payment to
the Barkley Regional Airport in accordance with the Interlocal Agreement from the Airport
Terminal Project Account.
SECTION 3. This ordinance shall be read on tyo" �eparate days and will become
effective upon summary publication pursuant to
George Bray, Mayor
ATTEST:
1-- C 7
Lindsay Paris City Clerk
Introduced by the Board of Commissioners, April 12, 2022
Adopted by the Board of Commissioners, April 26, 2022
Recorded Lindsay Parish, City Clerk, April 26, 2022
Published by The Paducah Sun, April 29, 2022
\ord\finance\budget amend 2021-22 - April 2022 —Barkley Regional Airport Terminal