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HomeMy WebLinkAbout2023-01-8756ORDINANCE NO. 2023-01-8756 AN ORDINANCE AMENDING ORDINANCE NO. 2022-06-8740, ENTITLED, "AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, ANNUAL OPERATING BUDGET FOR THE FISCAL YEAR JULY 1, 2022, THROUGH JUNE 30, 2023, BY ESTIMATING REVENUES AND RESOURCES AND APPROPRIATING FUNDS FOR THE OPERATION OF CITY GOVERNMENT" WHEREAS, the City of Paducah applied for and received a Community Development Block Grant in the amount of $1,000,000 on behalf of the Paducah -McCracken County Senior Center to assist with the purchase of a lot at 1600 Kentucky Avenue and the building of a new 7,000 square foot facility; and WHEREAS, the Grant Agreement between the Commonwealth of Kentucky and City of Paducah requires evidence of a budget ordinance/amendment indicating inclusion of CDBG-CV funds into the City's budget; and WHEREAS, the City Commission now wishes to amend the FY2023 budget to satisfy the requirement of the Commonwealth. KENTUCKY: NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF PADUCAH, SECTION 1. That the annual budget for the fiscal year beginning July 1, 2022, and ending June 30, 2023, as adopted by Ordinance No. 2022-06-8740, be amended by the following re -appropriations: • Increase revenues and expenditures for the CDBG Fund by $1,000,000 SECTION 2. This ordinance shall be read on t)*o separate days and will become effective upon summary publication pursuant to Bray, ATTEST: t_ Lindsay Parish, 'ity Clerk Introduced by the Board of Commissioners, December 15, 2022 Adopted by the Board of Commissioners, January 10, 2023 Recorded Lindsay Parish, City Clerk, January 10, 2023 Published by The Paducah Sun, January 14, 2023 \ord\finance\budget amend FY2023 — CDBG Senior Center