HomeMy WebLinkAbout2023-06-8783ORDINANCE NO. 2023-06-8783
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 FY2023 budget, the City Commission appropriated $400,000 to
the'City Facilities Improvement Project (PF0079)' set aside for future use for major facility
improvements; and
WHEREAS, the City Commission now wishes to amend the FY2023 budget to
move $650,000 from Fund Balance Reserves to the City Improvements Project in order to
enhance the project's available balance.
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 -appropriation:
• Move $650,000 from Fund Balance Reserves to City Improvement Project,
PF0079.
SECTION 2. This ordinance shall be read on ty�separate days and will become
- effective upon summary publication pursuant to
Bray,
ATT ST:
Lindsay Parish, ity Clerk
Introduced by the Board of Commissioners, June 13, 2023
Adopted by the Board of Commissioners, June 27, 2023
Recorded Lindsay Parish, City Clerk, June 27, 2023
Published by The Paducah Sun, July 4, 2023
\ord\finance\budget amend FY2023 — Transfer from Fund Balance Reserves to City Improvements Project