HomeMy WebLinkAbout2025-06-8848ORDINANCE NO. 2025-06-8848
AN ORDINANCE AMENDING ORDINANCE NO. 2024-06-8815, ENTITLED, "AN
ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, ANNUAL
OPERATING BUDGET FOR THE FISCAL YEAR JULY 1, 2024, THROUGH JUNE 30,
2025, BY ESTIMATING REVENUES AND RESOURCES AND APPROPRIATING FUNDS
FOR THE OPERATION OF CITY GOVERNMENT"
WHEREAS, in order for the City to cover all health insurance fund claims, it is
necessary for a budget amendment to be authorized by the City Commission.
KENTUCKY:
NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF PADUCAH,
SECTION 1. That the annual budget for the fiscal year beginning July 1, 2024,
and ending June 30, 2025, as adopted by Ordinance No. 2024-06-8815, be amended by the
following re -appropriations:
• Transfer $710,000 from the Health Insurance Funds' fund balance to the
FY2025 Health Insurance Claims Account.
SECTION 2. This ordinance shall be read on twq separate days and will become
effective upon summary publication pursuant to KRS
Bray, Mayor
ATTEST:
mdsay Pa�risf&ty Clerk
Introduced by the Board of Commissioners, June 10, 2025
Adopted by the Board of Commissioners, June 24, 2025
Recorded Lindsay Parish, City Clerk, June 24, 2025
Published by The Paducah Sun, June 28, 2025
\ord\fmance\budget amend FY2025 — Health Insurance