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HomeMy WebLinkAbout2025-10-8861ORDINANCE NO. 2025-10-8861 AN ORDINANCE AMENDING ORDINANCE NO. 2025-06-8847, ENTITLED, "AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, ANNUAL OPERATING BUDGET FOR THE FISCAL YEAR JULY 1, 2025, THROUGH JUNE 30, 2026, BY ESTIMATING REVENUES AND RESOURCES AND APPROPRIATING FUNDS FOR THE OPERATION OF CITY GOVERNMENT" WHEREAS, on September 16, 2024, the City of Paducah received notification from the US Department of Housing and Urban Development that Paducah had been selected as an entitlement community for the purpose of Community Development Block Grant funding; and WHEREAS, The City of Paducah accepted designation and was allocated $583,406 in funding for the 2025-2026 federal fiscal year; and WHEREAS, as part of the Grant Agreement the City must provide evidence of a budget ordinance/amendment indicating inclusion of CDBG funds into the City's 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, 2025, and ending June 30, 2026, as adopted by Ordinance No. 2025-06-8847, be amended by the following re -appropriations: • Increase revenues and expenditures for the CDBG Fund by $583,406.00. SECTION 2. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. George Bray, Mayor ATTEST: H)a\ PCQ� �--=1;indsay Pari 4, City Clerk Introduced by the Board of Commissioners, October 2, 2025 Adopted by the Board of Commissioners, October 21, 2025 Recorded Lindsay Parish, City Clerk, October 21, 2025 Published by The Paducah Sun, October 24, 2025 \ord\finance\budget amend FY26 CDBG Entitlement Community