HomeMy WebLinkAbout2018-01-8511ORDINANCE NO. 2018-1-8511
AN ORDINANCE AMENDING ORDINANCE NO. 2017-06-8487,
ENTITLED, "AN ORDINANCE ADOPTING THE CITY OF PADUCAH,
KENTUCKY, ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2017,
THROUGH JUNE 30, 2018, BY ESTIMATING REVENUES AND RESOURCES AND
APPROPRIATING FUNDS FOR THE OPERATION OF CITY GOVERNMENT"
WHEREAS, the Greenway Trail Phase V project requires at least
$100,790 in local matching funds along with grant funding of $403,150 for construction,
landscaping, architectural improvements to existing structures on the trail, and trail
seating; and
WHEREAS, City Hall Phase I cost was not known when the FY2018
budget was adopted and $4,374,564.60 was budgeted; and
WHEREAS, $337,000 has been obligated for engineering/design
administration services leaving a balance of $4,037,565 for construction; and
WHEREAS, the City has an actual bid in hand with a cost of $4,293,781
for the City Hall Phase I project; and
Phase I; and
WHEREAS, an additional $256,216 is required for the City Hall Project
WHEREAS, KRS prohibits expenses to exceed the budget in any
department, it is necessary to amend the City's FY2018 budget.
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That the annual budget for the fiscal year beginning July 1,
2017, and ending June 30, 2018, Ordinance No. 2017-06-8487, be amended by the
following re -appropriations:
• Transfer $100,790 from the Boyles Trust Fund within the Capital
Improvements Fund to the Greenway Trail Phase V Project
• Transfer $256,216 from General Fund fund reserves to the City Hall
Phase I Project within the Capital Improvements Fund
SECTION 2. This ordinance shall be read on two separate days and will
become effective upon summary publication pursuant to KRS Chapter 424.
Mayor
ATTEST:
Tammara S. Sanderson, City Clerk
Introduced by the Board of Commissioners, January 9, 2018
Adopted by the Board of Commissioners, January 23, 2018
Recorded Tammara S. Sanderson, City Clerk, January 23, 2018
Published by The Paducah Sun, January 26, 2018
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