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HomeMy WebLinkAbout2018-02-8514ORDINANCE NO. 2018-2-8514 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 City intends to approve a contract with an executive search firm for the purpose of recruiting a new City Manager; and WHEREAS, the City has an actual proposal in hand with a cost of $28,000 for executive search firm services; and WHEREAS, this expense was unforeseen and is not provided for in the current FY2018 budget; and 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 $28,000 from the General Fund (1000) fund reserves to the Human Resources `Contract Services' Account (1000 3511523 070) SECTION 2. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. ATTEST: Tammara S. Sanderson, City Clerk Mayor Introduced by the Board of Commissioners, January 23, 2018 Adopted by the Board of Commissioners, February 13, 2018 Recorded Tammara S. Sanderson, City Clerk, February 13, 2018 Published by The Paducah Sun, February 16, 2018 \ord\finance\budget amend 2017-18 - Feb 2018 (3`d Amendment) 150