HomeMy WebLinkAbout2019-06-8577ORDINANCE NO. 2019-6-8577
AN ORDINANCE AMENDING ORDINANCE NO. 2018-06-8537,
ENTITLED, "AN ORDINANCE ADOPTING THE CITY OF PADUCAH,
KENTUCKY, ANNUAL OPERATING BUDGET FOR THE FISCAL YEAR JULY 1,
2018, THROUGH JUNE 30, 2019, BY ESTIMATING REVENUES AND
RESOURCES AND APPROPRIATING FUNDS FOR THE OPERATION OF CITY
GOVERNMENT"
WHEREAS, the City of Paducah entered into a Project Partnership
Agreement with the United States Army Corps of Engineers for reconstruction of the
City of Paducah's Local Flood Protection Project by adoption of Ordinance No. 2017 -05 -
WHEREAS, pursuant to the Project Partnership Agreement, the Corps of
Engineers is requesting a cash draw of $750,000.00; and
WHEREAS, KRS prohibits expenses to exceed the budget in any
department and it is therefore necessary to amend the City's FY2019 budget.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF
PADUCAH, KENTUCKY:
SECTION 1. That the annual budget for the fiscal year beginning July 1,
2018, and ending June 30, 2019, as adopted by Ordinance No. 2018-06-8537, be
amended by the following re -appropriations:
• Transfer $750,000 from the FY2019 General Fund Reserve to the
Floodwall Cash Match (FW0016) Project Account
SECTION 2. This ordinance shall be read on two separate days and will
become effective upon summary publication pursuant to KRS Chapter 424.
Brandi Harless, Ma r
ATT ST:..
mdsay Parish, clerk
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Introduced by the Board of Commissioners, June 11, 2019
Adopted by the Board of Commissioners, June 25, 2019
Recorded Lindsay Parish, City Clerk, June 25, 2019
Published by The Paducah Sun, July 2, 2019
\ord\finance\budget amend 2018-19 - June 2019 (2nd Amendment)