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HomeMy WebLinkAboutItem #1 Amend FY24 Appropriation OrdinanceCITY OF CHUBBUCK, IDAHO ORDINANCE NO. AN ORDINANCE OF THE CITY OF CHUBBUCK, A MUNICIPAL CORPORATION OF IDAHO, AMENDING ORDINANCE NO. 860, THE APPROPRIATION ORDINANCE FOR THE FISCAL PERIOD OCTOBER 1, 2023 THROUGH SEPTEMBER 30,2024; PROVIDING FOR AN INCREASE IN EXPENDITURES IN THE GENERAL FUND; WHICH INCREASES THE TOTAL FISCAL YEAR EXPENDITURES BY $463,025; PROVIDING THAT THE REVENUE TO PAY FOR SAID INCREASES SHALL BE DERIVED FROM ADDITIONAL MONIES RECEIVED AS EXCESS FROM CLOSED CHUBBUCK URBAN RENEWAL; PROVIDING THAT ALL OTHER PORTIONS OF APPROPRIATION ORDINANCE NO. 860 SHALL REMAIN IN FULL FORCE AND EFFECT; PROVIDING THAT THIS ORDINANCE SHALL BE IN FULL FORCE AND EFFECT FROM AND AFTER ITS PASSAGE, APPROVAL, AND PUBLICATION ACCORDING TO LAW. WHEREAS, the Fiscal Year 2024 Appropriations Ordinance was passed and approved: and WHEREAS, the Council has authorized the use of monies received as excess from closed Chubbuck urban renewal for additional expenditures in the General Fund; and WHEREAS an amendment to the FY 2024 appropriation ordinance is required to reflect these changes; and WHEREAS, notice and hearing have been provided in accordance with Idaho Code §50- 1002, §50-1003, and §50-1006; NOW THEREFORE, BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF CHUBBUCK, IDAHO AS FOLLOWS: Section 1. That the amount appropriated for the General Fund as set out in Section 3 of Ordinance #860 be hereby amended to reflect the allocation from monies from excess from closed Chubbuck urban renewal as follows: That the following sums of money are hereby appropriated from the General Fund expenses of the City of Chubbuck during aforesaid fiscal year: Adopted Budget Adjusted Budget General $9,973,573 $10,436,598 Section 2. That all other provisions of the Fiscal 2024 Appropriation Ordinance No. 860, not herein amended, shall remain in full force and effect. Section 3. That the rule requiring ordinances to be read on three separate days is hereby dispensed with, and this ordinance shall become effective upon its approval and publications provided by law. ORDINANCE AMENDING FISCAL YEAR 2024 APPROPRIATIONS ORDINANCE - Page PASSED BY THE COUNCIL AND APPROVED BY THE MAYOR OF THE CITY OF CHUBBUCK, IDAHO, this day of , 2024. ATTEST: Kevin B. England, MAYOR Joey Bowers, CITY CLERK ORDINANCE AMENDING FISCAL YEAR 2024 APPROPRIATIONS ORDINANCE - Page