HomeMy WebLinkAboutOrd. 19-021Ordinance 19-021
An Ordinance Authorizing a Supplemental Appropriation to the 2019 Budget
Be It Ordained by the City of Brookings, South Dakota:
Whereas State Law (SDCL 9-21-7) and the City Charter (4.06 (a) permit supplemental
appropriations provided there are sufficient funds and revenues available to pay the
appropriation when it becomes due,
Now, Therefore, Be It Resolved by the City Council that the City Manager be authorized
to make the following budget adjustments to the 2019 budget:
Part 1 -Change lncrease/(Decrease)
Change
75% Sales and Use Tax Increase/ Justification
(Decrease)
Revenue
1213-000-4-663-50 !Bond Proceeds 500 ,000.00 !Promissory Note Proceeds to fund final payment for PAC II Expansion
Total Change in revenue 500 ,000.00
Expense
1213-000-5-856-81 lsosu Performing Arts Center II I (500 ,000.00)llast payment for the $6M commitment for the PAC II Expansion RES 15-125 I
Total change in expense (500,000.00)
Total Impact to current budget
All Ordinances or parts of Ordinances in conflict herewith are hereby repealed.
First Reading:
Second Reading:
Published:
ATTEST:
December 10, 2019
January 14, 2020
January 17, 2020
CITY OF BROOKINGS
Keith W. Corbett, Mayor