HomeMy WebLinkAboutOrd. 20-003Ordinance 20-003
An Ordinance Authorizing Supplemental Appropriation No.2 to the 2020 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 2020 budget:
Part 1 — Change Increase/(Decrease)
20th St Interchange Project -
General Fund
101-000-0-210-00 Restricted Economic Development Reserves ($1,204,998) Economic Dev Reserves per G&E policy
101-000-0-102-00 Cash OH/Reserves ($795,002) Unrestricted reserves per CC action
Total Fund Change ($2,000,000)
20th St Interchange Project Fund
528-000-6-700-00
Transfer In General Fund
$2,000,000
Income from General Fund
528-000-4-441-08
Reimbursed Expense
$2,669,407
Income from County and Private Donors
528-000-5-422-03
Consulting/Engineering
$740,558
Estimated cost
528-000-5-940-00
Other Capital
$3,928,849
Estimated Cost
Total Fund Change
$0
All Ordinances or parts of Ordinances in conflict herewith are hereby repealed.
First Reading:
Second Reading:
Published:
ATTEST:
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ister, City Clerk
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January 28, 2020
February 11, 2020
February 14, 2020
CITY OF BROOKINGS
Keith W. Corbett, Mayor