Title
Ordinance No. 17-31 amending Ordinance No. 16-116 (2017 Appropriation Ordinance) for a supplemental appropriation to the General Fund in the amount of $2,486,100, to the City Funded CIP Fund in the amount of $1,582,300, to the Patty Jewett Golf Course Fund in the amount of $41,900, and to the Stetson Hills SIMD Fund in the amount of $66,780, for repairs related to the 2016 hail storm and the 2017 wind storm
Presenter:
Kara Skinner, Chief Financial Officer
Body
Summary:
The attached ordinance is a supplemental appropriation for:
- the General Fund in the amount of $2,486,100 for vehicle repairs and a transfer to the CIP Fund for facility repairs related to the 2016 hail storm and the 2017 wind storm. The sources of funds are insurance payments associated with the hail and wind storms and General Fund unrestricted fund balance.
- the City Funded CIP Fund in the amount of $1,582,300 for facility repairs related to damage from the 2016 hail storm and the 2017 wind storm. The source of funds is a transfer from the General Fund.
- the Patty Jewett Golf Course Fund in the amount of $41,900 for repairs related to the 2017 wind storm. The sources of funds are the insurance payment associated with the wind storm and the Patty Jewett Golf Course Fund available fund balance.
- the Stetson Hills Special Improvement Maintenance District (SIMD) Fund in the amount of $66,780 for repairs related to the 2017 wind storm. The source of funds is the Stetson Hills SIMD Fund available fund balance.
Previous Council Action:
On November 27, 2016, City Council approved the 2017 Budget per Ordinance No. 16-116, which included the appropriations for each of these funds.
On February 27, 2017, City Council received a presentation providing an Overview of Supplemental Appropriations Requests to be introduced at the March 13th City Council Work Session.
Background:
In the General Fund there are vehicle repairs as a result of the 2016 hail storm, and a transfe...
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