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E.
Topics of Discussion  
Council Work Session
 
Meeting Date:
10/19/2021
Supplemental Appropriations
Submitted By:
Jim Bell
Department:
Division:
Accounting
Council Committee Review?:
Council Work Session
Date(s) of Committee Review:
10/19/2021
Audio-Visual Needs:
None
Emergency Legislation?:
No
Motion/Ordinance/
Resolution No.:
Agenda Item Description or Legislation Title
Supplemental Appropriations
Purpose and Background
The supplemental appropriations are for the following purposes:
- $18,392.51 transfer from FEMA Fund to Fire Fund for reimbursement of O.T. for Hurricane Laura deployment (covered by a transfer of FEMA Grant Fund proceeds).
- $14,700 for retirement expenses in the Police Dept.
- $156,472 for Aquatic Center improvements.
- $44,400 for retirement expenses for an Engineering Inspector (three departments).
- $12,914,000 for the refinancing of 2013 and 2014 water bonds (covered by OWDA Loan proceeds).
Fiscal Impact
Source of Funds:
Various Funds
Cost:
$215,572
Recurring Cost? (Yes/No):
No
Funds Available in Current Budget? (Yes/No):
Yes
Financial Implications:
FEMA Grant Fund proceeds will be transferred to the Fire Fund to reimburse overtime expenses related to Hurrican Laura deployment. OWDA Loan proceeds will cover the expenses from the 2013 and 2014 water bonds refinancing. Therefore, those transactions have no fiscal impact on the budget.
Attachments
Ordinance
Ordinance - Amended
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