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Topics Of Discussion  
Council Work Session
 
Meeting Date:
12/06/2022
Supplemental Appropriations
Submitted By:
Jim Bell
Department:
Division:
Accounting
Council Committee Review?:
Council Work Session
Date(s) of Committee Review:
12/06/2022
Audio-Visual Needs:
None
Legal Review:
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:
- $56,461.40 transfer from FEMA Fund to Fire Fund for federal funds to be received in reimbursement of Fire overtime for deployment for Kentucky flooding and Hurricane Ian.
- $1,000,000 return of advance back to the General Fund for the initial funding of the Veterans Memorial construction project, prior to receipt of the bond proceeds.
- $116,000 to cover the differences in Aquatic Center revenues and expenses.
- $50,000 reduction in operating expenses in the Parks Division.
- $66,000 reduction in operating expenses of the Rose Music Center.
- $50,000 for repair/replacement costs of traffic control box at intersection of SR202 and Longford.
Fiscal Impact
Source of Funds:
Local Street Operating Fund
Cost:
$50,000.00
Recurring Cost? (Yes/No):
No
Funds Available in Current Budget? (Yes/No):
Yes
Financial Implications:
The return of Advance from Capital Improvement Fund to General Fund is revenue that was received from a bond issuance. The transfer from the FEMA Fund to Fire Fund is for federal funds that are anticipated to be received in December. These two costs are net neutral for fiscal impact to the budget.
Attachments
Ordinance
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