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Legal Notices

Posted on: September 23, 2020

Ordinance 20-020

Ordinance 20-020

 

An ordinance Authorizing Supplemental Appropriation No. 5 

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 - Funds transfer from Public Improvements Fund to Gateway Capital Project Fund

 

Fund 520 - Gateway Project

    520-000-6-700-04 – Transfer in Sales & Use Tax                             $170,000.00  

Total Transfers In                                                                                         $170,000.00

 

The Financing Source for this transfer is from the following account:

Fund 213 – Public Improvements Fund                                                   

     213-000-7-899-31 Transfer out to Gateway Project                         $170,000.00

Total Source of Funding                                                                            $170,000.00 

 

Part 2 - Funds transfer from the City Council Priority Project Fund (General Fund unassigned reserves) to the Public Improvements Fund to be used towards the Parks & Recreation Master Plan Project and addition of funds to current budget due to increase of project’s scope 

 

Fund 213 – Public Improvements Fund

      213-000-0-102-00 Cash                                                                       $100,000.00  

      213-000-5-940-04 Parks & Rec Improvements                                $  30,000.00

 

Total Transfers In                                                                                         $100,000.00

Total project budget increase                                                                    $  30,000.00 

 

The Financing Source for this transfer is from the following account:

Fund 101 – General Fund (CCPPF) 

     101-000-7-899-05 Transfer out                                                            $100,000.00 

Total Source of Funding                                                                            $100,000.00

 

 

 

All ordinances or parts of Ordinances in conflict herewith are hereby repealed. 

 

First Reading:           September 8, 2020

Second Reading:     September 22, 2020

Published:                 September 25, 2020

                                                                                    CITY OF BROOKINGS

 

 

                                                                                                                                                

                                                                                    Keith W. Corbett, Mayor

ATTEST:

 

 

                                                            

Bonnie Foster, City Clerk

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