Loading...
HomeMy WebLinkAboutResolution 5230 Amending the City's Annual Budget to Increase Revenue Estimates and Appropriations for Local Covid-19 Relief Programs in the General Fund RESOLUTION 5230 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA, AMENDING THE CITY’S ANNUAL BUDGET TO INCREASE REVENUE ESTIMATES AND APPROPRIATIONS FOR LOCAL COVID-19 RELIEF PROGRAMS IN THE GENERAL FUND. WHEREAS, the City Commission did, on the 22nd day of June, 2020, after due and proper legal notice, conduct a public hearing and adopt a municipal budget for Fiscal Year 2020- 2021 (Fiscal Year 2021); and WHEREAS, the City Commission did, on the 24th day of November, 2020, after due and proper legal notice, conduct a public hearing on proposed amendments to the municipal budget. NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman, Montana, to wit: Section 1 – Appropriation Additions The City Commission of the City of Bozeman, Montana, does hereby increase appropriations in the General Fund for COVID relief grant programs in the following amounts: Non Profit Support Program $2,709,225 Business Support Program $1,083,690 COVID City Operations Program $1,083,690 Reserve for Future COVID Needs $ 541,845 Total Appropriations Increase $5,418,450 Section 2 – Revenue Estimate The City Commission does hereby estimate additional revenues will be received in the General Fund from the State of Montana’s Governor’s Coronavirus Relief Fund in the amount of $4,160,250. DocuSign Envelope ID: 530BC98A-6200-4947-AF17-F65335E5543E These revenues will be used to support the appropriations for the above COVID relief grant programs. Section 3 - Use of Cash on Hand in the General Fund The City Commission does hereby allocate the use of $1,258,200 of existing cash-on- hand to support the above COVID relief grant programs. This cash-on-hand comes from the revenue received in the prior fiscal year under the State of Montana’s Governor’s Coronavirus Relief Fund. Section 4 Pursuant to Section 7-6-4030, M.C.A., this resolution, upon its passage, shall be in full force and effect on July 1, 2020. Section 5 That should it be found by any court of competent jurisdiction that any section, clause, portion, sentence, word, or phrase of this resolution is deemed to be contrary to any existing law or regulations, that in this instance, it is the intent of the City Commission of the City of Bozeman, Montana, that all other portions, sections, words, clauses, phrases, or paragraphs of this document shall remain in full force and effect. PASSED, ADOPTED, AND APPROVED by the City Commission of the City of Bozeman, Montana, at a regular session thereof held on the 24th day of November, 2020. ___________________________________ CYNTHIA L. ANDRUS Mayor ATTEST: ___________________________________ MIKE MAAS City Clerk DocuSign Envelope ID: 530BC98A-6200-4947-AF17-F65335E5543E APPROVED AS TO FORM: ___________________________________ GREG SULLIVAN City Attorney DocuSign Envelope ID: 530BC98A-6200-4947-AF17-F65335E5543E