HomeMy WebLinkAboutOrdinance 10- 1787 amending Ordinance 1729, General Fund Unreserved Fund BalanceORDINANCE NO. 1787
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF BOZEMAN
MONTANA AMENDING ORDINANCE 1729 PROVIDING THAT SECTION 3.30.040
MINIMUM LEVEL OF BUDGETED GENERAL FUND UNRESERVED FUND
BALANCE BE INCREASED TO 16 2/3%, AND ELIMINATING THE 5% MINIMUM
THRESHOLD,
BE IT ORDAINED By the City Commission of the City of Bozeman Montana that,
Section 1
That the Bozeman Municipal Code Chapter 3.30.040 be amended so that Chapter 3.30.040 reads:
3.30.040 Minimum Level of Budgeted General Fund Unreserved Fund Balance.
The City Manager will recommend and the Commission will adopt an Approved Budget that
results in a year-end General Fund Unreserved Fund Balance that of no less than 4-2% 16 2/3%
of estimated General Fund revenues. If the Commission desires to adopt or amend the budget in
a way that decreases the General Fund Unreserved Fund Balance to a level below 4-2% 16 2/3%
of estimated General Fund Revenues, they may do so after holding a separate public hearing to
state why it is in the best interest of the City to do so.
to state law.
This limit does not apply in case of an emergency, pursuant
Section 2
Repealer: All resolutions ordinances and sections of the Bozeman Municipal Code and
parts thereof in conflict herewith are hereby repealed.
Section 3
Savings provision: This ordinance does not affect the rights and duties that matured
penalties that were incurred or proceedings that were begun before the effective date of this
ordinance
Section 4
Severability: If any portion of this ordinance or the application thereof to any person or
circumstances is held invalid such invalidity shall not affect other provisions of this ordinance
which may be given effect without the invalid provisions or application and the provisions of this
ordinance are declared to be to this end severable.
Section 5
Effective Date: This ordinance shall be in full force and effect thirty 30 days after final
adoption.
Section 6
Codification Instruction: The provisions of Section 1 shall be codified as appropriate in
Title 3, Chapter 3.30.040 of the Bozeman Municipal Code.
PASSED by the City Commission of the City of Bozeman Montana on first reading at a
regular session thereof held on the 26th day of April, 2010
ATTI
STA
;z
City Clirk
ATTEST:
STA Y
City Clerk
PAS E b�th City Commission of the City of Bozeman Montana on second reading at
a regular session thereof held on the 17 day of May, 2010.
APPROVE AS TO FORM:
G SULLIVAN
Ci ''Attorney