Title
AN ORDINANCE AMENDING ORDINANCE NO. 13-164 MAKING APPROPRIATIONS FOR THE CURRENT EXPENSES AND OTHER EXPENDITURES OF THE CITY OF HUDSON DURING THE FISCAL YEAR ENDING DECEMBER 31, 2014 BY MAKING ADDITIONAL AND/OR AMENDED APPROPRIATIONS RELATED TO THE FOURTH QUARTER OF 2014.
Executive Summary: This Ordinance will amend the original budget for 2014 to include expenditures that were previously not included. A summary of the requested amendments are attached.
Body
Legislative History
Ordinance 13-164 established appropriations (ie. budget) for 2014. It was passed December 18, 2013.
Purpose & Explanation
This ordinance amends the budget for expenditures that were not originally included in the budget. These items typically include new requests, increased or unexpected costs and/or budgeted expenditures that were carried over from the prior year.
Update for 12/17/14 meeting: we added $21,420 out of our Fire Claim Fund to pay insurance proceeds held in escrow by the City for repairs to a 2012 fire on Division Street. Upon approval of the Fire Department, funds will be released.
Timing Considerations
None.
Fiscal Impact
Currently Budgeted
X Supplemental Appropriation Required
Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends passing the Ordinance amending 2014 appropriations.
Submitted by,
Jane Howington, City Manager
Jeffrey F. Knoblauch, Finance Director