By Aberdeen Insider - November 26, 2024 in CITY OF ABERDEEN
ORDINANCE NO. 24-11-01
AN ORDINANCE SUPPLEMENTING THE ANNUAL APPROPRIATION
AS MADE FOR THE YEAR 2024 TO APPROPRIATE FUNDS
FOR VARIOUS UNANTICIPATED PROJECTS AND ACTIVITIES
WHEREAS, there are insufficient appropriated funds in the General Fund; for Financial Administration for outside legal services, online ordinance hosting, and insurance amounting to $42,000; Police and Fire equipment amounting to $105,000; Health &Welfare contributions amounting to $15,000; and Transfer Out to TIF #17 Fund Debt Service Reserve amounting to $275,000 and to Sewer Fund amounting to $1,000,000, to be made from said funds; and
WHEREAS, there are insufficient appropriated funds in the Airport Fund for AIP closeout amounting to $60,000 to be made from said fund; and
WHEREAS, there are insufficient appropriated funds in the Special Sales Tax Fund for transfer out amounting to $1,000 to be made from said fund; and
WHEREAS, there are insufficient appropriated funds in the Softball Bonds Debt Service Fund; for debt service expense amounting to $1,000, to be made from said fund; and
WHEREAS, there are insufficient appropriated funds in the TIF #19 Debt Service; for debt service expense amounting to $225,000, to be made from said fund; and
WHEREAS, there are insufficient appropriated funds in the TIF #26 Debt Service Fund; for debt service expense amounting to $700,000, to be made from said fund; and
WHEREAS, there are insufficient appropriated funds in the TIF #42 Debt Service Fund; for debt service expense amounting to $300,000, to be made from said fund; and
WHEREAS, there are in the following funds monies that are unappropriated and unexpended: $1,437,000 in the General Fund; $60,000 in the Airport Fund, $1,000 in the Special Sales Tax Fund, $225,000 in the TIF #19 Debt Service Fund, $700,000 in the TIF #26 Debt Service Fund, $300,000 in the TIF #27 Debt Service Fund, and that such monies can be used for said purposes.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF ABERDEEN AS FOLLOWS:
Section 1. Appropriation. There is hereby appropriated from the unappropriated and unexpended balance in the following funds: $1,437,000 in the General Fund; $60,000 in the Airport Fund, $1,000 in the Special Sales Tax Fund, $225,000 in the TIF #19 Debt Service Fund, $700,000 in the TIF #26 Debt Service Fund, $300,000 in the TIF #27 Debt Service Fund, for the aforesaid purposes.
Section 2. Interfund Transfers. The Finance Officer is hereby authorized to make such amounts available for the purposes above and to carry out the interfund transfers set forth in Section 1.
Section 3. Ordinance Effective Date. This ordinance is necessary for the support of the municipal government and its existing institutions and shall take effect upon the passage and publication thereof, and is not subject to the referendum process.
/s/Travis Schaunaman, Mayor, ATTEST: /s/ Jordan McQuillen, Finance Officer,
First Reading: November 18, 2024, Second Reading: November 25, 2024, Adopted: November 25, 2024, Published: November 26, 2024, Effective Date: December 16, 2024
Published once on November 26, 2024, at the total approximate cost of $32.76 and may be viewed free of charge at www.sdpublicnotices.com and www.aberdeeninsider.com