HomeMy Public PortalAbout060-2015 - 2015 Budget ReductionsORDINANCE NO.60-2015
AN APPROPRIATION ORDINANCE AUTHORIZING A REDUCTION IN
APPROPRIATIONS FROM CERTAIN FUNDS
WHEREAS. Common Council of the City of Richmond, Indiana passed an annual budget for
fiscal year 2015 on October 21 st, 2014 with Ordinance 42-2014; and
WHEREAS, it has been shown that certain existing appropriations now have unobligated balances
that will not be needed for the purposes for which appropriated, thus allowing the
aforementioned reductions.
NOW, THERFORE, be it ordained by the Common Council of the City of Richmond,
Indiana, that the following reductions in appropriations are hereby approved for the funds as indicated:
1. Reduction in Midwest Industrial Park Fund
Midwest Industrial Park
Capital Outlays 75,000
Total Midwest Industrial Park 75,000
2. Reduction in Hazardous Materials Fund
Hazardous Materials
Supplies 5,000
Total Hazardous Materials 5,000
3. Reduction in Health Insurance Fund
Heatlh Insurance
Other Services & Charges 935,000
Total Health Insurance 935,000
4. Reduction in Certified Technoloay Park Fund
Certified Technology Park
Capital Outlays 3,350,000
Total Certified Tech Park 3,350,000
5. Reduction in Property & Liability Insurance Fund
Property & Liability Insurance
Other Services & Charges 132,000
Total Property & Liablity Insurance 132,000
0
6. Reduction in Enaineerin¢-General Fund
Engineering -General Fund
Personal Services 10,000
Other Contract Services 5,000
Total Engineering 15,000
7. Reduction in Infrastructure Fund
Infrastructure
Capital Outleys 40,000
Total Infrastructure 40,000
8. Reduction in EDIT Fund
EDIT
Capital Outlays 195,000
Total EDIT 195,000
9. Reduction in TIF Fund
TIF
Capital Outleys 2,076,148
Total TIF 2,076,148
TOTAL 2015 BUDGET REDUCTIONS $6,823,148.00
Passed and adopted this 5th day of October, 2015 by the Common Council of the City of Richmond, Indiana
VN--,A // (;b, , President
(Dr. Ronald Oler)
ATTEST:
(Karen Chasteen, IAMC, MMC)
PRESENTED to the Mayor of the City of Richmond, Indiana, this 7th day of October, 2015 at 9:00 am
(Karen Chasteen, L4MC, MMC)
• APP D by me, Sarah L. Hutton, Mayor of the City of Richmond, Indiana, this day of
2015 at 9:05 am.
Mayor
(Sarah L. Hutton)
ATTE • / /
(Karen Chasteen, IAMC, MMC)