City of Brandon - Ordinance #609
_____ ORDINANCE #609 ______
AN ORDINANCE OF THE CITY OF BRANDON, SOUTH DAKOTA PROVIDING FOR A SUPPLEMENTAL APPROPRIATION FOR THE FISCAL YEAR 2020.
WHEREAS, the City of Brandon has additional expenses in accounts as follows:
Core Area Reconstruction Project
Project 540-4312-43300
Improvements $1,000,000.00
Revenue 540-390391020
Bond Proceeds $ 1,000,000.00
Ironwood SPA Project
Project 530-4312-42200
Professional Services $19,000.00
Transfer In 530-390391010
Transfer In $19,000.00
General Fund
Economic Dev 101-4651-41100
Wages $20,000.00
Economic Dev 101-4651-41200
Social Security $1,530.00
Economic Dev 101-4651-41400
Work Comp $ 50.00
Economic Dev 101-4651-41500
Insurance $ 800.00
Economic Dev 101-4651-41600
Unemployment Ins $100.00
Economic Dev 101-4651-42600
Supplies $250.00
Economic Dev 101-4651-42700
Travel $250.00
Economic Dev 101-4651-42800
Utilities $600.00
Parks 101-4522-42200
Professional Services $12,600.00
Parks 101-4522-43900
Stone Ridge Park $100,000.00
Transfer Out 101-5110-51100
Op Transfer Out(Ironwood)
$19,000.00
Unassigned Fund Balance-General Fund $155,180.00
Revolving Loan Fund
Loans 102-5100-49000 COVID Loan Response $300,000.00
Unassigned Fund Balance-Revolving Loan Fund $300,000.00
Third Cent Sales Tax Fund
Chamber 211-4194-42740
Additional Funding $15,000.00
Unassigned Fund Balance-Third Cent Fund $15,000.00
WHEREAS, the City of Brandon intends to finance the balance as stated above.
WHEREAS, the City of Brandon intends to refund the general fund for operating transfer out if bonds are issued for the above projects.
THEREFORE LET IT BE ORDAINED that the above listed expenditures be adopted to supplement the 2020 budget to meet the obligations of the municipality.
Adopted this 15th day of June, 2020.
Paul J Lundberg
ATTEST:
Mayor
Christina Smith
Municipal Finance Officer
(SEAL)
First Reading – June 1, 2020
Second Reading – June 15, 2020
Published – June 24, 2020
Effective Date – July 15, 2020
Published once at the approximate cost of $24.87
June 24, 2020
