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AN ORDINANCE FOR THE CONTINUED AUTHORIZATION OF FUNDING UNDER THE 2008 BUDGET EXCLUDING FIXED ASSETS AND CAPITAL IMPROVEMENTS
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Section 1. A.C.A. 14-58-201 requires on or before December 1, the mayor of all cities to submit to the governing body a proposed budget for operation of the city from January 1, to December 31 for the forthcoming year.
Section 2. A.C.A. 14-58-202 requires the governing body of the municipality to adopt a budget of operation of the city by February 1, of each year.
Section 3. Due to the need to continue funding past December 31, 2008, and to provide authorization for the daily operations of the city;
BE IT ORDAINED, by the City Council for the City of Jonesboro, Arkansas that the 2008 budget shall continue, excluding Fixed Assets and Capital Improvements, until no later than February 1, 2009 or before February 1, 2009 with the passage of the 2009 budget ordinance by the Jonesboro City Council.
Section 4. This ordinance being necessary for the financial continuity of the City of Jonesboro, there is hereby declared to be an emergency and this ordinance shall take effect from and after its passage and approval.
PASSED AND ADOPTED this 12th day of January, 2009.