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AN ORDINANCE TO AMEND THE 2010 ANNUAL BUDGET TO APPROPRIATE MONIES PAID BY CITY WATER & LIGHT (CWL) FOR THE PURCHASE OF SURVEYING EQUIPMENT TO THE 2010 ENGINEERING DEPARTMENT FIXED ASSET BUDGET LINE ITEM
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WHEREAS, CWL and the City of Jonesboro entered into a Joint Ownership and Operation Agreement on June 24, 2010 for the purchase and operation of surveying equipment; and,
WHEREAS, CWL contributed $20,000.00 for the purchase of the surveying equipment; and,
WHEREAS, the 2010 Annual Budget must be amended to appropriate CWLs contribution of $20,000.00 for the purchase of surveying equipment to the 2010 Engineering Department Fixed Asset Budget Line Item.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS THAT:
SECTION 1. The 2010 Annual Budget for the City of Jonesboro is amended in the amount of $20,000.00 to increase total appropriations to the 2010 Engineering Department Fixed Asset Budget Line Item for the purchase of surveying equipment.
SECTION 2. It is necessary that the finances of the City of Jonesboro, Arkansas be efficiently administered and accounted for, therefore, an emergency is hereby declared to exist and this ordinance shall take effect immediately upon its passage and approval.
PASSED AND ADOPTED this 20th day of July, 2010.