Title
AN ORDINANCE ADOPTING A 2008 ANNUAL BUDGET FOR THE CITY OF JONESBORO (NOTE: THE BUDGET WAS AMENDED BY ORD-08:011 ON APRIL 1, 2008; ORD-08:026 ON MAY 6, 2008; ORD-08:041 ON JUNE 3, 2008; ORD-08:034 ON JULY 15, 2008; ORD-08:035 ON AUGUST 5, 2008; ORD-08:056 ON AUGUST 5, 2008; ORD-08:053 ON AUGUST 19, 2008; ORD-08:055 ON AUGUST 19, 2008; ORD-08:073 ON SEPTEMBER 16, 2008; ORD-08:075 ON SEPTEMBER 16, 2008; ORD-08:087 ON OCTOBER 7, 2008; ORD-08:096 ON OCTOBER 21, 2008; ORD-08:084 ON NOVEMBER 6, 2008; ORD-08:102 ON NOVEMBER 18, 2008; ORD-08:101 ON DECEMBER 2, 2008)
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BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS THAT:
SECTION ONE: The City Council of the City of Jonesboro, Arkansas herby adopts a 2008 Annual budget with an effective date of January 1, 2008 in the following amounts:
OPERATIONS & RESTRICTED
MAINTENANCE FUNDS OTHER FUNDS TOTAL
REVENUES $ 34,084,948 $ 11,286,602 $ 45,371,550
EXPENDIUTRES $ 35,643,381 $ 15,000,023 $ 50,643,404
SURPLUS $ (1,558,433) $ (3,713,421) $ (5,271,854)
(DEFICIT)
SECTION TWO: The said budget includes all expenditures, personnel costs, operational costs, equipment, maintenance repairs, holiday pay of all agents, servants and employees of the City of Jonesboro: including but not limited to uniform employees as provided for by laws of the State of Arkansas and all other necessary expenditures to service the City of Jonesboro, Arkansas.
SECTION THREE: The schedule of budgeted full-time salaries and positions and the schedule of fixed assets incorporated herein by reference are specified to attach to the specific budget appropriations adopted for these purposes.
SECTION FOUR: This ordinance being necessary for the financial continuity of the City of Jonesboro, Arkansas is hereby declared to be an emergency and this ordinance shall take effect from and after its passage and approval.
PASSED AND ADOPTED this 30th day of January, 2008.