A RESOLUTION AMENDING RESOLUTION 2015-17 OF THE CITY OF ELKINS, ARKANSAS; AMENDING THE BUDGET FOR THE PERIOD BEGINNING JANUARY 1, 2016, AND ENDING DECEMBER 31, 2016.
WHEREAS, the City Council has been confronted with unexpected and unanticipated billing in excess of the amount budgeted in Resolution 2015-17 and income different that anticipated for 2016; and,
WHEREAS, it is the opinion of the City Council that another Amendment to the budget adopted by Resolution 2015-17 is required to make appropriations of the revenue to cover the additional expenses for the year 2016.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF ELKINS, ARKANSAS:
Section 1: That Resolution 2015-17 which adopted the Budget for the City of Elkins, for the year 2016 which reflected estimates of revenue and expenditures, does not adequately meet the needs of the City of Elkins for 2016; Exhibit "B" reflects all budgeting changes necessary to adequately meet the City's expenditures and appropriations for 2016.
Section 2: The respective amounts in Exhibit "B", amended budget, reflect changes made in each line in Exhibit "A".
Section 3: It is necessary for the continued operation of municipal government that the budget approved by Resolution 2015-17 be amended to reflect the actual funds received and allocated for 2016. That Exhibit "B" Budget for 2016 is hereby adopted by the City Council of Elkins, Arkansas, as an amendment to the Exhibit "A" Budget adopted by Resolution 2015-17, to cover the period January 1, 2016 through December 31, 2016.
PASSED AND APPROVED this 16th day of February, 2017