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Pueblo de San Ildefonso Code.

6.3.12.010 Findings

(a) The Pueblo de San Ildefonso ("Pueblo') is a sovereign and self-governing Tribe, recognized as such by the United States of America; and

(b) The Council is authorized to make laws for the Pueblo de San Ildefonso pursuant to Section 5 of the Agreement; and

(c) Section 5(a)(ii)(A) of the Agreement requires the Pueblo to enact an Annual Budget that includes all projected revenues and expenditures; and

(d) Section 5(a)(ii)(A) of the Agreement also allows budget modifications by the Council no more than twice a year; and

(e) The Council approved the FY2016-2017 Annual Budget on June 16, 2016, and has implemented two New Funding Adjustments and one Budget Modification resulting in the current budget total as follows:

ANNUAL BUDGET: FISCAL YEAR 2016-2017
GENERAL FUND $ 2,416,279.00
SPECIAL REVENUE FUND $ 8,255,698.53
CAPITAL PROJECTS FUND $ 1,010,770.50
BUSINESS FUND $ 1,261,145.26
TOTAL BUDGET: $ 12,943,893.29

(f) It has been determined that certain modifications to the FY 2016-17 Annual Budget are necessary; and

(g) The Council has reviewed the proposed Budget Modification No. 2 and has determined that it is in the best interest of the Pueblo to approve Budget Modification No. 2; and

(h) The Pueblo's FY 2016-2017 Annual Budget amount will not increase as a result of Budget Modification No. 2; and

(i) The Pueblo's FY 2016-2017 Annual Budget remains as follows:

ANNUAL BUDGET: FISCAL YEAR 2016-2017
GENERAL FUND $ 2,416,279.00
SPECIAL REVENUE FUND $ 8,255,698.53
CAPITAL PROJECTS FUND $ 1,010,770.50
BUSINESS FUND $ 1,261,145.26
TOTAL BUDGET: $ 12,943,893.29