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Pueblo de San Ildefonso Code.

6.3.25.010 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 FY2021-2022 Annual Budget is as follows:

ANNUAL BUDGET: FISCAL YEAR 2021-2022
GENERAL FUND $ 3,241,544.00
SPECIAL REVENUE FUND $ 9,945,006.00
CAPITAL PROJECTS FUND $ 10,301,448.00
TOTAL BUDGET: $ 23,487,998.00

(f) It has been determined that certain modifications to the FY 2021-2022 Annual Budget are necessary; and

(g) The Council has reviewed the proposed Budget Modification No. 1 and has determined that it is in the best interest of the Pueblo to approve Budget Modification No. 1; and

(h) The Pueblo's FY 2021-2022 Annual Budget amount for general funds will increase by $7,409.00 as a result of Budget Modification No. 1; and,

(i) the Pueblo's FY 2021-2022 Annual Budget amount for special revenue funds will not increase nor decrease as a result of Budget Modification No. 1 due to the development of the American Rescue Plan Act budget; and,

(j) the funds for increasing the General Fund for the Education Departments Scholarship increase will come from the Pueblo's investment account; and,

(k) The Pueblo's FY 2021-2021 Annual Budget after Budget Modification No. 1 is as follows:

ANNUAL BUDGET: FISCAL YEAR 2021-2022
GENERAL FUND $ 3,248,953.00
SPECIAL REVENUE FUND $ 9,945,006.00
CAPITAL PROJECTS FUND $ 10,301,448.00
TOTAL BUDGET: $ 23,495,407.00