6.3.25.040 Authorization for Fiscal Year 2021-2022 Budget Modification No. 1
(a) The current FY 2021-2022 Annual Budget, prior to this enactment, 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 | |
(b) The Council hereby approves Budget Modification No. 1 to the FY 2021-2022 Annual Budget as follows and as documented on the attached budgets.
| BUDGET | CODE | GENERAL FUND | JUSTIFICATION |
| Facilities | SI.118.000.00 | $ - | Reclasses less than 10% to align with costs |
| Historic Preservation | SI.132.000.00 | $ - | Reclasses less than 10% to align with costs |
| Education | SI.182.000.00 | $ 7,409.00 | Increase to fund scholarships for continuing education |
| TOTAL: | $ 7,409.00 | ||
| BUDGET | CODE | SPECIAL REVENUE FUND | JUSTIFICATION |
| American Rescue Plan Act | 21.019.ARP.21 | $ 4,825,932.00 | Creation of ARPA budgets to be included in the FY2021-2022 Annual Budget. The total amount reflects the remaining funds to be budgeted. |
| Revolving Loan Fund | $ 1,200,000.00 | The amount identified will come from the ARPA fund. | |
| TOTAL: | $ 6,025,932.00 | ||
(c) 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
(d) 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.
(e) The funds for increasing the General Fund for the Education Departments Scholarship increase will come from the Pueblo's investment account.
(f) The Fiscal Year 2021-2022 Annual Budget total 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 | |
