HomeMy WebLinkAboutItem #31 - First Reading Ordinancetit
8-14-89 3-89-7 7 2 q1j/
ORDINANCE NO. I
AN ORDINANCE AMENDING SECTIONS 2 AND 5 OF
ORDINANCE NO. 10484, ADOPTED SEPTEMBER 27,
1988, THE ANNUAL APPROPRIATIONS ORDINANCE FOR
THE FISCAL YEAR ENDING SEPTEMBER 30, 1989, BY
ESTABLISHING A NEW SPECIAL REVENUE FUND
ENTITLED "COMMUNITY DEVELOPMENT BLOCK GRANT
APPROPRIATION - FY189"; APPROPRIATING FUNDS
FOR ITS OPERATION IN THE AMOUNT OF
$12,342,000 FROM COMMUNITY DEVELOPMENT BLOCK
GRANT FUNDS AND PROGRAM INCOME FOR THE
PURPOSE OF CARRYING OUT COMMUNITY DEVELOPMENT
ACTIVITIES WITHIN THE CITY OF MIAMI;
CONTAINING A REPEALER PROVISION AND A•
SEVERABILITY CLAUSE.
WHEREAS, appropriations are made each year to a Special
Revenue Fund to reflect new Community Development Block Grant
(CDBG) awards made by the United States Department of Housing and
Urban Development and anticipateogram income; and
WHEREAS, it is ti?�;tedjhat approximately $12,342,000
in expen tures of o unitvopment Block Grant funds a
progr income ene d by CDBG activities, will ccuf ng
the f scal ear nding September 30, 1989; and
REAS, to conform to gener lly cc pt accounting
princip ls, the aforementi n d revgnu�e sho�l be appropriated
annually based on antics ate efen tures so that the City Is
financial statements will shoe a ali tic comparison of expenses
r
versus appropriations;
NOW, THEREFORE , T BE,RP,INED BY THE COMMISSION OF THE
CITY OF MIAMI, FLORIDA:
Section 1. Section 2 and 5 of Ordinance No. 10484 adopted
September 27, 1988, the Annual Appropriations Ordinance for the
fiscal year ending September 30, 1989, are hereby amended in the
following particulars 1 /
1
Words and/or figures stricken through shall be deleted.
Underscored words and/or figures shall be added. The
remaining provisions are now in effect and remain unchanged.
Asterisks indicate omitted and unchanged material. -