HomeMy WebLinkAboutItem #27 - First Reading Ordinance__ - r
J-88-120
1/29/88 ,~ .+.Am ndment No. 2 ~~S
_ ~ r~rdinance No. 10321
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ORDINANCE N0.
AN ORDINANCE AMENDING SECTIONS 2 AND 6 OF
ORDINANCE NO. 10321, ADOPTED SEPTEMBER 22,
1987, THE ANNUAL APPROPRIATIONS ORDINANCE FOR
THE FISCAL YEAR ENDING SEPTEMBER 30, 1988; BY
ESTABLISHING A NEW SPECIAL REVENUE FUND
ENTITLED: "COMMUNITY DEVELOPMENT BLOCK GRANT
APPROPRIATION - FY'88", APPROPRIATING FUNDS
FOR ITS OPERATION IN THE AMOUNT OF $13,$50,000
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 ited States Departure Housing and
Urban Development and an ipated program incom d
WHEREAS, t s anticip d ' t at pproximately
$13,850,000 in endi ures of Comm evelopment Block Grant
funds, and pro income ever d by CDBG activities, will
- occur dur g he iscal yea nd September 30, 1988; and
W E AS, to conf o generally aceepted accounting
princip , the aforementio ed revenues should be appropriated
annually`ibased on anticipated expenditures so that the City's
financial statements will show a realistic comparison of expenses
versus appropriations;
NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE
CITY OF MIAMI, FLORIDA:
Section 1. Sections 2 and 6 of Ordinance No. 10321
adopted September 22, 1987, the annual appropriations ordinance
for the fiscal year ending September 30, 1988, 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 effeet and remain unchanged.
Asterisks indicate omitted and unchanged material.