HomeMy WebLinkAbout2016-OR-4ORDINANCE NO. 2016 -OR -
AN ORDINANCE IMPLEMENTING PROCEDURES FOR APPROVING
CAPITAL EXPENDITURE PURCHASES AND LEASES
FOR REMAINING CALENDAR YEAR OF 2016 UNTIL
FURTHER APPROVAL BY THE COMMON COUNCIL
WHEREAS, the Common Council for the City of Jeffersonville, Clark
County Indiana (hereinafter the "Council"), as the City's statutory Fiscal and
Legislative Bodies, has previously approved the 2016 budget for the City which
included appropriations for capital expenditures and leases.
WHEREAS, due to the uncertainties in the future impact of circuit breaker
caps on the City budget and the uncertainties in future budget revenues, the
Council has determined that it is in the City's best financial interest to implement
procedures in approving capital expenditure purchases and leases in excess of
$5,000.00 for the remaining calendar year of 2016 until further consideration and
further approval by the Council after a specific request is made to the Council by
a department head or other appropriate City official;
NOW, THEREFORE, BE IT ORDAINED by the Common Council that the
Council hereby implements the following procedures for capital expenditure
purchases and leases from any property tax fund for the remaining calendar year
of 2016-
1 -
016:
1. That all capital expenditure purchases and leases in excess of
$5,000.00 from any property tax fund must be pre -approved by the City Council
after a specific request is made to the Council by a department head or other
appropriate City official;
2. That this Ordinance shall be effective immediately upon passage and
adoption.
Voted Against:
ADOPTED AND ORDAINED by the Common Council of the City of
Jeffersonville, Clark County, Indiana, upon this / day of 2016.
ZATTST:
Vicki Conlin, Clerk
City of Jeffersonville
PRESENTED by me t the Mayor of the City of Jeffersonville Clark County,
Indiana upon this day o 2016.
L L IL
Vicki Conlin, Clerk
City of Jeffersonville
SIGNED and APPROVED by me upon thispd day
2016.
Mike Mol re, Mayor
2