ORDINANCE AND RESOLUTION FACT SHEET					City of Shreveport
TITLE			DATE			ORIGINATING DEPT./DIV.
AN ORDINANCE AMENDING THE 2009 RIVERFRONT DEVELOPMENT SPECIAL REVENUE FUND BUDGET, AND TO OTHERWISE PROVIDE WITH RESPECT THERETO.			October 13, 2009			EXECUTIVE OFFICE
						SPONSOR OR COUNCIL MEMBER
						MAYOR CEDRIC B. GLOVER
PURPOSE
To adjust funds within the 2009 Riverfront Development Special Revenue Fund Budget by increasing Operating Reserves by $3,937, and by decreasing Transfer to Capital Projects by $3,937.
This Ordinance or Resolution will have direct impact on Council District:							All
BACKGROUND INFORMATION
Capital project Riverfront Parking Structure (05A001) will be closed in Ordinance 106 of 2009. In August 2009, the remaining $2,776 was transferred back to Riverfront Fund. Capital project Municipal Auditorium and HVAC Improvements (08A003) will be closed by Ordinance 106 of 2009. In August 2009, the remaining $1,161 was transferred back to Riverfront Fund. This amendment reconciles the budget to the accounting system.
TIMETABLE
Introduction:	October 13, 2009
Final Passage:	October 27, 2009
SPECIAL PROCEDURAL REQUIREMENTS
None
FINANCES				SOURCE OF FUNDS
CONCLUSION
Approval of this ordinance is recommended.
FACT SHEET PREPARED BY:		Rick Seaton, Assistant CAO

ORDINANCE NO. __________OF 2009

AN ORDINANCE AMENDING THE 2009 RIVERFRONT DEVELOPMENT SPECIAL REVENUE FUND BUDGET, AND TO OTHERWISE PROVIDE WITH RESPECT THERETO.

By:

WHEREAS, the City Council finds it necessary to amend the 2009 budget for the Riverfront Development Special Revenue Fund.

NOW, THEREFORE, BE IT ORDAINED, by the City Council of the City of Shreveport, in legal session convened, that Ordinance No. 130 of 2008, the Riverfront Development Special Revenue Fund Budget, is hereby amended as follows:

In Section 2 (Appropriations):

Increase Operating Reserves by $3,937, and decrease Transfer to Capital Projects by $3,937

Adjust totals and subtotals accordingly.

BE IT FURTHER ORDAINED that the remainder of Ordinance 130 of 2008 shall remain unchanged and in full force and effect.

BE IT FURTHER ORDAINED that if any provision or item of this ordinance or the application thereof shall be held invalid, such invalidity shall not affect other provisions, items or applications of this ordinance which can be given effect with out the invalid provisions, items or applications; and to this end, the provisions of this ordinance are hereby declared to be severable.

BE IT FURTHER ORDAINED that all ordinances or portions thereof in conflict herewith are hereby repealed.

APPROVED AS TO LEGAL FORM:

____________________________

City Attorney’s Office