Page 1 aa ORDINANCE NO.:_2033 AN ORDINANCE ADOPTING THE GENERAL FUND BUDGET FOR THE CITY OF PRICHARD, ALABAMA FOR FISCAL YEAR 2014-2015 WHEREAS, in August of 2014, the Mayor of the City of Prichard, Alabama transmitted to the City Council for consideration his budget message and the proposed General Fund Budget for Fiscal Year 2014-2015, said budget projecting revenue in the amount of $11,419,976.00 and total expenditures of $11,419,976.00 including a budget reserve in the amount of $223,922.00; WHEREAS, pursuant to Section 11-43C-48 of the Code of Alabama 1975, as amended, upon due notice as required by law, the City Council of the City of Prichard, Alabama convened and held a public hearing on said budget on December 4, 2014; WHEREAS, the General Fund Budget for Fiscal Year 2013-2014 was carried over as the General Fund budget for a limited period into the 2014-2015 Fiscal Year; WHEREAS, it is the desire and intent of the governing body of the City of Prichard that all sums expended by the City shall be assigned to appropriate line items in the General Fund Budget for Fiscal Year 2014-2015 and said expenditures shall be deducted from the line item appropriation herein made, WHEREAS, the City Council of the City of Prichard now desires to adopt the General Fund Budget for Fiscal Year 2014-2015 presented in August of 2014, as now adjusted by the City Council and adopt the 5 Year Capital Improvement Budget pursuant to the authority granted in Section 11-43C-49 Code of Alabama, 1975; NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PRICHARD, ALABAMA, as follows: 1. That the General Fund Budget for the City of Prichard, Alabama for Fiscal Year 2014-2015, attached hereto as Exhibit “A”, containing projected revenue in the Amount of $11,419,976.00 and total expenditures in the amount of $11,419,976.00, including a budget reserve in the amount of $300,922.00, and the 5 Year Capital Improvement Budget, attached hereto as Exhibit “B” is hereby adopted. 2. That this Ordinance and the budget herein approved shall become effective immediately upon its adoption as required by law. Page 2 O ADOPTED this the 18th day of December, 2014. SSIA EDWARDS, PRESIDENT APPROVED this the !8t® day of December, 2014. OY] AM, MAYOR ATTEST: Pils XOuid DARLENE PALMER LEWIS, CITY CLERK.