Board of Aldermen 01-12-2021 Page 24
Alderman Jette
So what this Ordinance does is this summer we realized it was pointed out to us that although our
Ordinances require us to maintain an undesignated General Fund Balance of a minimum of 10% of
appropriations, the Ordinance requires that it be the appropriations plus the Statewide Enhanced Education
Amount and the amount for local school, net tax amount and the county appropriation. We found out that it
has been our practice for as long as anyone can remember that we actually maintain at least 10% of
General Fund Appropriations without factoring in the State or District School Amounts or the County
Appropriation. So just to be consistent with what our actual practice is which our CFO tells us he is
completely comfortable with it; that’s what he’s been doing. And our bond rating people have no problem
with the way we have been doing it for all of these years, so we are just amending the Ordinance to make it
consistent with what our actual practice is.
President Wilshire
Thank you Alderman Jette. Is there discussion on the Motion for Final Passage as amended? Alderman
Clemons?
Alderman Clemons
Yeah this is a good piece of Legislation, | agree with what Alderman Jette said and actually this was one of
the things that former Alderman Teebom and | actually agreed on. And | think he would probably be pretty
pleased with the changes that we are making here because it was always one of the things that drove him
crazy to change this. So it’s good that we are doing that tonight.
President Wilshire
Any other discussion on that motion? Seeing none, would the Clerk please call the roll?
A viva voce roll call was taken which resulted as follows:
Yea: Alderman O’Brien, Alderman Klee, Alderwoman Kelly, Alderman Dowd,
Alderman Caron, Alderman Clemons, Alderman Lopez, Alderman Tencza,
Alderman Jette, Alderman Schmidt, Alderman Laws,
Alderman Cleaver, Alderwoman Harriott-Gathright, Alderman Wilshire 14
Nay: 0
MOTION CARRIED
Ordinance O-20-042 declared duly adopted as amended.
O-20-044
Endorser: Alderman Thomas Lopez
RELATIVE TO A BAN ON CERTAIN INDOOR ACTIVITIES FOR CERTAIN BUSINESSES
STARTING AT 9:30 PM
e Tabled at Full Board — 12/22/2020
