20661I ORDINANCE NO. 20,661
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3 AN ORDINANCE TO AMEND LITTLE ROCK, ARK. ORDINANCE NO.
4 20,515 (DECEMBER 13, 2011), TO ADJUST THE FISCAL YEAR 2012
5 BUDGET ORDINANCE TO REFLECT REVENUE AND EXPENDITURE
6 ADJUSTMENTS FOR THE GENERAL FUND, STREET FUND, RIVER
7 MARKET FUND, GOLF FUND, FITNESS AND AQUATICS FUND AND
8 ZOO FUND; TO DECLARE AN EMERGENCY; AND FOR OTHER
9 PURPOSES.
10
11 WHEREAS, the City approved a comprehensive budget for the City of Little Rock, Arkansas, in
12 Little Rock, Ark., Ordinance No. 20,515 (December 13, 2011), and
13 WHEREAS, it is appropriate to adjust the ordinances to reflect operational changes in the General
14 Fund, and where necessary to authorize the increase or decrease in the fiscal year 2012 line items for
15 these and other matters, and
16 WHEREAS, the City Manager and the Director of Finance & Treasurer, in compliance with City
17 budget and financial reporting policies, have reviewed these adjustments and recommend them to the
18 Board of Directors for approval,
19 NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY
20 OF LITTLE ROCK, ARKANSAS:
21 Section 1. General Fund. Section 5 of Little Rock, Ark., Ordinance No. 20,515 (December 13,
22 2011) is hereby amended so the General Fund Operating Resources amount will increase by Nine Million,
23 Four Hundred and Sixty-Seven Thousand, Five Hundred Seventy-One Dollars ($9,467,571) to One
24 Hundred Sixty-Eight Million, Twenty -Seven Thousand, Three Hundred Eighty-Six Dollars
25 ($168,027,386), to reflect increases in operating budgets for General Fund Divisions of Nine Million,
26 Four Hundred and Sixty-Seven Thousand, Five Hundred Seventy-One Dollars ($9,467,571) to One
27 Hundred Sixty-Eight Million, Twenty-Seven Thousand, Three Hundred Eighty-Six Dollars
28 ($168,027,386). Four (4) additional Divisions will be added to the General Fund, including the River
29 Market, Golf, Fitness and Aquatics Center, and Zoo Divisions, as set forth below.
30 Section 2. Street Fund. Section 5 of Little Rock, Ark., Ordinance No. 20,515 (December 13, 2011)
31 is hereby amended so the Street Fund Operating Resources amount will decrease by Eight Hundred Fifty
32 Thousand Dollars ($850,000) to Fifteen Million, Seven Hundred and One Thousand, Six Hundred and
33 Twelve Dollars ($15,701,612), to reflect an increase in operating budgets for Street Fund Division of
34 Eight Hundred Eighty-Five Thousand, Six Hundred Dollars ($885,600) to Seventeen Million, Four
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Hundred and Thirty-Seven Thousand, Two Hundred and Twelve Dollars ($17,437,212).
Section 3. Effective December 31, 2012, the following Fund changes will occur:
(a) River Market Fund. Section 5 of Little Rock, Ark., Ordinance No. 20,515
(December 13, 2011) is hereby amended so the River Market Fund Operating Resources
amount will decrease by One Million, Sixty -Three Thousand, Eight Hundred and Eighty
Dollars ($1,063,880) to Zero Dollars ($0), to reflect an decrease in operating budgets for
River Market Fund Division of One Million, One Hundred Sixty -Four Thousand, One -
Hundred Eighty Dollars, ($1,164,180) to Zero Dollars ($0). The River Market Fund will
be consolidated into the General Fund and will become a Division of the General Fund.
(b) Golf Fund. Section 5 of Little Rock, Ark., Ordinance No. 20,515 (December 13,
2011) is hereby amended so the Golf Fund Operating Resources amount will decrease by
Two Million, Seven Hundred Seventy-Six Thousand, One Hundred Eighty -Two Dollars
($2,776,182) to Zero Dollars ($0), to reflect a decrease in operating budgets for Golf
Fund Division of Two Million, Eight Hundred Seventy Thousand, Two Hundred Eighty-
Two Dollars ($2,870,282) to Zero Dollars ($0). The Golf Fund will be consolidated into
the General Fund and will become a Division of the General Fund.
(c) Jim Dailey Fitness and Aquatics Center. Section 5 of Little Rock, Ark., Ordinance
No. 20,515 (December 13, 2011) is hereby amended so the Jim Dailey Fitness and
Aquatic Center Operating Resources amount will decrease by One Million, One Hundred
Twelve Thousand, One Hundred Forty-Six Dollars ($1,112,146) to Zero Dollars ($0), to
reflect a decrease in operating budgets for Jim Dailey Fitness and Aquatics Center
Division of One Million, Three Hundred Fifty thousand, Seventy-One Dollars
($1,350,071) to Zero Dollars ($0). The Jim Dailey Fitness and Aquatics Center will be
consolidated into the General Fund and will become a Division of the General Fund.
(d) Zoo Fund. Section 5 of Little Rock, Ark., Ordinance No. 20,515 (December 13,
2011) is hereby amended so the Zoo Fund Operating Resources amount will decrease by
Six Million, Three Hundred Forty-Four Thousand, Three Hundred and Four Dollars
($6,344,304) to Zero Dollars ($0), to reflect a decrease in operating budgets for Zoo Fund
Division of Six Million, Five Hundred Eighty -Four Thousand, Three Hundred and Four
Dollars ($6,584,304) to Zero Dollars ($0). The Zoo Fund will be consolidated into the
General Fund and will become a Division of the General Fund.
Section 4. Records. The Director of Finance & Treasurer is directed to maintain appropriate records
which provide greater detail for the adjustments set forth in this ordinance as reflected in the materials
provided to the Board of Directors for the November 20, 2012, meeting.
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Section 5. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase,
or word of this ordinance is declared or adjudged to be invalid or unconstitutional, such declaration or
adjudication shall not affect the remaining portions of the ordinance which shall remain in full force and
effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
ordinance.
Section 6. Repealer. All ordinances, resolutions, bylaws, and other matters inconsistent with this
ordinance are hereby repealed to the extent of such inconsistency.
Section 7. Emergency. The City's ability to properly maintain its budgets and to account for its
funds is essential to maintain the public health, safety and welfare; an emergency is, therefore, declared
to exist and this ordinance shall be in full force and effect from and after the date of its passage.
11 PASSED: November 20, 2012
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ATTEST:
Susa a ey, City Clerk
APP V AS TO LEGAL FORM:
Thomas M. Carpenter, City A rney
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APPROVED:
d�2 �
Mark Stodola, Mayor
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