2020-177 Budget Reconciliation Ordinance Appropriating Additional Monies for the Purpose of Defraying the Expense for Certain Funds of the City of Decatur, Illinois for the Fiscal Year Ending December 31, 2020

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LETTER to the DECATUR CITY COUNCIL Finance Department DATE: December 16, 2020 TO: Honorable Mayor Moore Wolfe and City Council Members FROM: Scot Wrighton, City Manager Gregg D. Zientara, City Treasurer&Director of Finance SUBJECT: Budget Reconciliation Ordinance Appropriating Additional Monies for the Purpose of Defraying the Expenses for Certain Funds of the City of Decatur, Illinois for the Fiscal Year Ending December 31, 2020 SUMMARY RECOMMENDATION: City Administration recommends City Council approval of the attached Ordinance. BACKGROUND: City Council adopted the Fiscal Year 2020 Budget and Appropriation Ordinance 2019-252 on December 16,2019 for the purpose of defraying the expenses of certain departments and funds of the City of Decatur for the fiscal year beginning January 1, 2020 and ending December 31, 2020. It is now necessary to reconcile the budget and appropriate additional funds for operational expenditures for the City to effect provision of services to its citizens'which were not anticipated at the time the City Council adopted Ordinance 2019-252. • Olde Towne TIF Fund#19.Appropriate$72,000 to defray the cost of debt service expense normally serviced by the Olde Towne TIF, but not budgeted in the Olde Towne TIF due to originally budgeted expectation of the Olde Towne TIF's inability to service this debt in 2020. • DUATS Fund #22. Appropriate $50,000 to defray the cost of grant expenses related to various logistics study matters not envisioned in the original budget appropriation, funded by DUATS grant revenue received from the State of Illinois. • Eastgate TIF Fund #23. Appropriate $26,000 to defray the cost of additional monies due to the Eastgate developer for reimbursements in accordance with the development agreement, not originally envisioned in the 2020 budget. • Building Fund #34. Appropriate $300,000 to defray the cost of facility mechanical improvement cost not envisioned and included in the 2020 budget. • Foreign Fire Insurance Fund #37. Appropriate $75,000 to defray the cost of expenses in support of fire operations payable from the Foreign Fire Insurance Fund and not envisioned in the original appropriation,funded by Foreign Fire tax revenue received by the City. Page 1 of 2