CITY of ALBUQUERQUE
TWENTY-FOURTH COUNCIL
COUNCIL BILL NO. R-20-98 ENACTMENT NO. ________________________
SPONSORED BY: Isaac Benton, by request
RESOLUTION
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Adjusting Appropriating Funds For Operating The Government Of The City Of Albuquerque For Fiscal Year 2021, Beginning July 1, 2020 And Ending June 30, 2021 And Appropriating Capital Funds (Benton, by request)
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WHEREAS, the Charter of the City of Albuquerque requires the Mayor to formulate the annual operating budget for the City of Albuquerque; and
WHEREAS, the Charter of the City of Albuquerque requires the Council to approve or amend and approve the Mayor's budget; and
WHEREAS, R-20-31, passed by Council on April 13, 2020 appropriated the operating budget of the City of Albuquerque for Fiscal Year 2021, until reasonable revenue estimates could be developed to capture the effects of the activities related to the COVID-19 Public Health Emergency; and
WHEREAS, O-20-7, passed by Council on April 6, 2020 provided special procedures for the Mayor to propose a revised budget for Fiscal Year 2021; and
WHEREAS, the Council approves the estimated amount of $71,003,059 for eligible CARES Act Coronavirus Relief Fund payroll costs for public safety and health employees that are substantially dedicated to mitigating and responding to the COVID-19 public health emergency; and
WHEREAS, the Council approves the estimated amount of $5,000,000 for eligible CARES Act grant costs from the U.S. Department of Transportation's Federal Transit Administration.
WHEREAS, the budget includes the adjustments for the use of eligible CARES Act funding costs; and
WHEREAS, appropriations for the operation of the City government must be approved by the Council.
BE IT RESOLVED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
Section 1. That the adjusted amount of $49,360,000 is hereby reserved as the Operating Reserve Fund for the City of Albuquerque for Fiscal Year 2021.
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