SUBJECT: Resolution
Title
PUBLIC HEARING: A Resolution Appropriating Sums of Money in the Amounts and for the Purpose as Set Forth Below for the Town of Erie Urban Renewal Authority, for the 2020 Calendar Year Budget.
Body
DEPARTMENT: Finance
PRESENTER: Steve Felten, Finance Director
STAFF RECOMMENDATION:
Recommendation
Staff recommends the Board of Commissioners approve the resolution that appropriates funds for the 2020 calendar year.
End
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
The Town of Erie Urban Renewal Authority (URA) has adopted an annual budget in accordance with the Local Government Law on October 22, 2019. The URA has made provisions for revenue and fund balance in the amount equal to or greater than the total proposed expenditure as set forth in the 2020 adopted budget. It is necessary to appropriate the revenues and reserves provided in the budget, so as not to impair the operations of the URA.
ATTACHMENTS:
Resolution and Schedule of Appropriations