Ordinance 11-2022 Authorizing and Approving Appropriation of Funds

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ORDINANCE NO. 11-2022 ORDINANCE OF MOORESVILLE TOWN COUNCIL AUTHORIZING AND APPROVING APPROPRIATION OF FUNDS WHEREAS, the Town of Mooresville (the "Town') is a municipality organized and existing entity under the provisions of Ind. Code 36-5-1; WHEREAS, the Council President (the 'Executive') is the Executive of the Town; and WHEREAS, the Mooresville Town Council (the "Council`) is the fiscal body of the Town; and - WHEREAS, at times, it becomes necessary to appropriate additional funds as contemplated and authorized under Ind. Code § 36-4-7-8; and WHEREAS, an additional appropriation of funds is necessary and the Council has authorized the appropriation of funds from the General Fund #1101 to pay for the Town's transfer to the Rainy -Day Fund; and WHEREAS, in order to expend the funds transferred from the General Fund for the above stated purposes, the funds must be appropriated into the appropriate budget line items of the General Fund; and WHEREAS, the Town has caused notice of a hearing on said appropriation to be published as required by law; and WHEREAS, the public hearing was held on December 20, 2022 at 6:30 p.m., at Mooresville Town Hall, Mooresville, Indiana, concerning said appropriation at which time all taxpayers and interested persons had an opportunity to appear and express their views as to such additional appropriation; WHEREAS, the Town, by its Council has determined that it is in the public interest to now appropriate such funds accordingly. NOW, THEREFORE, BE IT RESOLVED BY THE MOORESVILLE TOWN COUNCIL, AS FOLLOWS: 1. The foregoing recitals are incorporated herein by reference.