DRAFT CC Packet 2023.05.02 for Public Portal1 RESOLUTION
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3 [To Ratify, Affirm and Amend the Budget to Adopt an Education Allocation Funding Plan.]
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s {Sponsored By: Councilor Striplin}
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7 WHEREAS, in Ordinance Book 2023, Page __ , the City Council of the City of
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9 Prattville amended City of Prattville Code of Ordinances, Section 38-92 -Imposition of
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11 Cer tain Sales and Use Taxes; and
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13 WHEREAS, ten (10) percent (%) of each month's collections of the one (1) percent
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15 (%) tax continues to be deposited into a General Fund Reserves bank account maintained in
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17 accordance with the City's General Fund Reserve Policy and the remaining ninety (90)
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19 percent(%} continues to be divided equally between Education, Parks and Recreation, Public
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21 Facilities and Infrastructure; and
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23 WHEREAS, there is a need to adopt an Education Allocation Funding Plan to
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25 determine how and to whom Education Reserve funds will be dispersed.
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27 NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Prattville
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29 hereby authorizes the annual allocation using the following percentages of Education
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31 Reserves -One Cent funds through September 30, 2026, payable, on a monthly basis, as
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33 follows:
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•Fifty (50) percent{%) to the Autauga County Board of Education (less amounts
allocated to fund School Resource Officers).
Funds are to be used for education-related expenses only within the Corporate Limits
of the City of Prattville and shall include Prattville High School and the Autauga County
Technology Center that are located inside the Police Jurisdiction, with required
quarterly reporting.
•Twenty-five (25) percent{%} to Central Alabama Community College.
Pursuant to the current agreement.
•Twenty-five (25) percent{%}- Miscellaneous.
Funding is to be approved on a per-request basis through the budget amendment
process.
BE IT FURTHER RESOLVED by the City Council that the FY2023 Budget is hereby
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49 amended as follows:
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Decrease Education Reserves
Increase Autauga County Board of Education
$1,280,841.09
$1,280,841.09
54 BE IT FURTHER RESOLVED that the City Council does hereby authorize the Mayor
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56 to execute any and all documents necessary or desirable to carry out the purpose and intent
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58 of this Resolution.
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60 BE IT FURTHER RESOLVED that the City Council does hereby ratify and affirm this
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62 Resolution to be effective March 1, 2023.
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