6.3.9.010 Findings
(a) the Council is authorized to make laws for the Pueblo de San Ildefonso pursuant to Section 5 of the Agreement;
(b) Section 5(a)(ii)(A) of the Agreement requires the Pueblo to enact an Annual Budget that includes all projected revenues and expenditures; and
(c) Section 5(a)(ii)(A) of the Agreement also allows budget modifications by the Council no more than twice a year;
(d) The Council approved the FY2016-2017 Annual Budget on June 16, 2016, and has implemented two New Funding Adjustments resulting in the current budget total as follows:
| ANNUAL BUDGET: FISCAL YEAR 2016-2017 | |
|---|---|
| GENERAL FUND | $ 2,337,279.00 |
| SPECIAL REVENUE FUND | $ 7,745,981.53 |
| CAPITAL PROJECTS FUND | $ 1,010,770.50 |
| BUSINESS FUND | $ 1,261,145.26 |
| TOTAL BUDGET: | $ 12,355,176.29 |
(e) The Council has not been presented with or authorized any Budget Modifications to the budget to-date;
(f) It has been determined that certain modifications to the FY 2016-17 Annual Budget are necessary;
(g) The proposed budget modifications attached to this Resolution ("Budget Modification No. 1") were submitted to the Council, which has reviewed the modifications and recommended approval of the attached modifications;
(h) The Council has reviewed the proposed Budget Modification No. 1 and has determined that it is in the best interest of the Pueblo to approve Budget Modification No. 1;
(i) The Pueblo's FY 2016-2017 new adjusted Annual Budget will increase from $12,355,176.29 to $12,893,893.29;
(j) The Pueblo's modified FY 2016-2017 Annual Budget is as follows: