2287 •
RESOLUTION NO. 2-
A RESOLUTION APPROVING A REVISION TO THE 2023 BUDGET.
WHEREAS,A.C.A. §14-58-203 states the governing body may alter or revise the
budget and unpledged funds appropriated by the governing body for any purpose may be
subsequently,by action of the governing body, appropriated to another purpose; and
WHEREAS,the Finance Director of the City of West Memphis, Arkansas, deems it
necessary to request a change in the approved budget for 2023; and
WHEREAS,the Finance Director request to amend the budget for payment to IRS in the
amount of$247,294.31.
WHEREAS,the Finance Director of the City of West Memphis, Arkansas, fmds that the
request for change in the approved budget for 2023 has met all requirements as stated in this
statute and it is appropriate that the requested changes should be approved;
NOW, THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WEST MEMPHIS,ARKANSAS,THAT the changes in the 2023 budget for the
City of West Memphis is hereby approved and shall be in full force and effect from and after the
date of its passage and approval.
PASSED AND APPROVED this 1p day of qit..4
, 2023.
(avc ) rr
MARCO M. Mc LENDON, MAYOR
ATTEST:
CITY CLERK
RECEIVED
1
• Department of the Treasury Notice CP128
A` Internal Revenue Service JAN 0 9 2023 Tax period December 31,2016
IRS Ogden, UT 84201-0039 Notice date January 9,2023
Employer ID number 71-6012481
To contact us Phone 800 829 0115
Page 1 of 3
004806.288194.87042.21842 1 AB 0.491 697
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CITY OF WEST MEMPHIS WEST MEMPHIS '
FIRE DEPARTMENT
• +' PO BOX 1868
• WEST MEMPHIS AR 72303-1868
004806
We applied your overpayment to your account
Amount due: $247,294.31
We applied your overpayment of$24,284.22,to
your balance due on Form CVL PEN for tax Billing Summary
period ending December 31, 2016. Your balance Balance on account $240,198.39
due is now$247,294.31. Interest charges 7,095.92
Amount due $247,294.31
What you need to do immediately Make a payment
• Pay the amount due of$247,294.31 to avoid additional interest charges and any
applicable penalty amounts. Send'the payment voucher below with your check or
money order.
a
•
Notice CP128
Tax period December 31,2016
Notice date January 9,2023
Employer ID number 71-6012481
Page 3 of 3
Payments credited to your account The table below lists the payments,deposits,credits, and overpayments applied to your
for tax period ending account. Please call 800-829-0115 if any information is incorrect or missing.
M December 31, 2016
Date received Amount
004806 August 19, 2019 $6,338.65
December 7, 2022 24,284.22
Interest charges Description Amount
Total interest $7,095.92
We are required by law to charge interest when you do not pay your liability on time.
Generally,we calculate interest from the due date of your return(regardless of
extensions)until you pay the amount you owe in full, including accrued interest and
any penalty charges. Interest on some penalties accrues from the date we notify you of
the penalty until it is paid in full. Interest on other penalties, such as failure to file a
tax return,starts from the due date or extended due date of the return, Interest rates
are variable and may change quarterly. (Internal Revenue Code section 6601)
The table below shows the rates used to calculate the interest on your unpaid amount
due. For a detailed calculation of your interest, call 800-829-0115.
Period Interest rate
April 1,2016 through March 31,2018 4%
April 1,2018 through December 31, 2018 5%
January 1,2019 through June 30,2019 6%
July 1,2019 through June 30, 2020 5%
July 1,2020 through March 31,2022 3%
April 1,2022 through June 30,2022 4%
July 1,2022 through September 30,2022 5%
Beginning October 1,2022 6%
Corporate Interest- If you are a C corporation,and you underpaid your tax by more
than$100,000 for any taxable period,we charge additional interest of 2% if the full
amount shown as due on a notice isn't paid within 30 days of the notice date. If you
don't pay within 30 days, interest at the higher rate begins on the 31st day after the
notice date.Once the additional 2%rate begins to apply,we charge the additional
interest on all underpayments for that type of tax and that tax period until you pay your
balance in full.
Additional information • Visit www.irs.gov/cp128.
• For tax forms,instructions,and publications,visit www.irs.gov/forms-pubs or call
800-TAX-FORM(800-829-3676).
• You can contact us by mail at the address at the top of the first page of this notice.
Be sure to include your employer ID number and the tax year and form number you
are writing about.
• Keep this notice for your records.
If you need assistance, please don't hesitate to contact us.