Number
090810
Version
SUBSTITUTE 1
Reference
090809
Sponsor
THE CHAIR
Title
Substitute resolution relating to expenditure of funds to be reimbursed by greater than anticipated revenue.
Analysis
This resolution authorizes the Office of the Comptroller to increase appropriations in the Special Purpose account for Contributions allowing for execution of the transfer authorized in Resolution 090809.
Body
Whereas, Common Council File 980965 established procedural guidelines related to the expenditure of funds to be reimbursed by greater than anticipated revenues; and
Whereas, Section 304-24 of the City of Milwaukee Code of Ordinances regulates the receipt, appropriation and expenditure of contributions received by the City; and
Whereas, The Estimated Contribution Revenue account as a source of funds for general city purposes was established at $2,100,000.00 as a result of the 2009 Budget process; and
Whereas, Contribution revenue received to date exceeds $2,187,316.62; and
Whereas, Resolution 090809 authorizes the transfer of funds from the Police Department’s Federal Forfeiture Trust Fund to the Federal Forfeiture Contribution Revenue account and their subsequent expenditure; and
Whereas, There are insufficient appropriations to accomplish this transfer in accordance with the established procedural guidelines; and
Whereas, The Comptroller has certified greater than anticipated revenue in the amount of $155,000.00, pursuant to s. 304-91; and
Pursuant to s. 304-91, I hereby certify that the money required for this item is anticipated to be realized on or before 12/31/2009 to be expended only for the purpose in this resolution.
________________________ ____________________
Comptroller Date
; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that $155,000.00 is appropriated to the 2009 Special Purpose Contribution account 0001-2110-0001-D001-006300 with a corresponding increase to the Estimated Contributio...
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