City of Milwaukee - File #: 070620

• File #: 070620
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 7/31/2007
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 9/25/2007
• Title: Resolution relating to the expenditure of funds to be reimbursed by greater than anticipated revenue.
• Sponsors: THE CHAIR
• Indexes: BUDGET, FIRE DEPARTMENT, INSURANCE

Date	Ver.	Action By	Action	Result	Tally
10/2/2007	0	MAYOR	SIGNED
9/25/2007	0	COMMON COUNCIL	ADOPTED	Pass	14:0
9/19/2007	0	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	4:0
9/12/2007	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
8/1/2007	0	FINANCE & PERSONNEL COMMITTEE	REFERRED TO
7/31/2007	0	COMMON COUNCIL	ASSIGNED TO

Number

070620

Version

ORIGINAL

Reference

Sponsor

THE CHAIR                     

Title

Resolution relating to the expenditure of funds to be reimbursed by greater than anticipated revenue.

...Analysis

This resolution authorizes supplemental appropriations necessary for payment required under provisions of the Milwaukee City Charter.

Body

Whereas, Section 304-91 of the Milwaukee Code of Ordinances establishes procedural guidelines related to the expenditure of funds to be reimbursed by greater than anticipated revenues; and

Whereas, The City of Milwaukee is annually required to pay to the Firemen’s Relief Association 1/8 of the Fire Insurance Premium received from the State of Wisconsin; and

Whereas, The Fire Insurance Premium received by the City of Milwaukee results in an amount required to be paid to the Firemen’s Relief Association greater than the appropriations in the Special Purpose Account; and

Whereas, The Comptroller has certified that greater than anticipated revenue in the amount of $10,774.97, pursuant to s. 304-91,

Pursuant to s. 304-91, I hereby certify that the money required for this is to be realized on or before December 31, 2007, and is to be expended only for the purposes specific in this resolution.

________________________________________________                     ___________________

Comptroller                                          Date

; Now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the Comptroller is hereby authorized and directed to increase appropriations in the amount of $10,774.97 in the Special Purpose Account Firemen’s Relief Fund (0001-2110-0001-S133-006100) and to increase the estimated revenues (0001-3600-0001-009352) for the payment of 1/8 of the City’s portion of the fire insurance premium received from the State of Wisconsin in 2007; and, be it

Further Resolved, That the Comptroller is authorized to expend these funds for payment to the Association; and, be it

Further Resolved, That the Comptroller is authorized and directed to establish the necessary accounts and accounting procedures to carry out the intent of this resolution.

Requestor

CITY COMPTROLLER

Drafter

CITY COMPTROLLER                     

WMM:BL:

07-17-07