NUMB:
991660
VERS:
SUBSTITUTE 2
REF:
XXBY:
THE CHAIR
TITL:
Substitute resolution relating to expenditure of funds to be reimbursed by greater than anticipated revenue. (Common Council - City Clerk)
ANLS:
This resolution authorizes several departments to expend additional funds for various expenses. The City Clerk would be authorized to expend an additional $50,000 to for a franchise study.
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, The cable franchise agreement requires the city to study franchising requests; and
Whereas, The company requesting the franchise study must deposit $50,000 with the city; and
Whereas, Revenue in amount of $50,000 for the above purposes was not anticipated in the 2000 budget; and
Whereas, The Comptroller has certified greater than anticipated revenue in the amount of $50,000, pursuant to s. 304-91,
Pursuant to s. 304-91, I hereby certify that the money required for this is anticipated to be realized on or before 12/31/00 and to be expended only for the purpose in this resolution.
__________________________________ _______________
Comptroller Date
; now, therefore, be it
Resolved, That $50,000 is appropriated to account #0007-5010-RM50190000 from the Special Purpose Account - Reimbursable Services Advance Fund; and, be it
Further Resolved, That the Common Council City Clerk is authorized to expend $50,000 in their operating expenditure account 0001-1310-R999-006300 for expenses associated with a franchise study; and, be it
Further Resolved, That the City Comptroller be, and hereby is, authorized and directed to establish the necessary accounts and accounting procedures to carry out the intent of this resolution.
DFTR:
Budget and Management Division
Ref:DY; 00021
July 18, 2000
FINANCE:991660rs2.doc