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File #: 071278    Version:
Type: Resolution Status: Passed
File created: 1/15/2008 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 3/18/2008
Effective date:    
Title: Substitute resolution rescinding reserved commitments and appropriating funds from the 2007 Common Council Contingent Funds for the purpose of closing the 2007 financial books due to unanticipated shortfalls in current year operating expenses.
Sponsors: THE CHAIR
Indexes: BUDGET, CONTINGENT FUND
Attachments: 1. Fiscal note, 2. Response from Dept. of Admin. Budget & Management Div., 3. Fiscal Analysis, 4. Hearing notice, 5. Hearing notice
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
3/20/20081 MAYOR SIGNED   Action details Meeting details Not available
3/18/20081 COMMON COUNCIL ADOPTEDPass14:0 Action details Meeting details Not available
3/12/20081 FINANCE & PERSONNEL COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Appearances by: Mark Nicolini, Director, Dept. of Admin., Budget and Managment Div. David Schroeder, Fiscal Planning Specialist, Dept. of Admin., Budget & Management Div.		Pass3:0 Action details Meeting details Not available
3/10/20081 CITY CLERK DRAFT SUBMITTED   Action details Meeting details Not available
3/3/20080 FINANCE & PERSONNEL COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
1/31/20080 FINANCE & PERSONNEL COMMITTEE HELD TO CALL OF THE CHAIRPass5:0 Action details Meeting details Not available
1/23/20080 FINANCE & PERSONNEL COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
1/16/20080 FINANCE & PERSONNEL COMMITTEE REFERRED TO   Action details Meeting details Not available
1/15/20080 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number

071278

Version

SUBSTITUTE 1

Reference

 

Sponsor

CHAIR

Title

Substitute resolution rescinding reserved commitments and appropriating funds from the 2007 Common Council Contingent Funds for the purpose of closing the 2007 financial books due to unanticipated shortfalls in current year operating expenses.

 

Analysis

 

Body

Whereas, To facilitate closing of Year 2007 financial books, rescinding reserved commitments and transfers from 2007 Common Contingent Fund are necessary; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee, that the following amounts reserved in the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) from Common Council file 070339 be rescinded for appropriation as follows: 

 

1.  $1,975,000 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) reserved for the Police Department account (#0001-3310-R999-006000) (2007);

2.  $650,000 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) reserved for the Department of Public Works Operations Division Account (#0001-5450-R999-006000) (2007);

3.  $350,000 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) reserved for the Department of Public Works Operations Division Account (#0001-5450-R999-006300) (2007).

 

; and, be it

 

Further Resolved, That $11,286.04 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) be transferred to the Department of Administration account (#0001-1510-R999-006000) (2007) if necessary; and, be it

 

Further Resolved, That up to $24,661.01 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) be transferred to the Department of Employee Relations Account (#0001-1650-S172-006300) (2007) if necessary; and, be it

 

Further Resolved, That up to $18,753.39 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) be transferred to the Department of Employee Relations Account (#0001-1650-R999-006300) (2007) if necessary; and, be it

 

Further Resolved, That up to $99,613.23 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) be transferred to the Department of Employee Relations Account (#0001-1650-S171-006300) (2007) if necessary; and, be it

 

Further Resolved, That up to $6,912.99 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) be transferred to the Department of City Development Account (#0001-1910-S209-006300) (2006) if necessary; and, be it

 

Further Resolved, That up to $1,082.55 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) be transferred to the Comptroller Account (#0001-2110-S163-006300) (2007) if necessary; and, be it

 

Further Resolved, That up to $1,807,741.63 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) be transferred to the Fire Department Account (#0001-3280-R999-006000) (2007) if necessary; and, be it

 

Further Resolved, That up to $81,030.27 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) be transferred to the Fire Department Account (#0001-3280-R999-006300) (2007) if necessary; and, be it

 

Further Resolved, That up to $1,647,369.69 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) be transferred to the Police Department Account (#0001-3310-R999-006000) (2007) if necessary; and, be it

 

Further Resolved, That up to $143,957.34 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) be transferred to the Police Department Account (#0001-3310-R999-006300) (2007) if necessary; and, be it

 

Further Resolved, That up to $29,921.87 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) be transferred to the Police Department Account (#0001-3310-R999-006800) (2007) if necessary; and, be it

 

Further Resolved, That up to $428,203.50 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) be transferred to the Department of Public Works Infrastructure Division Account (#0001-5230-R999-006000) (2007) if necessary; and, be it

 

Further Resolved, That up to $470,196.66 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) be transferred to the Department of Public Works Infrastructure Division Account (#0001-5230-R999-006300) (2007) if necessary; and, be it

 

Further Resolved, That up to $441,476.57 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) be transferred to the Department of Public Works Operations Division Account (#0001-5230-R999-006300) (2007) if necessary.

 

Requestor

Department of Administration

Budget and Management Division

Drafter

Ref: 07009 DY/DS:dmr

March 10, 2008

Finance: 071278 - 2007 Closing.rtf