Number
030085
Version
Substitute 2
Reference
Sponsor
THE CHAIR
Title
Substitute resolution relating to a 2003 Budget Adjustment Plan.
Analysis
This resolution, pursuant to statutory and city charter provisions, directs 2003 budget year reductions-the nonexpenditure of funds-relating to funds assigned to city departments which have not yet been expended.
Body
Whereas, The City anticipates extreme financial pressures in 2004, including double digit health care cost increases, escalating 2003 police overtime costs, and an anticipated reduction in its state shared revenue payment; and
Whereas, The City must take proactive action to minimize these financial pressures; and
Whereas, The Mayor directed city departments to prepare mid-year spending reduction adjustment plans for 2003; and
Whereas, These plans are designed to help the City improve its financial position by building reserves in part through reversion of funds to the tax stabilization fund pursuant to s. 304-29 of the Milwaukee Code; and
Whereas, These plans may reduce pressure on the 2003 Wages Supplement Fund in the case of wages settlements prior to year-end; and
Whereas, Furthermore, authorization for 2003 city budget year reductions - the nonexpenditure of funds authorized by the 2003 budget adopted by the Common Council and approved by the Mayor - stems from statutory and charter provisions relating to funds assigned to city departments which have not yet been expended; and
Whereas, The City must also continue to develop long-term financing and budget control strategies to control the growth of city property taxes, including:
1. Working creatively with other Milwaukee County taxing jurisdictions to reduce employee health care costs.
2. Pursuing intergovernmental cooperation agreements for city services.
3. Identifying for elimination non value-adding city programs and operations.
4. Developing cost reduction and efficiency initiatives in the city's value-adding programs and operations.
5. Exploring new revenue options and alternatives for financing city services; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that pursuant to s. 65.05, Wis. Stats., and s. 18-06, city charter, that 2003 city budget year reductions - the nonexpenditure of funds authorized by the 2003 budget - are authorized as enumerated in Exhibit A which is attached to the file; and, be it
Further Resolved, That it is the intent of the Common Council to prohibit the expenditure of the dollar amounts identified with an asterisk in Exhibit A, and the Comptroller is directed to take the necessary steps to ensure that the amounts so identified are inaccessible to any city department other than in compliance with city charter and statutory provisions relating to municipal budget regulations.
Requestor
Department of Administration
Budget and Management Division
Drafter
Budget
JGC
Ref: 03041
City Clerk's Office
TZ
May 13, 2003