Number
010193
Version
ORIGINAL
Reference
001659
Sponsor
ALD. GORDON, BREIER
Title
Resolution directing expenditure of 2001 budget year departmental funds, as authorized by the 2001 Adopted City Budget.
Analysis
This resolution directs all City departments to expend funds and maintain service levels as authorized in the 2001 Adopted City Budget, as approved by both the Common Council and the Mayor.
Body
Whereas, On May 2, 2001, the Common Council's Finance and Personnel Committee "held to the call of the chair" File Number 001659, a resolution authorizing 2001 budget year departmental reductions, the nonexpenditure of funds authorized by the 2001 budget; and
Whereas, The spending reductions proposed by the Mayor's administration in File Number 001659 were ostensibly intended to build City reserves to repay borrowing costs in 2002 for an estimated $7-10 million borrowing necessary to fund a shortfall in the 2000 budget; and
Whereas, At this point in time, there appears to be no deficit in the current 2001 budget; and
Whereas, If spending and service level reductions are not made in the 2001 budget to provide available reserves for repayment of the 2000 borrowing in 2002, the borrowing costs will have to be addressed in the Mayor's 2002 Proposed City Budget; and
Whereas, The Finance Committee approved a motion at its May 2, 2001 meeting, that a letter be sent from the committee to all City departments directing that the reductions in service levels as proposed in Resolution File Number 001659 are not to be implemented until the Finance Committee and the Common Council take further action on the file, and a letter dated May 7, 2001 stating such was sent by the committee chair to all City departments; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Common Council directs all City departments to expend funds and maintain service levels as authorized in the 2001 Adopted City Budget; as approved by both the Common Council and the Mayor.
Requestor
Drafter
01230
BJZ
5/23/2001