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File #: 061215    Version:
Type: Resolution Status: Passed
File created: 1/17/2007 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 2/27/2007
Effective date:    
Title: Substitute resolution rescinding reserved commitments and appropriating funds from the 2006 Common Council Contingent Funds for the purpose of closing the 2006 financial books due to unanticipated shortfalls in current year operating expenses.
Sponsors: THE CHAIR
Indexes: BUDGET, CONTINGENT FUND
Attachments: 1. Budget and Management Cover Letter.pdf, 2. Fiscal Note, 3. Sub. 2 Fiscal Note, 4. Sub. 1 Fiscal Analysis, 5. Sub. 2 Fiscal Analysis

Number

061215

Version

SUBSTITUTE 2

Reference

 

Sponsor

CHAIR

Title

Substitute resolution rescinding reserved commitments and appropriating funds from the 2006 Common Council Contingent Funds for the purpose of closing the 2006 financial books due to unanticipated shortfalls in current year operating expenses.

 

Analysis

 

Body

Whereas, To facilitate closing of Year 2006 financial books, transfers from 2006 Common Contingent Fund are necessary; now therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee, that $1,756 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2006) be transferred to the Board of Zoning Appeals account (#0001-0960-R999-006300) (2006) if necessary; and, be it

 

Further Resolved, That up to $327,320 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2006) be transferred to the City Attorney account (#0001-1490-R999-006000) (2006) if necessary; and, be it

 

Further Resolved, That up to $8,007 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2006) be transferred to the Department of Employee Relations Account (#0001-1650-R999-006300) (2006) if necessary; and, be it

 

Further Resolved, That up to $2,195 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2006) be transferred to the Department of Employee Relations Account (#0001-1650-S124-006300) (2006) if necessary; and, be it

 

Further Resolved, That up to $16,033 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2006) be transferred to the Department of Employee Relations Account (#0001-1650-S171-006300) (2006) if necessary; and, be it

 

Further Resolved, That up to $158,048 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2006) be transferred to the Assessor’s Office Account (#0001-2300-R999-006000) (2006) if necessary; and, be it

 

Further Resolved, That up to $962,177 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2006) be transferred to the Fire Department Account (#0001-3280-R999-006000) (2006) if necessary; and, be it

 

Further Resolved, That up to $459,383 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2006) be transferred to the Fire Department Account (#0001-3280-R999-006300) (2006) if necessary; and, be it

 

Further Resolved, That up to $2,182,787 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2006) be transferred to the Police Department Account (#0001-3310-R999-006000) (2006) if necessary; and, be it

 

Further Resolved, That up to $17,522 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2006) be transferred to the Police Department Account (#0001-3310-R999-006300) (2006) if necessary; and, be it

 

Further Resolved, That up to $77,820 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2006) be transferred to the Health Department Account (#0001-3810-R999-006000) (2006) if necessary; and, be it

 

Further Resolved, That up to $33,181 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2006) be transferred to the Department of Employee Relations Account (#0001-1650-R999-006000) (2006) if necessary.

 

Requestor

Department of Administration

Budget and Management Division

Drafter

Ref: 06009 DY/DS:dmr

February 20, 2007

Finance: 061215- 2006ClosingRessub2.rtf