Number
251414
Version
SUBSTITUTE 1
Reference
250001
Sponsor
ALD. BURGELIS
Title
Substitute resolution directing all City departments to notify the Finance & Personnel Committee whenever an account balance variance of $100,000 or more is projected to occur.
Analysis
This resolution directs all City departments to notify the Finance & Personnel Committee whenever an account balance variance (deficit or surplus) of $100,000 or more is projected to occur in a departmental account.
Body
Whereas, Currently, there is no requirement for any department to notify the Finance & Personnel Committee whenever a deficit or surplus of any amount occurs or is projected to occur in a departmental account; and
Whereas, A written report regarding actual or projected deficits or surpluses would be informative and useful during budgetary and operational presentations and deliberations; and
Whereas, The tracking and periodic reporting of expenditures would assist in providing a current snapshot of how departments are following their budgets; and
Whereas, The 2026 Budget was adopted by Common Council File Number 250001 on November 7, 2025; and
Whereas, Amendment 103 placed a footnote in the 2026 Budget directing all City departments to notify the Finance & Personnel Committee whenever a deficit of over $100,000 occurs or is projected to occur; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that all City departments shall notify the Finance & Personnel Committee whenever an account balance variance (deficit or surplus) of $100,000 or more is projected to occur in reporting periods ending on the following dates: March 31, June 30, August 31, September 30, October 31, and December 31.
Requestor
Drafter
LRB181263-2
Beka Bein
12/18/2025