Number
232010
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution to increase grantor share appropriation authority for 2024.
Analysis
Body
Whereas, The 2024 adopted budget appropriated $166,900,995 for the Special Revenue Fund - Grant and Aid Grantor Share (Non-City) for operating grants (account 0150-9990-R999-GR0002400000); and
Whereas, Grant funding anticipated in 2024 will exceed the current 2024 budget appropriation for operating grants in the Grant and Aid fund, as a result of unanticipated grant funding received through several American Rescue Plan Act grants; and
Whereas, additional funding needs to be appropriated in the Grant and Aid fund to support these unanticipated grants; and
Whereas, the City Comptroller and Department of Administration have determined that an additional $40,000,000 in Grant and Aid fund appropriations should be sufficient to cover grant needs in 2024; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that $40,000,000 in additional funds are appropriated to the Special Revenue Fund - Grant and Aid Grantor Share (Non-City) account No. 0150-9990-R999-GR0002400000 and the Estimated Revenue/Funding Source; and, be it
Further Resolved, That the City Comptroller be, and hereby is, authorized and directed to establish the necessary accounts and accounting procedures to carry out the intent of this resolution.
Requestor
DOA Budget and Management Division
Drafter
BJR:ac
May 9, 2024
Common/Grant&Aid/2024/232010res.rtf