Number
151332
Version
ORIGINAL
Sponsor
THE CHAIR
Title
Substitute resolution increasing capital grantor share appropriation authority for 2016.
Body
Whereas, The Capital Improvements City-Wide Grantor Share Non-City Cash Account, No. 0306-9990-R999-SP032160100, was funded in the amount of $8,000,000 in the 2016 adopted budget; and
Whereas, This account provides funding for projects which receive partial reimbursement through various State and/or Federal aid and grant programs, but require the city to front the project cost; and
Whereas, the city’s participation in grantor share needs in 2016 will require $56 million in additional funds; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that $56 million in additional funds are appropriated to the Capital Improvements City-Wide Grantor Share Non-City Cash Account No. 0306-9990-R999-SP032160100 and the Estimated Revenue/Funding Source (2016 VSNCCR - Grantor Share Non-City Cash Revenue); 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
Budget and Management Division
Drafter
Ref: Bill Christianson
January 7, 2016
I:\FINANCE\Resolutions\File151332Capital Grantor Share Authority