Number
030494
Version
SUBSTITUTE 1
Reference
Sponsor
CHAIR
Title
Substitute resolution clarifying the intent of the Common Council relative to Contingent Fund appropriations.
Analysis
This is a procedural resolution, ordinarily adopted in conjunction with the adoption of the annual budget. Its intent is to assure the obligations incurred in the current year can be authorized from the current year's Contingent Fund in the event that such authorization can not be handled prior to the year-end.
Body
Whereas, In certain cases formal Common Council action appropriating an amount from the Contingent Fund cannot be completed during the year in which the obligation was incurred because of applicable legislative procedures; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that it is the intent of the Common Council that funds may be appropriated from the 2004 Common Council Contingent Fund for obligations incurred in 2004, notwithstanding that such formal Common Council action is completed in 2004, but prior to the closing of the city's 2004 financial accounts.
Requestor
Budget and Management Division
Drafter
Ref: 2004 BF, 7-E; KMO:
September 10, 2003
FINANCE: 030494R.RTF