Number
071278
Version
SUBSTITUTE 1
Reference
Sponsor
CHAIR
Title
Substitute resolution rescinding reserved commitments and appropriating funds from the 2007 Common Council Contingent Funds for the purpose of closing the 2007 financial books due to unanticipated shortfalls in current year operating expenses.
Analysis
Body
Whereas, To facilitate closing of Year 2007 financial books, rescinding reserved commitments and transfers from 2007 Common Contingent Fund are necessary; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the following amounts reserved in the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) from Common Council file 070339 be rescinded for appropriation as follows:
1. $1,975,000 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) reserved for the Police Department account (#0001-3310-R999-006000) (2007);
2. $650,000 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) reserved for the Department of Public Works Operations Division Account (#0001-5450-R999-006000) (2007);
3. $350,000 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) reserved for the Department of Public Works Operations Division Account (#0001-5450-R999-006300) (2007).
; and, be it
Further Resolved, That $11,286.04 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) be transferred to the Department of Administration account (#0001-1510-R999-006000) (2007) if necessary; and, be it
Further Resolved, That up to $24,661.01 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) be transferred to the Department of Employee Relations Account (#0001-1650-S172-006300) (2007) if necessary; and, be it
Further Resolved, That up to $18,753.39 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2007) be transferred to the Department of Employee Relations Account (#0001-1650-R999-006300) (2007) if necessary; and,...
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