Number
080773
Version
Reference
Sponsor
THE CHAIR
Title
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 2009 Common Council Contingent Fund for obligations incurred in 2009, notwithstanding that such formal Common Council action is completed in 2009, but prior to the closing of the city’s 2009 financial accounts.
Requestor
Budget and Management Division
Drafter
Ref: 2009 BF, 7-E; DY:
September 16, 2008
FINANCE: contingent.RTF