Number
211004
Version
SUBSTITUTE
Reference
Sponsor
The Chair
Title
Resolution relating to expenditure of funds to be reimbursed by greater than anticipated revenue (Port of Milwaukee).
Analysis
Body
Whereas, Section 304-91 of the Milwaukee Code of Ordinances establishes procedural guidelines related to the expenditure of funds to be reimbursed by greater than anticipated revenues; and
Whereas, the Port of Milwaukee received funds for reimbursement that had been pre-payed by the Port of Milwaukee for contractor work on an on-going infrastructure project; and
Whereas, greater than anticipated revenue in the amount of $43,900 will exceed budgeted revenue in 2021; and
Whereas, The City Comptroller has certified greater than anticipated revenue in the amount of $43,900, pursuant to s. 304-91,
Pursuant to s. 304-91, I hereby certify that the money required for this is anticipated to be realized on or before December 31, 2021 and to be expended only for the purpose in this resolution.
__________________________________ _______________
Comptroller Date
; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Comptroller is authorized to increase appropriations in the amount of $43,900 in the Port of Milwaukee 2021 Operating account 0480-4280-R422-006300 and to increase the 2021 Estimated Revenue account (0480-4280-941564) by $43,900; and, be it
Further Resolved, That the Comptroller 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
ML:cei
October 14, 2021
I:\Finance\Resolutions\2021\Greater than anticipated revenue Port - 2021