Number
081336
Version
SUBSTITUTE 2
Reference
Sponsor
THE CHAIR
Title
Substitute resolution rescinding reserved commitments and appropriating funds from the 2008 Common Council Contingent Funds for the purpose of closing the 2008 financial books due to unanticipated shortfalls in current year operating expenses.
Body
Whereas, To facilitate closing of Year 2008 financial books, appropriations from 2008 Common Contingent Fund are necessary; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that up to $88,634.03 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2008) be transferred to the Workers’ Compensation Special Purpose Account (#0001-1650-S176-006100) (2008) if necessary; and, be it
Further Resolved, That up to $742,330.82 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2008) be transferred to the Department of Public Works Infrastructure Division Account (#0001-5230-R999-006300) (2008) if necessary; and, be it
Further Resolved, That up to $437,384.15 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2008) be transferred to the Department of Public Works Operations Division Account (#0001-5230-R999-006300) (2008) if necessary.
Requestor
Department of Administration
Budget and Management Division
Drafter
Ref: 08009 DS
March 20, 2009
I:\FINANCE\Resolutions\081336 - CCCF 2008 Closing.rtf