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File #: 060771    Version: 0
Type: Resolution Status: Passed
File created: 9/26/2006 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 11/10/2006
Effective date:    
Title: Resolution clarifying the intent of the Common Council relative to Contingent Fund appropriations.
Sponsors: THE CHAIR
Indexes: BUDGET, CONTINGENT FUND
Attachments: 1. Fiscal Note.pdf

Number

060771

Version

ORIGINAL

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 2007 Common Council Contingent Fund for obligations incurred in 2007, notwithstanding that such formal Common Council action is completed in 2007, but prior to the closing of the city’s 2007 financial accounts.

 

Requestor

Budget and Management Division

Drafter

Ref: 2007 BF, 7-E; DY:

September 15, 2006

FINANCE: contingent.RTF