Number
011624
Version
Substitute 2
Reference
Sponsor
THE CHAIR
Title
A substitute resolution appropriating funds from the 2001 Common Council Contingent Fund for the purpose of closing the 2001 financial books due to unanticipated shortfalls in current year operating expenses.
Analysis
This substitute resolution transfers remaining funds in the 2001 Common Council Contingent Fund to the Police Department Operating Expenditures account as well as the Workers' Compensation account.
Body
Whereas, Due to higher than anticipated expenditures, the Police Department's operating expenditures account and the Workers' Compensation account have a combined shortfall of $115,495.78 in these 2001 accounts; and
Whereas, To facilitate closing of Year 2001 financial books, transfers from 2001 Common Council Contingent Fund are necessary; now therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the sum of $28,489.65 in the Common Council Contingent Fund (#0001-9990-C001-006300) (2001) be transferred to the Police Department Operating Expenditures account (#0001-3310-R999-006300) (2001); and, be it
Further Resolved, By the Common Council of the City of Milwaukee, that the sum of $87,006.13 in the Common Council Contingent Fund (#0001-9990-C001-006300) (2001) be transferred to the Workers' Compensation account (#0001-1650-S176-006100) (2001).
Requestor
DOA-Budget and Management Division
Drafter
Budget and Management Division
Ref: 011624:KMO
March 18, 2002
Finance/Resolut/011624res.doc