Number
021085
Version
SUBSTITUTE 3
Reference
Sponsor
THE CHAIR
Title
Substitute resolution related to expenditure of funds to be reimbursed by greater than anticipated revenue (Department of Public Works).
Analysis
This resolution authorizes the Department of Public Works to expend additional funds for expenses directly related to grants awarded. Grants totaling $6,300,000 have been awarded and await additional expenditure authority to be utilized for their intended purposes.
Body
Whereas, Common Council File 980965 established procedural guidelines related to the expenditure of funds to be reimbursed by greater than anticipated revenues; and
Whereas, The Department of Public Works has received grants totaling $6,300,000 for capital infrastructure projects; and
Whereas, The Department of Public Works received Common Council approval for these grants under various resolutions previously adopted; and
Whereas, The Comptroller has certified greater than anticipated revenue in the amount of $6,300,000, 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, 2005 and is to be expended only for the purposes in this resolution.
___________________________ ___________
Comptroller Date
; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that $6,300,000 is appropriated to the Capital Improvements Grantor Share- Non-City Cash account #0306-9990-R999-SP032020100; and, be it
Further Resolved, That the City Comptroller be, and hereby is, authorized and directed to establish the necessary accounts and accounting procedures to carry out the intent of this resolution.
Requestor
Department of Administration
Budget and Management Division
Drafter
JJL
Ref:02010(39)
November 20, 2002
Finance:021085.rtf