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File #: 021579    Version:
Type: Resolution Status: Passed
File created: 2/11/2003 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 3/4/2003
Effective date:    
Title: Substitute resolution appropriating funds from the 2002 Common Council Contingent Fund for the purpose of closing the 2002 financial books due to unanticipated shortfalls in current year operating expenses.
Sponsors: THE CHAIR
Indexes: BUDGET, CONTINGENT FUND
Attachments: 1. Budget and Mgt. Cover Letter.PDF, 2. Contingent Fund Request Info. Form.PDF, 3. Budget reply.PDF, 4. Fiscal note.PDF, 5. Fiscal Review Analysis.pdf
Number
021579

Version
SUBSTITUTE 1

Reference

Sponsor
THE CHAIR

Title
Substitute resolution appropriating funds from the 2002 Common Council Contingent Fund for the purpose of closing the 2002 financial books due to unanticipated shortfalls in current year operating expenses.

Analysis
This substitute resolution transfers remaining funds in the 2002 Common Council Contingent Fund to the City Attorney Office's Operating and Equipment accounts, the Workers' Compensation account, the Department of Employee Relations Operating Expenditures account, the Assessor's Office's Operating Expenditures account, and the Library's Reciprocal Borrowing account. In addition, any funding not used in these accounts is to be transferred to the Police Department's Salary account.

Body
Whereas, Due to higher than anticipated expenditures, various 2002 accounts have a shortfall; and

Whereas, To facilitate closing of Year 2002 financial books, transfers from 2002 Common Council Contingent Fund are necessary; now therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the no greater than the sum of $24,000 in the Common Council Contingent Fund (#0001-9990-C001-006300) (2002) be transferred to the City Attorney Office's Operating Expenditures account (#0001-1490-R999-006300) (2002); and, be it

Further Resolved, By the Common Council of the City of Milwaukee, that the no greater than the sum of $55,000 in the Common Council Contingent Fund (#0001-9990-C001-006300) (2002) be transferred to the Workers' Compensation Special Purpose account (#0001-1650-S176-006100) (2002); and, be it

Further Resolved, By the Common Council of the City of Milwaukee, that the no greater than the sum of $800 in the Common Council Contingent Fund (#0001-9990-C001-006300) (2002) be transferred to the Department of Employee Relations Operating Expenditures account (#0001-1650-R999-006300) (2002); and, be it

Further Resolved, By the Common Co...

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