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File #: 040887    Version: 0
Type: Resolution Status: Passed
File created: 10/11/2004 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 11/3/2004
Effective date:    
Title: : Resolution relating to expenditure of funds to be reimbursed by greater than anticipated revenue (Milwaukee Police Department).
Sponsors: THE CHAIR
Indexes: POLICE DEPARTMENT, REIMBURSABLE SERVICES
Attachments: 1. Comptroller's Cover Letter.pdf, 2. Fiscal Note.pdf, 3. Budget reply.pdf
Number
040887
Version

Reference:
040783

Sponsor
THE CHAIR
Title:
Resolution relating to expenditure of funds to be reimbursed by greater than anticipated revenue (Milwaukee Police Department).

Analysis:
This resolution authorizes the Office of the Comptroller to increase appropriations in the Special Purpose account for Contributions allowing for execution of the transfer authorized in Resolution 040783.

Body:
Whereas, Common Council File Number 980965 established procedural guidelines related to the expenditure of funds to be reimbursed by greater than anticipated revenues; and

Whereas, Section 304-24 of the City of Milwaukee Code of Ordinances regulates the receipt, appropriation and expenditure of contributions received by the City; and

Whereas, The Estimated Contribution Revenue account as a source of funds for general city purposes was established at $950,000 as a result of the 2004 Budget process; and

Whereas, Contribution revenue received to date exceeds $761,558; and

Whereas, Resolution File Number 040783 authorizes the transfer of funds from the Police Department's Federal Forfeiture Trust Fund to the Federal Forfeiture Contribution Revenue account and their subsequent expenditure; and

Whereas, There is insufficient appropriations to accomplish this transfer in accordance with the established procedural guidelines; and

Whereas, The Comptroller has certified greater than anticipated revenue in the amount of $845,000; and

Pursuant to s. 304-91, I hereby certify that the money required for this item is anticipated to be realized on or before 12/31/2004 to be expended only for the purpose in this resolution.

______________________________ ______________
Comptroller Date

; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that $845,000 is appropriated to the 2004 Special Purpose Contribution account 0001-2110-0001-D001-006300 with a corresponding increase to the ...

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