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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