Number
050289
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution appropriating $10,866 from the 2005 Common Council Contingent Fund to the Martin Luther King, Arts Board, Wisconsin Controlled Substances, U.S. Postal Seized Assets, and Teddy Bear Contribution Accounts.
Analysis
This resolution provides funds from the Common Council Contingent Fund to replace contribution funds that have reverted to the Tax Stabilization Fund.
Body
Whereas, The authorization to carry over certain available fund balances must be in compliance with Section 65.07(1)(p), Wisconsin State Statutes, various other guidelines, and other prudent criteria; and
Whereas, The certain funds within contribution accounts were not within those guidelines by extending past carryover limits of three years; and
Whereas, The intent of those funds contributed by private citizens, organizations, or other government entities are to be utilized for specific projects, events, services, or supplies; and
Whereas, The Administration believes that it is in the best interest of the city that these funds are replaced and the accounts are made whole for their intended purposes; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Comptroller is hereby authorized and directed to transfer funds in the total amount of $10,866 from the 2005 Common Council Contingent Fund (0001-9990-0001-C001-006300) to the following contribution accounts for the following amounts:
Martin Luther King Contribution Account (0001-1910-0001-D191-006300) - $9,330,
Arts Board Contribution Expenditure Account (0001-1910-0001-D193-006300) - $792,
Wisconsin Controlled Substances Account (0001-3310-0001-D343-006300) - $5,
U.S. Postal Seized Assets (0001-3310-0001-D344-006300) - $541,
Teddy Bear Contributions (0001-3310-0001-D345-006300) - $198.
Requestor
Drafter
Budget and Management Division
Ref: 05009; DJS
June 13, 2005
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