City of Milwaukee - File #: 060279

• File #: 060279
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 6/20/2006
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 7/12/2006
• Title: Substitute resolution transferring $160,000 from the 2006 Common Council Contingent Fund to the Unemployment Compensation Special Purpose Account; and reserving an additional $160,000 within the 2006 Common Council Contingent Fund for the purposes of further augmenting the Unemployment Compensation Special Purpose Account.
• Sponsors: THE CHAIR
• Indexes: CONTINGENT FUND, WAGES AND BENEFITS

Date	Ver.	Action By	Action	Result	Tally
7/20/2006	1	MAYOR	SIGNED
7/12/2006	1	COMMON COUNCIL	ADOPTED	Pass	14:0
7/10/2006	1	CITY CLERK	DRAFT SUBMITTED
7/10/2006	0	FINANCE & PERSONNEL COMMITTEE	SUBSTITUTED	Pass	3:0
7/10/2006	1	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	3:0
6/27/2006	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
6/22/2006	0	FINANCE & PERSONNEL COMMITTEE	REFERRED TO
6/20/2006	0	COMMON COUNCIL	ASSIGNED TO

Number
060279
Version
SUBSTITUTE
Reference

Sponsor
THE CHAIR
Title
Substitute resolution transferring $160,000 from the 2006 Common Council Contingent Fund to the Unemployment Compensation Special Purpose Account; and reserving an additional $160,000 within the 2006 Common Council Contingent Fund for the purposes of further augmenting the Unemployment Compensation Special Purpose Account.
Analysis
This resolution transfers $160,000 from the 2006 Common Council Contingent Fund to the Department of Employee Relations - Unemployment Compensation Special Purpose Account to cover a projected shortfall created by higher-than-anticipated unemployment compensation claims expense; and reserves an additional $160,000 within the 2006 Common Council Contingent Fund for the purposes of further augmenting the Unemployment Compensation Special Purpose Account.
Body
Whereas, The Department of Employee Relations - Unemployment Compensation Special Purpose Account was funded in 2006 at $780,000; and

Whereas, $751,085 of the $780,000 budget has already been expended; and

Whereas, The Department of Employee Relations and the Budget Office agree that the projected expenditures in 2006 for Unemployment Compensation will be at least $933,532; and

Whereas, Considerable uncertainty still exists regarding the ultimate level of unemployment compensation costs for 2006; and

Whereas, These expenditures are non-discretionary; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that an amount not to exceed $160,000 be transferred from the 2006 Common Council Contingent Fund (0001-9990-001-C001-006300-2006) to the Unemployment Compensation Special Purpose Account (006100-0001-1650-0001-S172-2006); and, be it

Further Resolved, That an additional $160,000 be reserved within the 2006 Common Council Contingent Fund for the purposes of further augmenting the Unemployment Compensation Special Purpose Account; and, be it

Further Resolved, That the appropr...