Number
070710
Version
ORIGINAL
Reference:
070619
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 070619.
Body:
Whereas, Common Council File 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 $1,700,000 as a result of the 2007 Budget process; and
Whereas, Contribution revenue received to date exceeds $1,466,990; and
Whereas, Resolution 070619 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 $684,500,
Pursuant to s. 304-91, I hereby certify that the money required for this item is anticipated to be realized on or before 12/31/2007 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 $684,500 is appropriated to the 2007 Special Purpose Contribution account 0001-2110-0001-D001-006300 with a corresponding increase to the Estimated Contribution Revenue account 0001-9990...
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