Number
141029
Version
Original
Reference
141019
Sponsor
The Chair
Title
Resolution relating to expenditure of funds to be reimbursed by greater than anticipated revenue. (Damages and Claims Fund).
Analysis
This resolution authorizes the appropriation and expenditure of funds by the City Attorney due to greater than anticipated revenue. Common Council Resolution Number 141019 authorized the expenditure of funds from the Damages and Claims Fund in the amount of $25,100 to settle claims brought by Heather Long against the Milwaukee Employes' Retirement System (ERS). The ERS has agreed to reimburse the City for this expenditure.
Body
Whereas, Section 304-91 of the Milwaukee Code of Ordinances establishes procedural guidelines related to the expenditure of funds to be reimbursed by greater than anticipated revenues; and
Whereas, The Common Council has authorized an expenditure in the amount of $25,100 from the Damages and Claims Fund upon adoption of Common Council File Number 141019 in settlement of claims brought against the Milwaukee Employes' Retirement System (ERS); and
Whereas, The ERS has agreed to reimburse the City for these expenditures from the Damages and Claims Fund; and
Whereas, The Comptroller has certified greater than anticipated revenue in the amount of $25,100, pursuant to s. 304-91 by the following statement:
Pursuant to s. 304-91, I hereby certify that the money required for this is anticipated to be realized on or before 12/31/14 and to be expended only for the purpose in this resolution.
___________________________________ ______________
Comptroller Date
; now, therefore, be it
Resolved, That $25,100 is appropriated to the Damages and Claims Fund Account Number 0001-1490-S118-006300; and, be it
Further Resolved, That the City Attorney is authorized to expend $25,100 in the account 0001-S118-006300, for purposes related to settlement and payment of damages and claims; and, be it
Further Resolved, That the City Comptroller is directed to establish the necessary accounts and accounting procedures to carry out the intent of this resolution.
Requestor
City Attorney
Drafter
RLW
10/14/2014
#208719