Number
081112
Version
Substitute 2
Reference
Sponsor
THE CHAIR
Title
Substitute resolution relating to expenditure of funds to be reimbursed by greater than anticipated revenue. (Department of Public Works)
Analysis
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, The Department of Public Works will receive more revenue than estimated for snow and ice control, apartment garbage collection due to rate increases and greater than anticipated parking fund revenue in 2008; and
Whereas, The amount received is $2.525 million from these rate increases and parking revenue that can not be directly credited to an expenditure; and
Whereas, The Comptroller has certified greater than anticipated revenue in the amount of $2.525 million, pursuant to s. 304-91; and
Pursuant to s. 304-91, I hereby certify that the money required for this is anticipated to be realized on or before 12/31/08 and to be expended only for the purpose in this resolution.
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Comptroller Date
; now, therefore, be it
Resolved, That $2,025,000 is appropriated to the Department of Public Works Operation Division account #0001-5450-R999-006300; and, be it
Further Resolved, That the Department of Public Works Operation Division is authorized to expend $2,025,000 in the account #0001-5450-R999-006300; and, be it
Further Resolved, That $500,000 is appropriated to the Department of Public Works Parking Division account #0450-6610-R999-006300; and, be it
Further Resolved, That the Department of Public Works Parking Division is authorized to expend $500,000 in the account #0450-6610-R999-006300; and, be it
Further Resolved, That the City Comptroller be, and hereby is, authorized and directed to establish the necessary accounts and accounting procedures to carry out the intent of this res...
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