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File #: 081336    Version:
Type: Resolution Status: Passed
File created: 1/16/2009 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 3/25/2009
Effective date:    
Title: Substitute resolution rescinding reserved commitments and appropriating funds from the 2008 Common Council Contingent Funds for the purpose of closing the 2008 financial books due to unanticipated shortfalls in current year operating expenses.
Sponsors: THE CHAIR
Indexes: BUDGET, CONTINGENT FUND
Attachments: 1. Fiscal note
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
4/3/20091 MAYOR SIGNED   Action details Meeting details Not available
3/25/20091 COMMON COUNCIL ADOPTEDPass14:0 Action details Meeting details Not available
3/23/20092 CITY CLERK DRAFT SUBMITTED   Action details Meeting details Not available
3/20/20092 FINANCE & PERSONNEL COMMITTEE RECOMMENDED FOR ADOPTIONPass5:0 Action details Meeting details Not available
3/20/20091 FINANCE & PERSONNEL COMMITTEE SUBSTITUTED

Minutes note: Individuals present: Mark Nicolini, Director, Dept. of Admin., Budget & Management Div. David Schroeder, Dept. of Admin., Budget & Management Div. Proposed Substitute A offered.		Pass5:0 Action details Meeting details Not available
3/19/20091 CITY CLERK DRAFT SUBMITTED   Action details Meeting details Not available
1/20/20090 FINANCE & PERSONNEL COMMITTEE REFERRED TO   Action details Meeting details Not available
1/16/20090 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number

081336

Version

SUBSTITUTE 2

Reference

 

Sponsor

THE CHAIR

Title

Substitute resolution rescinding reserved commitments and appropriating funds from the 2008 Common Council Contingent Funds for the purpose of closing the 2008 financial books due to unanticipated shortfalls in current year operating expenses.

 

Body

Whereas, To facilitate closing of Year 2008 financial books, appropriations from 2008 Common Contingent Fund are necessary; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee, that up to $88,634.03 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2008) be transferred to the Workers’ Compensation Special Purpose Account (#0001-1650-S176-006100) (2008) if necessary; and, be it

 

Further Resolved, That up to $742,330.82 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2008) be transferred to the Department of Public Works Infrastructure Division Account (#0001-5230-R999-006300) (2008) if necessary; and, be it

 

Further Resolved, That up to $437,384.15 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2008) be transferred to the Department of Public Works Operations Division Account (#0001-5230-R999-006300) (2008) if necessary.

 

Requestor

Department of Administration

Budget and Management Division

 

Drafter

Ref: 08009 DS

March 20, 2009

I:\FINANCE\Resolutions\081336 - CCCF 2008 Closing.rtf