Number
181655
Version
SUBSTITUTE 2
Reference
Sponsor
THE CHAIR
Title
Substitute resolution rescinding reserved commitments and appropriating remaining funds from the 2018 Common Council Contingent Fund for the purpose of closing the 2018 financial books due to unanticipated shortfalls in current year operating expenses.
Analysis
This resolution also authorizes the transfer from the 2018 Common Council Contingent Fund of up to $4,350,000 to various departments and account in order to close the 2018 financial books.
Body
Whereas, To facilitate closing of year 2018 financial books, transfers from 2018 Common Contingent Fund are necessary; now therefore, be it
Further Resolved, That up to $3,673,732 from the 2018 Common Council Contingent Fund (0001-9990-C001-006300) (2018) be transferred to the Department of Public Works Operations Division Operating Expenditure Account (0001-5450-R999-006300) (2018) if necessary; and, be it
Further Resolved, That up to $424,980 from the 2018 Common Council Contingent Fund (0001-9990-C001-006300) (2018) be transferred to the Social Security Account (0001-2110-R453-006100) (2018), if necessary; and, be it
Further Resolved, That up to $162,258 from the 2018 Common Council Contingent Fund (0001-9990-C001-006300) (2018) be transferred to the Library Equipment Account (0001-8610-R999-006800) (2018) if necessary; and, be it
Further Resolved, That up to $24,531 from the 2018 Common Council Contingent Fund (0001-9990-C001-006300) (2018) be transferred to the City Attorney Collection Contract Special Purpose Account (0001-1490-S113-006300) (2018), if necessary.
Further Resolved, That up to $24,473 from the 2018 Common Council Contingent Fund (0001-9990-C001-006300) (2018) be transferred to the Department of Public Works Operations Division Special Fund Expenditure Account (0001-5450-R553-006300) (2018) if necessary; and, be it
Further Resolved, That up to $17,611 from the 2018 Common Council Contingent Fund (0001-9990-C001-006300) (2018) be transferred to the Milwaukee Police Department Equipment Account (0001-3310-R999-006800) (2018) if necessary; and, be it
Further Resolved, That up to $15,200 from the 2018 Common Council Contingent Fund (0001-9990-C001-006300) (2018) be transferred to the Audit Fund Special Purpose Account (0001-1310-S106-006300) (2018) if necessary; and, be it
Further Resolved, That up to $3,679 from the 2018 Common Council Contingent Fund (0001-9990-C001-006300) (2018) be transferred to the Milwaukee Arts Board Projects Special Purpose Account (0001-1910-S151-006300) (2018), if necessary; and, be it
Further Resolved, That up to $2,683 from the 2018 Common Council Contingent Fund (0001-9990-C001-006300) (2018) be transferred to the Department of Public Works Administration Division Operating Expenditures Account (0001-5140-R999-006300) (2018) if necessary; and, be it
Further Resolved, That up to $853 from the 2018 Common Council Contingent Fund (0001-9990-C001-006300) (2018) be transferred to the Boards & Commissions Reimbursement Expense Special Purpose Account (0001-2110-S108-006300) (2018), if necessary; and, be it
Further Resolved, That up to $4 from the 2018 Common Council Contingent Fund (0001-9990-C001-006300) (2018) be transferred to the Municipal Court Intervention Program Special Purpose Account (0001-1320-S155-006300) (2018), if necessary.
Requestor
DOA-Budget and Management Division
Drafter
BJR
Reference
18007
April 29, 2019
I:\CONTFUND\2018\yr end closeout\181655res-subA