Number
190032
Version
SUBSTITUTE 1
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, 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 City operates and maintains underground conduit; and
Whereas, the City charges a conduit system occupancy fee for using the City’s conduit system; and
Whereas, the actual revenue received in 2018 exceeded the budgeted revenue,
Whereas, The City Comptroller has certified greater than anticipated revenue in the amount of $1,180,000, pursuant to s. 304-91,
Pursuant to s. 304-91, I hereby certify that the money required for this is anticipated to be realized on or before December 31, 2018 and 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 the Comptroller is authorized to increase appropriations in the amount of $1,029,651.49 in the Department of Public Works - Operations Division 2018 Salary account (0001-5450-R999-006000) and to increase appropriations in the amount of $150,348.51 in the Department of Public Works - Operations Division 2018 Operating account (0001-5450-R999-006300) and to increase the 2018 Estimated Revenue account (0001-5450-009400) by $1,180,000.
Further Resolved, That the Comptroller is authorized and directed to establish the necessary accounts and accounting procedures to carry out the intent of this resolution.
Requestor
DOA-Budget and Management Division
Drafter
BJR
April 22, 2019
I:\Finance\Resolutions\Greater than anticipated revenue DPW-2018