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File #: 200055    Version:
Type: Resolution Status: Passed
File created: 5/8/2020 In control: COMMON COUNCIL
On agenda: Final action: 5/27/2020
Effective date:    
Title: Substitute resolution relating to expenditure of funds to be reimbursed by greater than anticipated revenue (Port of Milwaukee).
Sponsors: ALD. BORKOWSKI
Indexes: BUDGET, PORT OF MILWAUKEE
Attachments: 1. DOA Letter, 2. 2020 Flood Summary, 3. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
6/10/20201 MAYOR SIGNED   Action details Meeting details Not available
5/27/20201 COMMON COUNCIL ADOPTEDPass15:0 Action details Meeting details Video Video
5/20/20201 FINANCE & PERSONNEL COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Appearing: Ald. Mark Borkowski, 11th Ald. Dist. Adam Schlicht, Port Milwaukee Jackie Carter, Port Milwaukee Mr. Schlicht gave a PowerPoint presentation.
Pass5:0 Action details Meeting details Not available
5/15/20201 FINANCE & PERSONNEL COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
5/15/20201 FINANCE & PERSONNEL COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
5/15/20201 FINANCE & PERSONNEL COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
5/15/20201 FINANCE & PERSONNEL COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
5/14/20201 CITY CLERK DRAFT SUBMITTED   Action details Meeting details Not available
5/8/20200 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available
Number
200055
Version
SUBSTITUTE 1
Reference

Sponsor
ALD. BORKOWSKI

Title
Substitute resolution relating to expenditure of funds to be reimbursed by greater than anticipated revenue (Port of Milwaukee).

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 Port of Milwaukee experienced major flooding and damage in January of 2020; and

Whereas, primarily impacted sites include the Port’s commercial operations on Jones Island as the Port’s international docks at Federal Marine Terminals were significantly affected; and

Whereas, greater than anticipated revenue in the amount of $660,000 would be utilized by the Port of Milwaukee to pay for the City of Milwaukee’s insurance deductible with Travelers or as a required local match for State or Federal emergency response and remediation grants; and

Whereas, The City Comptroller has certified greater than anticipated revenue in the amount of $660,000, 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, 2019 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 $660,000 in the Port of Milwaukee 2019 Operating account (0480-4280-R999-006300) and to increase the 2019 Estimated Revenue account (0480-4280-009400) by $660,000; and, be it

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
ML:ns
M...

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