Number
221522
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute Resolution Rescinding Reserved Commitments and Appropriating Remaining Funds from the 2022 Common Council Contingent Fund for the Purpose of Closing the 2022 Financial Books Due to Unanticipated Shortfalls in Current Year Operating Expenses
Analysis
This resolution also authorizes the transfer from the 2022 Common Council Contingent Fund of up to $407,000 to various departments and account in order to close the 2022 financial books.
Body
Whereas, To facilitate closing of year 2022 financial books, transfers from 2022 Common Contingent Fund are necessary; now therefore, be it
Resolved, By the Common Council of the City of Milwaukee that up to $190,720 from the 2022 Common Council Contingent Fund (0001-9990-C001-006300) (2022) be transferred to the Milwaukee Police Department Operating Expenditures Account (0001-3310-R999-006300) (2022) if necessary; and, be it
Further Resolved, By the Common Council of the City of Milwaukee that up to $216,281 from the 2022 Common Council Contingent Fund (0001-9990-C001-006300) (2022) be transferred to the Social Security Expenditures Account (0001-2100-R453-061000) (2022) if necessary;
Requestor
DOA-Budget and Management Division
Drafter
Bryan Rynders
April 30, 2023
CONTFUND/2022/Closeout/2022 CF closeout resolution