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File #: 101053    Version: 0
Type: Resolution Status: Passed
File created: 12/21/2010 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 1/19/2011
Effective date:    
Title: Resolution relating to expenditure of funds to be reimbursed by greater than anticipated revenue.
Sponsors: THE CHAIR
Indexes: COMPTROLLER, POLICE DEPARTMENT, REIMBURSABLE SERVICES
Attachments: 1. Cover Letter, 2. Fiscal Impact Statement, 3. Hearing Notice List, 4. Signed Resolution

...Number

101053                     

...Version

ORIGINAL

...Reference

                     

...Sponsor

THE CHAIR                     

...Title

Resolution relating to expenditure of funds to be reimbursed by greater than anticipated revenue. 

 

...Analysis

This resolution authorizes the Office of the Comptroller to increase appropriations in the Special Purpose account for contributions allowing for execution of the transfer authorized in Resolution 100042.

 

Body

Whereas, Common Council file 980965 established procedural guidelines related to the expenditure of funds to be reimbursed by greater than anticipated revenues; and

 

Whereas, The Estimated Contribution Revenue account as a source of funds for general city purposes was established at $2,400,000.00 as a result of the 2010 Budget process; and

 

Whereas, Contributions received to date exceeds $2,410,605.41

 

Pursuant to s. 304-91, I hereby certify that the money required for this is anticipated to be realized on or before 12/31/10 and to be expended only for the purpose in this resolution.

 

 

 

__________________________________________                                          __________________

Comptroller                                                                                                                                                   Date

; now, therefore, be it

 

Resolved, That up to $450,000 is appropriated to 2010 Special Purpose Contribution account 0001-2110-D001-006300 with a corresponding increase to the Estimated Contribution Revenue account 0001-9990-009850; and, be it

 

Further Resolved, That the City Comptroller be, and hereby is, authorized and directed to carry out the intent of this resolution.

 

Requestor

CITY COMPTROLLER

Drafter

CITY COMPTROLLER                     

WMM:PN:

12-06-10