City of Milwaukee - File #: 101255

• File #: 101255
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 2/8/2011
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 3/23/2011
• Title: Substitute resolution appropriating funds from the 2010 Common Council Contingent Fund for the purpose of closing the 2010 financial books due to unanticipated shortfalls in current-year operating expenses.
• Sponsors: THE CHAIR
• Indexes: BUDGET, CONTINGENT FUND

Date	Ver.	Action By	Action	Result	Tally
3/28/2011	1	MAYOR	SIGNED
3/23/2011	1	COMMON COUNCIL	ADOPTED	Pass	14:0
3/18/2011	1	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	4:0
3/15/2011	1	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
3/15/2011	1	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
2/8/2011	0	COMMON COUNCIL	ASSIGNED TO

Number

101255

Version

SUBSTITUTE  1

Reference

Sponsor

THE CHAIR

Title

Substitute resolution appropriating funds from the 2010 Common Council Contingent Fund for the purpose of closing the 2010 financial books due to unanticipated shortfalls in current-year operating expenses.

Analysis

The 2010 Police Department salary account has an unanticipated shortfall, primarily due to contact settlements. This resolution authorizes a transfer of up to $2,868,409 from the Common Council Contingent Fund to the Police Department Salary Account to facilitate closing of year 2010 financial books.

Body

Whereas, To facilitate closing of year 2010 financial books, transfers from 2010 Common Contingent Fund are necessary; now therefore, be it

Resolved, By the Common Council of the City of Milwaukee that up to $2,868,409 from the Common Council Contingent Fund (#0001-9990-C001-006300) (2010) shall be transferred to the Police Department Salary Account (#0001-3310-R999-006000) (2010), if necessary.

Requestor

Department of Administration

Budget and Management Division

Drafter

LRB126185-1

Jim Carroll

3/15/11