2002-303EXHIBIT I
RESOLUTION NO. 2002-303
,4 RESOLUTION.4 UTHORIZING .4 SUPPLEMENTAL APPROPRIATION TO
THE CITY'S GENERAL FUND OPERATING BUDGET CONTINGENCY ACCOUNT
IN THE AMOUNT OF $111,000 FOR THE FISCAL YEAR 2002
WHEREAS, the City of Janesville City Administration has established a Contingency
Account as part of the City of Janesville's General Fund Operating Budget in accordance with
generally accepted accounting principles; and
WHEREAS, the City Administration believes it reasonable, prudent and desirable to
amend the City of Janesville's fiscal year 2002 General Fund Operating Budget so as to transfer
One Hundred Eleven Thousand and No/Dollars ($111,000) from the City's Undesignated Fund
Balance to this Contingency Account to meet one or more unforeseen needs and financial
demands that may or might arise during the remainder of the General Fund Operating Budget
fiscal year 2002; and
WHEREAS, the Contingency Account in the City's General Fund Operating Budget is
and shall be part of the program budget of the City of Janesville; and
WHEREAS, Section 62.11 (5), 66.0101, 65.90 and 65.90(5) of the Wisconsin Statutes
enable, empower and authorize the governing body of Wisconsin cities to amend and supplement
an adopted General Fund Operating Budget, from time to time, in the best interests of the
community and its financial well-being; and
WHEREAS, such supplemental appropriation would establish a higher overall base for
the City of Janesville's fiscal year 2002 General Fund Operating Budget upon which future
shared revenues for the year 2003 and subsequent years will be based, calculated and provided
by the Wisconsin Department of Revenue, resulting in increased shared revenues for the City of
Janesville; and
WHEREAS, the Common Council of the City of Janesville hereby finds that such
supplemental appropriation is in the best interests of, benefit to, police powers of, welfare and
well being of the City of Janesville;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Janesville that they hereby, as part of the City of Janesville's General Fund Operating Budget
including, but not limited to, authorize the supplemental appropriation and transfer of One
Hundred Eleven Thousand and No/Dollars ($111,000) from the City of Janesville's
Undesignated Fund Balance to said City of Janesville's 2002 General Fund Operating Budget
Contingency Account; and
(over)
BE IT FURTHER RESOLVED that the City Manager, with the approval of the City
Council, is further empowered to make such transfers from the Contingency Account to such
other General Fund Operating Budget accounts as the City Manager and City Council may, from
time to time, determine necessary and/or desirable to effectuate the intent of said Contingency
Account and this resolution.
ADOPTED: November 11, 2002
APPROVED:
Steven E. Sheiffer, City Manager
ATTEST:
Je~Ann-Wulf, ~ity'Clerk-TreasUrfif
APPROVED AS TO FORM:
City Attom{ey ' ~(,/ ~ ~ / t
Proposed by: City Administration
Prepared by: Finance Administration
MOTION BY: Williams
SECOND BY: Damron
COUNCILMEMBER AYE NAY Pass ABSENT
STEEBER X
MURPHY X
DAMRON X
WILLIAMS X
DEGARMO X
BRIEN x
O'LEARY x
/ajh{Annual/Resolutions/2002-303 Supplemental Appr Contingency Acct. doc}