2004-127
RESOLUTION NO. 2004-127
A RESOLUTION AUTHORIZING A SUPPLEMENTAL APPROPRIATION TO
THE CITY'S GENERAL FUND OPERATING BUDGET CONTINGENCY ACCOUNT
IN THE AMOUNT OF $624,000 FOR THE FISCAL YEAR 2004
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 2004 General Fund Operating Budget so as to transfer
Six Hundred Twenty Four Thousand and No/Dollars ($624,000) from the City's Undesignated
Fund Balance to this Contingency Account to meet one or more unforeseen needs and financial
demands that mayor might arise during the remainder ofthe General Fund Operating Budget
fiscal year 2004; 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 2004 General Fund Operating Budget upon which future
shared revenues for the year 2005 and subsequent years will be based, calculated and provided
by the Wisconsin Department of Revenue, resulting in increased shared revenues for the City of
J anesville; and
WHEREAS, the Common Council ofthe 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 Six
Hundred Twenty Four Thousand and No/Dollars ($624,000) from the City of Janesville's
Undesignated Fund Balance to said City of Janesville's 2004 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: December 27, 2004
MOTION BY: DeGarmo
SECOND BY: Williams
COUNCILMEMBER AYE NAY PASS ABSENT
Wellnitz, Tim X
Brien X
Williams X
Wellnitz, Tom X
Steeber X
DeGarmo X
Addie X
APPROVED:
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Steven E. Sheiffer, City Manager ./
ATTEST:
APPROVED AS TO FORM:
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City Attorney
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Proposed by:
Prepared by:
City Administration
Finance Administration