2022-2065 RESOLUTION NO. 2022-2065
A resolution authorizing a General Fund transfer from contingency to the Information
Technology Capital Fund for calendar year 2022.
WHEREAS, the Common Council of the City of Janesville adopted Council Policy 89 related to
General Fund Balance; and
WHEREAS, Council Policy 89 sets an unrestricted fund balance policy in a range of 16.7% to
25% of the fund operating expenditures for the following year; and
WHEREAS, the 2023 General Fund operational budgeted expenditures are estimated to be forty-
five million, one-hundred ninety-eight thousand and two dollars ($45,198,002); and
WHEREAS, the General Fund unrestricted fund balance is estimated to be eleven million, three-
hundred forty-one thousand, eight hundred and nine dollars ($11,341,809) at the end of 2022,
which is above the threshold established by Council Policy 89; and
WHEREAS, it is appropriate to use excess reserves for capital projects.
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of Janesville finds
that it is in the best interest of the City of Janesville to provide for and authorize a General Fund
transfer from the contingency account to the IT Capital Fund for calendar year 2022 for use on
capital projects; and
BE IT FURTHER RESOLVED by the Common Council of the City of Janesville that it hereby
authorizes a transfer from the General Fund Contingency Balance to the IT Capital Fund to be
made in an amount not to exceed three hundred thousand dollars ($300,000) for calendar year
2022 for IT capital projects.
ADOPTED: December 12, 2022 Motion by: Marklein
Second by: Williams
APPROVED: Councilmember Aye Nay Pass Absent
Benson X
'a Burdick X
David Moore, Acting Ci Manager Jackson X
Marklein X
ATTEST: Marshick X
Miller X
Williams X
Lorena Rae Stottler, City Clerk-Treasurer
APPROVED AS TO FORM:
City Attorney, ald Klimczyk
Proposed by: Finance Office
Prepared by: Finance Director