2024-2199 RESOLUTION NO. 2024-2199
A resolution authorizing a General Fund transfer from contingency to the Housing
Assistance Fund for calendar year 2023 and reallocating budgeted funds from the
Contingency category to the Public Safety category.
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-
seven million, thirty-four thousand and one hundred seventy-nine dollars ($47,034,179); and
WHEREAS, the General Fund unrestricted fund balance is estimated to be twelve million, one-
hundred ninety-three thousand, eight hundred and fifty-five dollars ($12,193,855) at the end of
2023, which is above the threshold established by Council Policy 89; and
WHEREAS, it is appropriate to use excess reserves for special projects; and
WHEREAS,the Common Council on the City of Janesville adopted File Resolution Number 2022-
2063, establishing the 2023 City Budget; and
WHEREAS, the Common Council authorized the following operating expenditure program
budgets:
General Fund Operating Expenditures
General Government $4,742,217.00
Public Safety 28,409,218.00
Public Works 6,002,490.00
Parks and Recreation 3,356,637.00
Community Development 1,798,148.00
Other 889,292.00
Total General Fund Operations $45,198,002.00
WHEREAS, The Public Safety budget category is estimated to be overspent by five-hundred eight
thousand, five hundred and forty-eight dollars ($508,548); and
WHEREAS, it is appropriate to use contingency funds to cover the Public Safety overage.
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 Housing Assistance Fund for calendar year 2023 for
use on housing assistance projects; and
BE IT FURTHER 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 budget transfer from the
General Fund the contingency budget to the Public Safety budget for calendar year 2023 for use
on public safety operations; 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 Housing Assistance
Fund to be made in an amount not to exceed five hundred thousand dollars ($500,000) for
calendar year 2023 for housing assistance 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 Budget to the Public Safety Budget to
be made in an amount not to exceed five hundred fifty thousand dollars ($550,000)for calendar
year 2023 for program overspending.
ADOPTED: February 12, 2024 Motion by:Williams
Second by: Marshick
APPROVED: Councilmember Aye Nay Pass Absent
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Benson X
} Burdick X
Kevin M. Lahner, City Manager Jackson X
Marshick X
ATTEST: Miller X
Neeno X
Williams X
Lorena Rae Stottler, City Clerk-Treasurer
APPROVED AS TO FORM:
City Attorney, Wald Klimczyk
Proposed by: Finance Office
Prepared by: Finance Director