HomeMy WebLinkAbout016-99RESOLUTION NO. 16-99
APPROVING THE MID-YEAR ADJUSTMENTS TO THE
FISCAL YEAR 1998-99 FINANCIAL PLAN
WHEREAS, all revenue and expenditure projections which were made in preparing
the Fiscal Year 1998-99 Financial Plan have been reviewed; and
WHEREAS, three mid-year adjustments to the 1998-99 Financial Plan are
recommended to continue balancing expenditures with available revenues, including:
· $245,000 appropriation in the Building and Planning Special Revenue Fund to
fund contract inspection and plan checking services in the General Fund Building
and Planning Division. Expenditures are projected to be offset by an increase in
revenues in the Building and Planning Special Revenue Fund.
· $18,000 appropriation in the General Fund Sports & Fitness program to fund the
sponsorship of the "Cubbies" program. Expenditures are projected to be offset by
$18,000 of revenue generated by the "Cubbies" program.
· $66,735 appropriation in the General Fund Transportation program to fund
retrofitting the Town's signal lights with energy efficient LED's. Expenditures in
the General Fund Transportation program will be funded by a transfer from the
Gas Tax Fund. These expenditures will be offset by future energy savings and the
receipt of five (5) annual incentive payments to the Gas Tax Fund beginning in
Fiscal Year 1999-00.
WHEREAS, sufficient funding is available in these funds; now, therefore, be it
RESOLVED, that the Danville Town Council approve the mid-year adjustments to
the Fiscal Year 1998-99 Financial Plan.
APPROVED, by the Danville Town Council at a regular meeting held on February
16, 1999, by the following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
Arnerich, Greenberg, Doyle, Shimansky, Waldo
None
None ~~~
None
MAYOR
APPROVED AS TO FORM:
CITY ATTORNEY
CITY CLERK