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RESOLUTION NO. 8-2009
APPROVING THE MID-YEAR ADJUSTMENTS TO THE
FISCAL YEAR 2008-09 FINANCIAL PLAN
WHEREAS, all revenue and expenditure projections, which were made in preparing the
Fiscal Year 2008-09 Financial Plan have been reviewed; and
WHEREAS, the following mid-year adjustments to the 2008-09 Financial Plan are
recommended to reflect changes in revenues, reflect decreased expenditure needs and
continue balancing expenditures with available revenues and reserves:
· A decrease of $69,683 in the transfer tax revenue category of the General Fund;
· A decrease of $175,469 in the sales tax revenue category of the General Fund;
· A decrease of $113,847 in the vehicle license fees revenue category of the General
Fund;
. A decrease of $110,000 in the fines and forfeiture revenue category of the General
Fund;
. An increase of $186,886 in the Insurance Rebate revenue category of the General
Fund;
· A decrease of $276,200 in the Building Permit/Plan Check fee revenue category
of the Building and Planning Fund;
. A decrease of 194,462 in expenditure appropriations from the Building and
Planning fund for program expenditures;
. A decrease of $74,322 in the gas tax revenue cat~gories of the Gas Tax Fund:
. An increase of $633,321 in the Gas Tax Fund for Prop. 1B revenues from the state;
. An increase of $104,105 in the Gas Tax Fund for Prop. 42 revenues from the state;
WHEREAS, sufficient funding is available in the Town's funds; now, therefore, be it
RESOLVED, that the Danville Town Council approves the mid-year adjustments to the
Fiscal Year 2008-09 Financial Plan.
APPROVED, by the Danville Town Council at a regular meeting held on February 17,
2009, by the following vote:
AYES: Arnerich, Doyle, Andersen, Shimansky, Stepper
NOES: None
ABSTAINED: None
ABSENT: None
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CITY ATTORNEY
ATTEST: