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RESOLUTION NO. 15-2010
ACCEPTING THE MID-YEAR FINANCIAL REPORT AND
APPROVING THE MID-YEAR ADJUSTMENTS TO THE
FISCAL YEAR 2009/10 FINANCIAL PLAN
WHEREAS, all revenue and expenditure projections, which were made in preparing the
Fiscal Year 2009/10 Financial Plan have been reviewed; and
WHEREAS, the following mid-year adjustments to the Fiscal Year 2009/10 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 $220,584 in the Sales Tax revenue category of the General Fund;
· A decrease of $35,000 in the Charges for Service revenue category of the General Fund;
· An increase of $182,680 in the Miscellaneous revenue category of the General Fund;
· An increase of $86,740 in the Franchise Fee category of the General Fund;
· An increase of $2,200 in the Information Technology program expenditures;
. An increase of $12,680 in the Police Patrol program for contracted services
expenditures;
· An appropriation of $250,000 from the funds designated as the Operating Contingency
for the Planning program for contracted services expenditures;
· Appropriate $12,075 of CIP General Purpose Revenue funds for Capital Project
# A-458;
· Appropriate $17,380 of CIP General Purpose Revenue funds for Capital Project
# A-504; and
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 2009/10 Financial Plan.
APPROVED, by the Danville Tqwn Council at a regular meeting held on February 16, 2010,
by the following vote:
AYES:
ABSTAINED:
NOES:
ABSENT:
Doyle, Andersen, Arnerich,
None
None
None
s~~~
MAYOR
APPROVED AS TO FORM:
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