HomeMy WebLinkAbout014-2011RESOLUTION NO. 14-2011
ACCEPTING THE MID -YEAR FINANCIAL REPORT AND
APPROVING THE MID -YEAR ADJUSTMENTS TO THE
FISCAL YEAR 2010/11 FINANCIAL PLAN
WHEREAS, all revenue and expenditure projections, which were made in preparing
the Fiscal Year 2010/11 Financial Plan, have been reviewed; and
WHEREAS, the following mid -year adjustments to the Fiscal Year 2010/11 Financial
Plan are recommended to reflect changes in revenues, reflect increased expenditure
needs and continue balancing expenditures with available revenues and reserves:
• An increase of $31,639 in the MVL Triple Flip portion of Property Tax revenues
in the General Fund;
• An increase of $160,500 in the Insurance Rebate Miscellaneous, revenue category
of the General Fund;
• An increase of $122,270 in the Reimbursement Miscellaneous revenue category of
the General Fund;
• An increase of $50,000 in the Permit /Plan Check Fee revenue category of the
Building and Planning Fund;
• An increase of $9,250 in the Asset Seizure Fund;
• A reappropriation of $66,000 of previously appropriated but unspent SLESF
funds from FY 2009/10, for the purchase of two police vehicles;
• An appropriation of $74,000 of Asset Replacement funds for the purchase of two
police vehicles, to be ordered in FY 2010/11 for FY 2011/12, said funds to be
reimbursed from the SLESF fund in FY 2011/12 contingent upon receipt of FY
2011/12 SLESF funds.
• An appropriation of $50,000 for increased Building Plan Check Contracted
Services expenditures from the Building and Planning Special Revenue Fund;
• An appropriation of $9,250 for additional equipment expenditure_ s from the
Asset Seizure Police Special Revenue Fund.
WHEREAS, sufficient funding is available in the Towns funds; now, therefore, be it
RESOLVED, that the Danville Town Council approves the mid -year adjustments to the
Fiscal Year 2010/11 Financial Plan.
APPROVED, by the Danville Town Council at a regular meeting held on February 15,
2011, by the following vote:
AYES: Stepper, Andersen, Arnerich, Doyle, Storer
NOES: None
ABSTAINED: None
ABSENT: None
APPROVED AS TO FORM:
TTEST:
CITY ATTORNEY CITY CL
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