HomeMy WebLinkAbout019-2015RESOLUTION NO. 19-2015
ACCEPTING THE MID -YEAR FINANCIAL REPORT AND APPROVING THE
MID -YEAR ADJUSTMENTS TO THE FISCAL YEAR 2014/15 OPERATING
BUDGET AND CAPITAL IMPROVEMENT PROGRAM
WHEREAS, all revenue and expenditure projections, which were made in preparing
the Fiscal Year 2014/15 Operating Budget, have been reviewed; and
WHEREAS, the following mid -year adjustments to the Fiscal Year 2014/15 Operating
Budget and Capital Improvement Program are recommended to reflect increased
expenditure needs:
• Reclassify the position of Finance Director/ Treasurer to the position of Finance
Manager/ Treasurer, and re -set the salary range for the position from $9,161 -
$12,172 to $7,252 - $9,934;
• An appropriation of $75,000 from Capital Improvement Program General
Purpose Fund to fund new CIP project C-592 - Rose Street Parking Facility; and
• An appropriation of $75,000 from Capital Improvement Program General
Purpose Fund to fund new CIP project C-593 - Front Street Slide Repair.
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 2014/15 Operating Budget and Capital Improvement Program.
APPROVED, by the Danville Town Council at a regular meeting held on February 17,
2015, by the following vote:
AYES: Doyle, Stepper, Arnerich, Morgan, Storer
NOES: None
ABSTAINED: None
ABSENT: None
4AYOR
APPROVED AS TO FORM: ATTEST:
Ia
CITY ATTORNEY CITY CLERK