Agenda Packets - 1986/04/28 - Laserfiche WebLink

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r TO: Mayor and Council 1 FROM: Finance Director -Treasurer Braqer DATF.e April 23, 1986 PEI A RESOLUTION RESCINDING APPROVAL OF THE CONTINGENCY PLAN FOR REDUCTION OF 1986 STATE AIDS AND APPROVING VARIOUS BUDGET TRANSFERS. The Clerk -Administrator, in a memorandum dated April 9, 1986, recommended that various 1986 budgeted items, which were "frozen" when the Contingency Plan for reduction of 1986 State Aids was adopted on February 24, 1986, he "unfrozen" or restored to the 1986 Budget. I have prepared a resolution which would rescind the Contingency Plan, restore those items listed in the Clerk -Administrator's memorandum of April 9, 1986, and transfer to the Continqency Account those items which the Clerk -Administrator recommended not he restored to 1986 departmental budgets. The first part of the resolution restores items to the 1986 Budget. These are the items which were listed in the Clerk -Administrator's memorandum of April 9, 1986 with the exception of $12,000 of equipment in the Police Department ! Budget. That money was for the purchase of Police squad cars 1 which were approved prior to the adoption of the Contingency Plan and therefore were not included in the Contingency Plan which you approved. The second part of the resolution transfers from departmental budgets to the Contingency Accounts those items which were contained in the Contingency Plan that the Clerk -Administrator recommended not be restored to the 1986 Budqet in his memorandum of April 9, 1986. Those transfers will increase the amount of the Continqency Account by $28,597. At the time the 1986 Budget was adopted the future of the Revenue Sharing Program was uncertain and staff could not determine whether Revenue Sharing monies would be received in 1986. As a consequence of this uncertainty the necessary Revenue Sharing publications were made and a Revenue Sharing Budget was adopted. That Budqet authorized that Revenue Sharing monies be used to offset the costs of 1986 fire protection services. Additionally the full amount of estimated 19d6 fire protection services were budgeted in the General Fund in order that sufficient funds be on hand to pay for fire protection services in the event that Revenue Sharing monies were not received in 1986. Staff has been advised by the Office of Revenue Sharing that the City will be receiving Revenue Shaciny m.niien ;n ,986 in the amount budgeted.