Madison, WI Header
File #: 02472    Version: Name: Unbudgeted Expenditures
Type: Resolution Status: Passed
File created: 11/18/2005 In control: BOARD OF ESTIMATES (ended 4/2017)
On agenda: 12/13/2005 Final action: 12/13/2005
Enactment date: 12/19/2005 Enactment #: RES-05-00987
Title: AMENDED SUBSTITUTE - Appropriating $175,000 $426,100 from the Contingent Reserve, appropriating $1,367,000 from the General Fund Balance and transferring within agency budgets to cover various unbudgeted departmental expenditures during 2005.
Sponsors: Kenneth Golden
Attachments: 1. 02472 amendment.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsWatch
12/13/20051 COMMON COUNCIL AdoptFail Action details Meeting details Not available
12/13/20052 Finance Dept/Approval Group Approved Fiscal Note By The Comptroller's Office  Action details Meeting details Not available
12/13/20052 COMMON COUNCIL AdoptFail Action details Meeting details Not available
12/13/20053 COMMON COUNCIL Adopt With Amendment(s)Fail Action details Meeting details Not available
12/13/20054 COMMON COUNCIL Adopt With Amendment(s)Pass Action details Meeting details Not available
12/5/20051 BOARD OF ESTIMATES (ended 4/2017) RECOMMEND TO COUNCIL WITH THE FOLLOWING RECOMMENDATIONS - REPORT OF OFFICERFail Action details Meeting details Not available
12/5/20051 BOARD OF ESTIMATES (ended 4/2017) RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICERPass Action details Meeting details Not available
11/29/20051 COMMON COUNCIL Refer  Action details Meeting details Not available
11/21/20051 Comptroller's Office Fiscal Note Required / Approval  Action details Meeting details Not available
11/21/20051 Finance Dept/Approval Group Approved Fiscal Note By The Comptroller's Office  Action details Meeting details Not available
11/21/20051 Comptroller's Office Referred for Introduction  Action details Meeting details Not available
Fiscal Note
This resolution provides funding authorization for a variety of expenditures not anticipated in the 2005 Operating Budget. An unexpended balance of $799,727 currently remains in the Contingent Reserve. An appropriation of $175,000 $426,100 from that source Contingent Reserve will leave a sufficient balance to fund remaining anticipated 2004-2005 labor agreement settlements and a $200,000 but no transfer to the Affordable Housing Trust Fund. There is no impact on the tax levy.

The appropriation of $1,367,000 from the General Fund balance brings the 2005 General Fund budget to the expenditure limit allowable under the State of Wisconsin's Expenditure Restraint Program. There is no impact on the tax levy. It is anticipated that, following this transfer, the unreserved, undesignated General Fund balance will remain at approximately 13% of budgeted expenditures, below the established target of 15%.
Title
AMENDED SUBSTITUTE - Appropriating $175,000 $426,100 from the Contingent Reserve, appropriating $1,367,000 from the General Fund Balance and transferring within agency budgets to cover various unbudgeted departmental expenditures during 2005.
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PREAMBLE

As the end of the year approaches, a review of General Fund agency budgets indicates a number of areas where conditions and events during 2005 are expected to result in the overrun of major departmental expenditure categories. In some cases, offsetting savings in another major expenditure or program revenue category are also available within the same department, so that no additional appropriation is required to balance the agency's budget. In a few other cases, however, savings are not anticipated to be sufficient to offset predicted costs, resulting in a need to appropriate funds from Contingent Reserve or the General Fund balance. For 2006, such appropriations are needed in the Police, Fire and Streets agencies.

The Workers Compensation Fund is also in need of an additional app...

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