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File #: 55531    Version: Name: $14,130 in funds remaining from a 2018 Madison Community Foundation grant
Type: Resolution Status: Passed
File created: 4/24/2019 In control: Department of Planning and Community and Economic Development
On agenda: 5/14/2019 Final action: 5/14/2019
Enactment date: 5/17/2019 Enactment #: RES-19-00380
Title: SUBSTITUTE - Amending the 2019 Adopted Operating budget for the Planning Division - Neighborhood Planning and Preservation, to expend up to $14,130 in funds remaining from a 2018 Madison Community Foundation grant to support renovations to an art studio space in Thurber Park in the Town of Blooming Grove and to support the Phoenix from the Ashes Project to transfer $14,130 from the City’s Contingent Reserve to the Planning Division’s purchased services to support renovations to an art studio space in Thurber Park in the Town of Blooming Grove and to support the Phoenix from the Ashes art project.
Sponsors: Sheri Carter, Marsha A. Rummel
Attachments: 1. 55531 v1.pdf
Fiscal Note
The proposed resolution authorizes the transfer for $14,130 from the Contingent Reserve direct appropriation to the Planning Division’s budget to support two art projects that received funding from the Madison Community Foundation (MCF) and started in 2018. The $14,130 is the remaining revenue and expense authority that was unencumbered at the close of fiscal year 2018, resulting in the revenue and expense authority not carrying forward into 2019 in order to complete the art projects. Transferring budget authority from the budgeted Contingent Reserve, rather than General Fund balance, will not affect the limits under Expenditure Restraint Program. If adopted, the remaining balance of the Contingent Reserve will be $1,495,620.
Title
SUBSTITUTE - Amending the 2019 Adopted Operating budget for the Planning Division - Neighborhood Planning and Preservation, to expend up to $14,130 in funds remaining from a 2018 Madison Community Foundation grant to support renovations to an art studio space in Thurber Park in the Town of Blooming Grove and to support the Phoenix from the Ashes Project to transfer $14,130 from the City’s Contingent Reserve to the Planning Division’s purchased services to support renovations to an art studio space in Thurber Park in the Town of Blooming Grove and to support the Phoenix from the Ashes art project.
Body
WHEREAS, the Common Council approved the acceptance of $12,000 in grant funding for the Thurber Park Artist in Residence project from the Madison Community Foundation (MCF) on May 21, 2018 (Resolution No. 51475, RES-18-00399); and,

WHEREAS, the Common Council approved the acceptance of $20,000 in grant funding for the project Phoenix from the Ashes from the MCF on April 15, 2018 (Resolution No. 51382, RES-18-00391); and,

WHEREAS, the Common Council approved authorizing the Planning Division Director to use $3,000 of the Madison Community Foundation grant to offset expenses of an intern who will help administer the project...

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