HomeMy WebLinkAbout09-12-16 CC Mtg - A2. Resolution 4710
Commission Memorandum
REPORT TO: Honorable Mayor and City Commission
FROM: Anna Rosenberry, Administrative Services Director
SUBJECT: Commission Resolution No. 4710 – Amending the City’s Annual Budget
to Include Items to be Funded with Property Tax Revenues that exceed our
Budgeted Property Tax Estimates.
MEETING DATE: September 12, 2016
AGENDA ITEM: Action
RECOMMENDATION: Make any amendments the Commission deems appropriate.
BACKGROUND: This Resolution is linked to the outcome and passage of Resolution No.
4709 - Setting Mill Levies for Fiscal Year 2016-2017 (FY17). If the passage of Resolution No.
4709 results in more property tax revenue being received than was included in the Approved
Budget, this hearing and resolution allow the Commission to appropriate those dollars for
projects or other items.
***If Resolution No. 4709 is passed as Recommended or the tax levy is further reduced,
this hearing and resolution will not be used.
FISCAL EFFECTS: This resolution will amend the current budget. The fiscal effects of
property taxes imposed is described in detail in the Commission Memorandum for Resolution
No. 4709.
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ALTERNATIVES: None at this time.
Attachment: Resolution 4710
Report compiled on September 1, 2016
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COMMISSION RESOLUTION NO. 4710
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
BOZEMAN, MONTANA, AMENDING THE CITY’S ANNUAL BUDGET TO
INCLUDE ITEMS TO BE FUNDED WITH PROPERTY TAX REVENUES
THAT EXCEED OUR BUDGETED PROPERTY TAX ESTIMATES FOR THE FISCAL YEAR ENDING JUNE 30, 2017.
WHEREAS, the City Commission did, on the 20th day of June, 2016, after due and proper legal
notice, conduct a public hearing and adopt a municipal budget for Fiscal Year 2016-2017 (Fiscal Year
2017); and
WHEREAS, the City has now received Certified Taxable Values from the State of Montana
that allow for the imposition of tax revenues exceeding the amounts in the adopted budget; and
WHEREAS, the City Commission did, on the 12th day of September, 2016, after due and proper
legal notice, conduct a public hearing on proposed amending the municipal budget.
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman,
Montana, to wit:
Section 1 – Appropriation Additions
The City Commission of the City of Bozeman, Montana, does hereby authorize additional
expenditures in the Library Depreciation Reserve Fund:
(List here, description) (Amount)
Total Additional Appropriations (Total)
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Section 2 – Revenue Additions
The increased appropriation will be funding tax revenues imposed and collected that exceed the amounts estimated in the Approved Budget.
General Fund, Property Taxes (Amount)
Total Revenue Additions (Total)
Section 3
Pursuant to Section 7-6-4030, M.C.A., this resolution, upon its passage, shall be in full force and effect on July 1, 2016.
Section 4
That should it be found by any court of competent jurisdiction that any section, clause, portion,
sentence, word, or phrase of this resolution is deemed to be contrary to any existing law or regulations, that in this instance, it is the intent of the City Commission of the City of Bozeman, Montana, that all other portions, sections, words, clauses, phrases, or paragraphs of this document shall remain in full force
and effect.
PASSED AND APPROVED by the City Commission of the City of Bozeman, Montana, at a
regular session thereof held on the 12th day of September, 2016.
________________________________________
CARSON TAYLOR
Mayor
ATTEST:
_____________________________________
ROBIN CROUGH City Clerk
APPROVED AS TO FORM:
________________________________________
GREG SULLIVAN
City Attorney
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