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HomeMy WebLinkAbout11 03 08_Adopt Resolution No_ 4135, Amending Commission Resolution No. 4121 Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Anna Rosenberry, Finance Director Chris Kukulski, City Manager SUBJECT: Resolution No. 4135, Amending Commission Resolution No. 4121 Appropriation Resolution for Fiscal Year 2008-2009, By Transferring Cash and Appropriation Authority for Bogert Bandshell Improvements. MEETING DATE: November 3, 2008 RECOMMENDATION: Approve transfer of $69,500 in cash and appropriation authority for Bogert Bandshell. BACKGROUND: The City’s FY08 Budget included $69,500 in General Fund (Parks Division) appropriation authority for improvements to the Bogert Bandshell. This money was not spent in FY08, and was carried-over into Fiscal Year 2009. After a public hearing regarding improvements to the Bogert Bandshell, the Commission expressed interest in moving $69,500 out of the General Fund and into a special revenue fund specifically for Bogert Bandshell. This would more easily segregate the funding for this project and allow for more distinct tracking of any additional donations and project spending. Although this transfer does not change the total appropriations for the year, it does create a new special revenue fund and transfer cash and spending authority out of the General Fund. The 49 money will be separately tracked, from year-to-year if not spent in FY09, in a Special Revenue Fund. FISCAL EFFECTS: No net fiscal effect. As a result of this transfer, General Fund cash and appropriations will decrease, and Special Revenue Fund cash and appropriations will increase by $69,500. ALTERNATIVES: As suggested by the City Commission. Respectfully submitted, Anna Rosenberry, Finance Director Chris Kukulski, City Manager Report compiled on: October 29, 2008 Attached Documents: Resolution No. 4135 50 - 1 - COMMISSION RESOLUTION NO. 4135 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA, AMENDING COMMISSION RESOLUTION NO. 4121 APPROPRIATION RESOLUTION FOR FISAL YEAR 2008-2009, BY TRANSFERRING CASH AND APPROPRIATION AUTHORITY FOR BOGERT BANDSHELL IMPROVEMENTS. WHEREAS, Fiscal Year 2008 Appropriation Resolution included $69,500.00 of General Fund dollars for capital improvements to the Bogert Bandshell. WHEREAS, the Appropriation Resolution No. 4121 for Fiscal Year 2009 authorizes and re- appropriates the unexpended balance of Capital Improvement Program items previously budgeted which have not been completed, and WHEREAS, improvements to Bogert Bandshell were not completed in Fiscal Year 2008 and have been re-appropriated to Fiscal Year 2009, and WHEREAS, the Commission wishes to transfer this money from the General Fund to a separate special revenue fund, for spending in the current or future fiscal years, NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman, Montana, to wit: Section 1 The City Commission of the City of Bozeman, Montana, does hereby authorize and appropriate transfers of cash and appropriation authority for the budget units and purposes set forth below, in the amounts designated herein, as follows. Transfer Total/Fund Transfer cash and appropriation authority from General Fund To the Bogert Bandshell Special Revenue Fund $69,500.00 51 - 2 - Section 2 This amendment shall not add to the budget authority adopted in Commission Resolution No. 4121. This amendment moves budget authority from the General Fund to a Special Revenue Fund. 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, 2008. 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 ADOPTED by the City Commission of the City of Bozeman, Montana, at a regular session thereof held on the 3rd day of November, 2008. __________________________________________ KAAREN JACOBSON Mayor ATTEST: _____________________________________ STACY ULMEN City Clerk APPROVED AS TO FORM: ___________________________________ TIM COOPER Assistant City Attorney 52