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FINANCIAL MANAGEMENT DEPARTMENT <br /> #2013-23 <br /> DATE: June 26, 2012 <br /> TO: Honorable Mayor McElroy and City Council Members <br /> FROM: Ryan P. McCrady, City Manager <br /> Gregg Zientara, City Treasurer& Director of Finance <br /> SUBJECT: AN ORDINANCE APPROPRIATING MONIES FOR THE PURPOSE OF <br /> DEFRAYING THE EXPENSES OF SEVERAL DEPARTMENTS ND FUNDS OF <br /> THE CITY OF DECATUR, ILLINOIS FOR THE FISCAL YEAR B:-'GINNING MAY <br /> 1, 2013 AND ENDING DECEMBER 31, 2013, INCLUDING ALL OUTSTANDING <br /> CLAIMS AND OBLIGATIONS, AND FIXING A TIME WHEN TH SAME SHALL <br /> TAKE EFFECT <br /> SUMMARY RECOMMENDATION: <br /> It is recommended that the City Council approve the attached Ordinance, which provides <br /> appropriation approval for the City of Decatur to spend monies providing necessary and required <br /> services to the citizens, taxpayers and stakeholders of the City of Decatur. <br /> BACKGROUND: <br /> The Ordinance attached herewith includes spending authorization for the 2013 tub period fiscal <br /> year budget previously adopted and approved by the City Council with Council passage of <br /> Resolution No. 2013-033 dated April 15, 2013, and includes additional appropriation for <br /> encumbrances in effect as of the close of the 2013 fiscal year ending April 30, 2013, and includes <br /> additional spending appropriations required to deliver services not included ii the 2013 stub <br /> period fiscal year budget. <br /> New appropriations and encumbrances include as follows: <br /> Fund Fund Name/Purpose Revenue Expense Comment <br /> 10 General <br /> Fire Pension - PILOT 211,145 211,145 Technical E djustment—cost neutral <br /> Police Pension - PILOT 209,087 209,087 Technical E djustment—cost neutral <br /> Olde Towne TIF debt service 309,594 Technical e djustment—cost neutral <br /> Debt Service—Stimulus rebate 45,000 Congressional sequestration <br /> 12 Planning <br /> Olde Towne TIF debt service (309,594) Technical E djustment—cost neutral <br /> 23 Eastgate TIF 120,000 Timing iss e—cash already available <br /> 43 2010 Bond Construction 446,527 Appropriate remaining cash <br /> 46 Motor Fuel Tax 2,226,000 Appropriate available cash <br /> 61 Equipment Replacement 75,000 Appropriate available cash <br /> Total 420,232 3,332,759 <br /> council letter[1].doc Page 1 of 2 Page 1 of 2 <br />