96-119
.
CITY OF SHOREWOOD
RESOLUTION NO. 96- 119
A RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS AND
CLOSING FUND NO. 95,1989 IMPROVEMENTS AND REFUNDING AND
TRANSFERING RESIDUAL BALANCE, AND AMENDING THE
1996 BUDGET
WHEREAS, the City Council has levied for, and budgeted the transfer of monies for
capital improvements and purchases; and,
WHEREAS, the debt serviced by Fund No. 95, 1989 Improvements and Refunding,
has been fully retired; and,
WHEREAS, certain expenditures were authorized for the procurement of computer
software shich were not included in the original 1996 Budget.
THEREFORE, BE IT RESOLVED by the City Council of Shorewood that the
following amounts are hereby authorized to be transferred between the following funds:
TRANSFER FROM
Street Reconstruction Fund
Street Reconstruction Fund
Sanitary Sewer Fund
Public Facilities Fund Park
TRANSFER TO
Water Fund
Trail Fund
Water Fund
Trail Fund
AMOUNT
$206,350
9,500
3,800
15,000
$234,650
BE IT FURTHER RESOLVED that the residual balance of Fund No. 95, 1989
Improvements and Refunding, be distributed to the following funds in the following amounts:
.
FUND
49""'="Senior Community Center
63 - Stormwater Management
91 - 1993 Improvements
97 - Shady Hills Drainage
AMOUNT
$49,500
$100,000
10,000
1,450
will all remaining residual balance distributed to Fund No. 40, Public Facilities and
Equipment Fund.
BE IT FURTHER RESOLVED that the following budget amendments are hereby
authorized and approved:
ACCOUNT
Capital Outlay - Engineering
Contingency
Net change in 1996 Budget
AMOUNT
$3,225
(3,225)
-0-
ADOPTED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD this 16th day
of December, 1996.
A rrfo/:
I
\
KJ~~8-tiecl,t--.
Robert B. Bean, Mayor
.