HomeMy WebLinkAboutItem 6.4 Rev Sharing Appropriation Amendment loom*
CITY OF DUBLIN 330-/70
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: June 23, 1986
SUBJECT PUBLIC HEARIPIG: Revenue Sharing Appropriation
Amendment
EXHIBITS ATTACHED Resolution
RECOMMENDATION 1 ) Open Public Hearing
2 ) Receive Staff Report
3 ) Obtain Public Testimony
4 ) Close Public Hearing and Deliberate
5) Adopt Resolution
FINANCIAL STATEMENT: Unappropriated Revenue Sharing Funds Total $17, 021
DESCRIPTION At a public hearing on June 25, 1986, the City Council
authorized the appropriation of $275, 260 in Revenue Sharing Funds for the
1985-86 Fiscal Year . The funds were authorized for Police Services
expenditures .
Federal law requires recipient agencies to conduct a public hearing to
appropriate Revenue Sharing Funds . The 1985-86 hearing was conducted based
on the preliminary 1985-86 budget. During the year, changes have occurred
in the funding . level of the Revenue Sharing Program compared to the estimate
used in the 1985-86 budget. Also, interest earnings on the 1984-85 reserves
have been calculated and accrued to the Revenue Sharing Fund.
Staff anticipates that a total of $292, 281 of Revenue Sharing Funds will be
available for expenditure during the 1985-86 Fiscal Year. This will exceed
the Adopted 1985-86 Revenue Sharing Appropriation by $17, 021 . In order to
provide continuity with earlier appropriations, Staff recommends that the
additional appropriation be utilized to fund Police Services expenditures .
Staff recommends that the City Council conduct a public hearing and adopt
the Resolution amending the 1985-86 Revenue Sharing Budget.
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COPIES TO:
ITEM NO.
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RESOLUTION N0. - 86
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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AMENDING THE 1985-86
REVENUE SHARING BUDGET
WHEREAS, on June 25, 1985, the City Council of the City
of Dublin conducted a public hearing on the appropriation of
Revenue Sharing funds for Fiscal Year 1985-86; and
WHEREAS, the appropriation was approved in the amount of
$275, 260; and
WHEREAS, the use of the Revenue Sharing Funds was
authorized for Police Services expenditures ; and
WHEREAS, the City of Dublin anticipates an additional
$17, 021 in Revenue Sharing Funds .to be available during Fiscal
Year 1985-86 ; and
WHEREAS, the City Council conducted a public hearing on
June 23, 1986 to consider an amendment to the Adopted 1985-86
Revenue Sharing Budget .
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Dublin does hereby appropriate an additional $17, 021
in Revenue Sharing Funds for the 1985-86 Fiscal Year.
BE IT FURTHER RESOLVED that this additional appropria-
tion shall be authorized for Police Services expenditures .
PASSED, APPROVED AND ADOPTED this 23rd day of June,
1986 .
AYES :
NOES :
ABSENT:
P-'l ayor
ATTEST:
City Clerk