HomeMy WebLinkAboutResolution 96-37 09/16/1996
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CITY OF SPRINGFIELD
RESOLUTION NO. 96-37
A RESOLUTION RECOGNIZING AND APPROPRIATING PROCEEDS IN THE
GENERAL FUND, THE STREET FUND, THE BANCROFT REDEMPTION FUND, THESDC
PROJECTS FUND AND THE DEVELOPMENT ASSESSMENTS FUND.
WHEREAS, the 1996-97 fiscal year appropriations for the City of Springfield were made by
Resolution No. 96-25 dated June 17, 1996; and
WHEREAS, the estimated expenditures contained in the supplemental budget for fiscal year
1996-97 result in an amount of estimated total expenditures by the City for the fiscal year that differs
by more than 10 percent of any individual fund; and
WHEREAS, notice of such meeting including information regarding such revenues and
expenditures was published in a newspaper of general circulation not less than 14 days prior to the
public hearing; and
WHEREAS, proceeds from the General Fund, the Street Fund, the Bancroft Redemption Fund,
the SDC Projects Fund, and the Development Assessments Fund need to be recognized and
appropriated; and
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of
Springfield as follows:
Section 1. The recognition and appropriation of proceeds in the General Fund, the Street
Fund, the Bancroft Redemption Fund, the SDC Projects Fund, and the Development Assessments Fund
as follows:
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Resolution No. 96-37
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STREET FUND STREET FUND
Beginning Cash $ 7,433 Community Development Program:
Special Payments $ 7,433
Total Community Development $ 7,433
Total Street Fund $ 7,433 Total Street Fund $ 7,433
BANCROFT REDEMPTION BANCROFT REDEMPTION
FUND FUND
Beginning Cash $ 125,000 Debt Service Program:
Interfund Transfer $ 125,000
Total Debt Service $ 125,000
Total Bancroft Redemption Fund $ 125,000 Total Bancroft Redemption Fund $ 125,000
.. SDC PROJECTS FUND SDC PROJECTS FUND
$
Beginning Cash 796,923 Community Development Program:
Special Payments $ 796,923
Total Community Development $ 796,923
Total SDC Projects Fund $ 796,923 Total SDC Projects Fund $ 796,923
DEVELOPMENT ASSESSMENTS DEVELOPMENT ASSESSMENTS
FUND FUND
Pre-bond Assessments $ 125,000 Community Development Program:
Special Payments $ 125,000
Total Community Development $ 125,000
Total Development Assessments $ 125,000 Total Development Assessments $ 125,000
Fund Fund
Total Revenue.
$ 1,087,666 Total Appropriation
$ 1,087,666
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ADOPTED by the Common Council of the City of Springfield this 16th day of September, 1996.
Adopted by a vote of 6
for and
ATTEST:
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