HomeMy WebLinkAbout1998-04-27 98-189 RESOLVE—.__—COUNCILACTION- _—.— ___
Item No._ge_tgq—
Date: 0.27498
Item/Subject: RESOLVE, Making an Appropriation of Certain Unanticipated Revenues to the
General Fund's Improvement Raservs -FERC Performance Credits and Motor Truck and
Transport Settlement
Responsible Department: City Manager
Commentary:
During this fiscal year, the City hes received certain unanticipated neonates from the settlement of the
Motor Trua and Transport excise case and performance credits received from the PERC plant. It has
been our normal practice to designate our PERC performance credits to the General Funds Improvement
Reserve. This year, the rebate will be in the moment of $171,728.46.
In addition, the Motor Truck Case resulted in the City receiving $106,611.07 in excise fees from prior
years I would recommend that them funds also be appropriated m the improvement Reserve.
On an annual basis, the Improvement Reserve is used to purchase capital items and undertake major
maintmmnce projects on Cityfacilities. By using this reserve, these items can be funded without the need
to raise additional tax dollam. The proposed FY99 budget recommendations on capital purchases and
major maintenance is predicated on the availability of these funds.
r
Maoager'e Cammenb: I Millal�(��usf°a`�
City Manager
Associated Information;
Resolve
Budget Approval
AW Finance Director
Legal Approval:
City 80 t
Introduced for
,__Passage
x First Reading Page— of—
x Referral to Finance Committee, 54-98 at 5 pm
Assigned to Councilor Baldacci April 27, 1998
CITY OF BANGOR
(TITLE)QSpIt1Qt.._h!.@.RII!&aR Appropriation of Certa.In U�anUe<pated Revenueetothe
General Fund's Improvement Reserve-PERC Performance Credits and Motor Truck and
By Go Cup Com eil of Bu City ofBanpar:
B LVED,
the Motor Track and Transport settlement in the amount of
$106,61 L09 and the PERC performmse rebate in the amount of $171,728.46 are hereby
appropriated to the General Fund's Improvement Reserve.
IN CITY COUNCIL
April 27, 1998
First Reading
Referred to Finance Committee
CI LEEK I
IN CITY
COUNCIL
May ll,
1998
Passed
CIYY
RK
98-189
E E S 0 L V E
Making an Appropriation of Certain
Unanticipated Revenues to the Gen-
eral Fund's Improvement Reserve -
PERC Perfoe a Credits and Motor
Truck d Tianapo[C Ee[t
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