HomeMy WebLinkAbout1991-07-08 91-281 RESOLVE91-281
Mripad to Couacdor Cohen, July 8, 1991
CITY OF BANGOR
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QITLE.) Direct n9 the FLa(ILB ni:ecr m re is..rne Lean stapt„e/
Deficit Provisioro of the city Matter ab Cada of (ptliturePB and to taac®oatl
A} riate c1angee and ii�viadona for cou cul rnu.<.�. On
By W City Coaaii oft City of aa. .
ORDERED,
TUT
, Me City Chats requires an antral estivate of the genial fund cash
surplus or cash deficit and for the of this estimate as
an e3�tt of the Subsequent years' ga civ tad budget:
id�BEAR, The curxaut def=timn of Up cash surplus/deficit does not cot e
with erg' gaerally reeo9eu acorn ring eaysre of the gaaoal f ,s
ovaall financial status: and
tumaa5, Tla Uty's Past laactice of carrying forwaid Hie estiated cash surploe
into the subseguant. year's Operating budget as a rmenue is, yn effect,
ao appropriation of the city's m lesiwu fwd balance; and
[diDtEel9, 1Sudent financial va agmen raluires'that t city develop and
maantain an adequate level of uxksfgnatad ga atal fmd palace far..
cash Elan and pry icgaaes; and
tamu+.U", -'hie current cash surpius/deEdcit p isdont and praedtome do not
address the city's••: • for an adaq aw gavel of gem fuN
u decimated balance:
19C�i: 'her M aT = = QAPCII. O = CITY OF SANMR, TIAT
the Fdtanx Dizector is Lasby directed to present appropriate language
for a Chary s ant to be cesidaal by the City Caucll for
possible refewnL® vote at City ela2imn. This
laguage shall r refaomncas to a cash surplus or deficit as a
ddgetaiy iten frac Hie prune. anc for fut namicipal hdgats. the
Fhwce � stall also suggest lag a to tte Council for
establdsh®nt of an apps yriate levet of uMesigtatad gaatsl fad
mlaree and the ctraastanrea un$r which such uMeaignated genal
fund balance may be usai to sup ort the annual operatrng h*ot.
IR CITY COUNCIL
July 8, 1991
Suspension of the Rules Passed.
Regi_ol_Y Passed.
CITY R2
91-381
Directing the Flmnce Director to Review thk Cash
Surplus/Deficit Provisions of the City Charorand
Code of Ordinances and [o Recommend Approp[ to
Changes and Revislove fox Council Considers ion