HomeMy WebLinkAbout1991-08-26 91-328 ORDERDate N_26a91 coon _ - - hem No. 91-328
Imentsublect: 0101R, s� tlse AaeeaLes[ of the a
Bxpr City
Responsible Department: ylbresisce D{rv..lamtt
Commentary:
Color the Paget asreral. years, there las heal fre9uent discussion of the Charter
Provdaion whirls regarrse the comitleation of a cash s explus; or cash tlBficit as a
part of thiel an ael budget process. owing ttie last budget prcoasa, this itae es
dtemnssel again and tore Ocasil inxlicated a dealre to mieitler a change to Ue
Cfty's Charter to eliminate rafereaxs to the cash conspires; or deficit ad to insmt
lar laazle which would rebate see directly to current stmdaxd aecmmtdrg prectices.
As you are mare• t:e cash surplus or cash deficit Mt tart on cvzxmtly requires
the City to operate on a finis other than current experclitures equal current
A review of the history of the calash an¢plus revaals that it has varlai
drssetically fine }ass to year and over telae. 1n aiditbn, tte remsireal Uat mry
real surplae bs L utlsci in the subsequent year's budget say have, the effect of
Axing the city's undesignated fund tedanre below toe level felt prudent by the
Coupon and by firarin a and bond adviaoxa.
THse attached Charter Ngadrent mould delafe to the cash surplus or cash
rgf5cit and rePlaca Uwm w th language targeting Use rkvelopgent of vlesigramd
fund halmce for the Consul Pad of beteelan 58 mai 10% of Ue prior cal yeaffi'
Gaerel Pad enpeditnires lees dint service. (wnt'd on rest pays)
mto Car Hasa
Manager's Commmts;
�R 6ilY Mooagn
Associated Information:
Attached Order
Budget Approval:
eeO;mno,
Legal Approval: IlBalnf vv ltc r^vt"'j• f{v. n A
Gaeneil will aenrd 4 •/Otf.< an skin e+rzeft� 1 Uu2'
oaf /%r a,aafowi .f /aul o tot rvjV1Ar /�Ss carsacmrr.
m#'nlri l ele /ea MNeF.�Vn r 8 h mos oo' 0'de mra/• be Meas/
l V5
Introduced For
Passage
❑ First Reading Page _ of —
� Referral _
dia concept of na ignat ci fiuM belarirn has baaa fairly sten r in too world of
�lpsl finmm» a is often ured as a boob v k by which arelyets establish Uo
finaroisl stales of a aadcipal By changing t fans of the CharYsr
f a cash surplus or cash deficit to the oarapt of an atleaigreted fuml balenre,
the City will be c®by into lire with stamc N £Landon Practice.
dqa attached tIl�r which ptwides for a CiavYer .1m t also calls for natice of a
public tarring to be held an this proposed CFarter Pmurhnai2. ' io g is
sntcduled for septamber 11, 1991 as a part of too regularly scleoID Wnacil
maetbg. This will allay the City Coaoii to take testi w from any interested
parties on this prep s change. If the Gamin does wish to Porsue toils change, it
will reed to t payed to act at its, sept dor 11N meeting in orcer in ieaura
that tba hrl lots am Printed in a tvis1Y fasM1ion.
91-328
A eipedto Couvcdw Cohen, August 26, 1991
CITY OF BANGOR
P,nolal. . for the ]YretrLient of the Be:uJu . city
BY the City Cv of MY alBaapve:
ORDERED,
THAT the Rangar City ca:nc 1, by adoption of this (h g does twu y
detennvie antl drelaze that the to the Ba City Cliertae
should he cmeide i; area
m IT 'HNT the City Clerk is hereby authorized aM
dixs:tal, guvuant w 30h R.R.S.A. 59 2204 et seq., w moxvlad, w provide for
notice Of a hearing to be held on Sept 11, 1991, l the City Coi u Climobeta,
for putpwss of CXX]S ering tic ptopoaal msaruhoa2 w the SHntyr City (Terser, the
tet of said iuopo aamm®R and a brief evplanaLton tMleof bevg w follare;
BE w FIYiDffiR , 'HNT Article W, Set+:.... 4, S:wxtion (c) of the
City iia Yer of the City of Bangor is ani Co ra':d w follows:
(c) she ame:al budget shall canavu (1) an �to of all revelote
receipts a:RicipaTed fz® soun other than the tau levy foc the enua
of the sum te4ri to
'; aM h64 (5) abal vca
Rife: Oeleta,..,e 8l -eut: additions �lir i.
IN CITY COUNCIL
August 26, 1991
Received let reading
Referred for Pabllc HeaxLng.
cite/Clark
IN CITY COUNCIL
September 11, 1991
Passed
,
I CLBRK
91-328
ORDER
Title,
Providingfou the Amendment of th Bangou
.....n ......a ..
City Cb rtes - Budget
...................................... ..
Assigned to
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Councilman
CITY OF BANAMON
PUBLIC HEARING
SEPTEMBER III HE
CITY COUNCIL CHAMBERS
THIRD FLOOR, CITY HALL
7." PIM.
MISS