Loading...
HomeMy WebLinkAbout1990-05-30 90-197 ORDINANCE'Dare W5-30-90 Iceman. 90-197 hem/Subject:rs r ming II, Article 2, Settian 2.1 City BanSar-Finarce Dept. Responsible Department: Gty piya. Commentary: 'lhe astacbed OdLarce Sidi once agean revice tie fo®ile for calcu at � the' li er'al Duni cash eurplue. 1be foIDule eban9a axa4ilelea begroally hw thins First, it meanness the City's 0rtexprtae Foods caVssb_ly fron tte calculation. inclusion of Ue ffitterfaise farde les created cmfuelw in tie Fest. Given the size arcl sadne of theme former it is appropxiare that they be maideted on their can petits eras IS donc;fn Use City's armal geretal pur;sa e financial repot[. Ssond, the revised foumils crerlita the General inpai for Prvpe ty tam actually recafved during tba first tars mntta of. the fiscal yaot and Sot acmunta receivable 1®e alluasre for tad debt. Thesis changes slnuid sore a2vtataly reflst the actual ability of uMsignatal aaeral prod reeerves to be appropriated for see in subaaloast years. atmoe chances Sill assist the t;enieral Fwd in nakiM the $7500000 cash surplus estimate for the c®Uy fiscal }Ear. Deyam eat Head Manager's Comments: - Associated ndormatiork Ordinance; Prior Ordinance Budget Approval: N/A See above Fiwuee O'reve Legal Approval: city sotidm, Introduced For Passage - CgFint Reading Page _ of ❑Referral 90-19] Assigned to Coancilo[ Stone, May 30, 1990 ryrypp CITY OF BANGOR (TILE.) VIYrNiturtrity II aw;^]e_2 Section 2.1_a the @dlnancPa of tts City of Bsgoe - Plvance Depathoant Be ii otdahm 6y Bu atV CouaeB of Ctty o(Baayor, as (di . 13W, CMpt II, Article 2, Sectiw 2.1 Of the laws aM mduuurcee of tle City of Ba be aided by deleting paragraph 2 iA its entirety attl eplxlig It with the following:. Cond>ve the cash hales to of the tXmial Mvd with my equity fn pooled cash are lmeatoents and tames aM aaromrt r vable; detluct the cutxant liabllitisms of the tYmtal P=1 alluding any arsmhs fully budgetal fn tis mrceed ^ 's af3ltOpttation. fn ag tt , dedtnt thE rosesa a<l O£ y tle Gasxal iavd dgsignahed for a specific putpcae. A positise insult will ba a cash suxptue and a nsga w w..it x311 be a cash deficit. 90-197 ORDINANCE �In City Council May 30.1990 - ( i Arendirq Chapter ilarticle 2, lot reading iefererl to sec. 2.1 of the ordinances of the City of Hangar finance ameittee f� Depatmvtt Ci Clerk �0� � ntroi�snrei arv3 ftiei�� IN CITY COUNCIL May 30,.1990 C ucitwN Recef e¢ let reading %ef 6d [0 bee t Comittee. CITY CL IN CITY COUNCIL June 11, 1990 Passed by the following yesd jq votes. Councilors voting yes: Blanchette. Cohen. Rugland. gam Sosnaud, Stone and Sullivan. CounbAor Sar.Habsent. t CITY'CLBRR