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HomeMy WebLinkAbout1989-03-15 89-115 ORDINANCECouncil Action Data 3/15/89 Item No. 89-115 j Item/subject: Amending cnepcea' xx Ordinances ' Raspon ible Department: Finance Commentary: Amending Chapter II of the ocdimncea allw for the exclusion of budgeted items from the computation of cash surplus/ deficit. Mf n en d 1 Witager's Commmments:—n ,Jp�p1ggc F� �C$a+. au:JN a 1 nvisee j3toam rw 40 G ' CiryMe..ger Assaiated Informa4om.4 _ Budget Approval m.n Legal Approval cirYSe miror Introduced For OPas age ED F1,31 Reading Paget' of FIReferral ,te. Furu.+a MU' Council Action Date 9/15/89 Item N0. 89-115 NJ Item/Subject; Amending Chapter II Ordinances Responsible Department: Finance Commentary: Amending Chapter II of the Ordinances computati will allow for the exclusion Of budgeted Trema from rM1e computation of cash surplus/ deficit. Deyurun H a6 himager s Comments I _ A a) R ci Ao9 Ciey MemBv Associate Information:,) Budget Approval £i e Legal Approval: City Sowifoi _ Introduced For ED Passage First Reading Page I of �] Referral ,G. �,vws.+l Cirri AMENDED 89-115 w CITY OF BANGOR (TITLE.) MrbiUMftPy nmending_ChapteZ 11, Article 2,Section 2.1 of the Ordinances of the City of Bangor - Finance Department ........... .............. ... 11 ...._. ......1..1.... _.. __..... IN 4 srdninad by W City Co l of Ow City sfBamw. asfAk a: — THAT Chapter 11, Article 2, section 2.1 of the Laws and Ordinances of the City of Bangor be amended by deleting paragraph 2 in its entirety and replacing it with the following: Combine the cash balances of the General Fund and Enterprise Funds; deduct the current liabilities of each of the above referenced funds, but excluding any amounts due between funds or those amounts fully budgeted in the succeeding year's appropriation. In addition, deduct the reserves of the General Fund designated for a specific purpose, excluding non-cash related amounts. Exclude any cash surplus resulting from the Enterprise Funds. A positive result will be ash surplus and a negative result will be a cash deficit. 89115 Assigned to Councilor Shubert, Mdmh 15, 1989 CITY OF BANGOR (TITLU (Orilinunre, Amending Chapter II, Article z section.. 2.1 of the OrdInances of the City of Bangor_-- Finance, Department Be u ordaiard by W Ctty Coansf6 of@ City of Beazer. as /shone.' That Chapter II, Article 2, Section 2.1 Of the Laws, and ordinances Of the City —Of Hanger be amended by deleting paragraph 2 in its entirety and replacing it with the following: Combine the cash balances of the General Fund and enterprise Pundep deduct the current liabilities of each of the above referenced funds, but excluding any amounts due between funds r those amounts fully budgeted In the succeeding year's appropriation. In addition, deduct the r of the General fund designated for a specific purpose,Bexcluding non-cash related e A positive result will be a cash surplus and a negative result will be a cash deficit. IN CITY COUNCIL March 15, 1989 Referred to Finance /Committee - yyJJ (1w CITY CLEAR In City CoancilJwe 26,1989 Passed as amended by substitution Amended Copy Attached Vote, for tannage 8 yes 1 Absent voting yes Blanchette,England, sawyer,sesent Snulmert ne Snl llvan Tilley Absent Shubert 89-115 ORDINANCE TITLE Amending Chapter II, Article 2 Section 2.1 of the Ordinances of the City of Bangor - Finance Oe"part�mentt mtnxtt uz Say �ff/tio hey hUY LY Councilmen