HomeMy WebLinkAbout1985-06-10 85-220 ORDINANCEe5-220
Beit ordain! by Be City CwaHl of the CiW 0Burma, ae fWavw:
— THAT the provisions Of ChapterII, Article 2, Section 2.1 are
amended as follows:
ARTICLE 2 - FINANCE DEPARTMENT
Sec. 2.1 Charter Responsibilities. The Finance Director shall
perform such duties and'.a me
responsibilities a are imposed on the Finance' Director
by virtue of the provisions of the City Charter of the
City of Bangor. In the performance of such duties, the
Finance Director shall make .the following calculation
from the annual audit report to determine the existence
of a General Fund Cash Surplus or General Fund Cash
Deficit. - ..
Combine the cash balances of the General Fund and Enter-
prise Funds; deduct the current liabilities of each of
the above referenced funds (including Encumbrances and
current portion of Enterprise Funds long-term debt),
but excluding any amounts due betweenfunds rand/or Its-
1
not require a out)aV of Lash i
Their entlxety in the c mina Year. In addition, deduct the
reserves or the General Fund designated for a specific
purpose, excluding non-cash related amounts. A positive
result will be a ash surplus and a negative result will
be a cash deficit•
Statement of Fact: Additions are underlined
Introduced
by Councilor McCarthy, June 10, 1985
CITY
OF
BANGOR
(TITLE)
VVr411iS=e, Amending chapter 11,_Article
2, Sept On 2.1 of
,the
c ty o€ BangorFhn„ance
Deeartment_..
Beit ordain! by Be City CwaHl of the CiW 0Burma, ae fWavw:
— THAT the provisions Of ChapterII, Article 2, Section 2.1 are
amended as follows:
ARTICLE 2 - FINANCE DEPARTMENT
Sec. 2.1 Charter Responsibilities. The Finance Director shall
perform such duties and'.a me
responsibilities a are imposed on the Finance' Director
by virtue of the provisions of the City Charter of the
City of Bangor. In the performance of such duties, the
Finance Director shall make .the following calculation
from the annual audit report to determine the existence
of a General Fund Cash Surplus or General Fund Cash
Deficit. - ..
Combine the cash balances of the General Fund and Enter-
prise Funds; deduct the current liabilities of each of
the above referenced funds (including Encumbrances and
current portion of Enterprise Funds long-term debt),
but excluding any amounts due betweenfunds rand/or Its-
1
not require a out)aV of Lash i
Their entlxety in the c mina Year. In addition, deduct the
reserves or the General Fund designated for a specific
purpose, excluding non-cash related amounts. A positive
result will be a ash surplus and a negative result will
be a cash deficit•
Statement of Fact: Additions are underlined
85-220
ORDINANCE
AreMiag Chapter II, Article 2,
IN CITY COUNCIL
June 10, 1955
and any relevant CoxvuIttee
Cc der next m ing
Irt[ro8xp1 a riled W
IN CITY COUNCIL
Tine 24, 1985
Wi wn
CITY