HomeMy WebLinkAbout2012-08-13 12-267 ORDERCOUNCIL ACTION
Item No. 12-267
Date: August 13, 2012
Item/Subject: ORDER, Referring an Order Entitled "Proposing an Amendment to the Bangor
City Charter, Article VIII, Section 16, Business and Financial Provisions, Undesignated
Fund Balance on the November 6, 2012 Municipal Ballot" for a Public Hearing.
Responsible Department: Legal
Commentary:
This Order refers an Order entitled "Proposing an Amendment to the Bangor City Charter, Article
VII, Section 16, Business and Financial Provisions, Undesignated Fund Balance" on the
November 6, 2012 Municipal Ballot to the August 27, 2012 City Council meeting for a public
hearing.
Department Head
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Associated Information:
Budget Approval:
Legal Approval:
Introduced for
Passage
First Reading
Referral
Page _ of _
Finance Director
ity Solicitor
12-267
AUGUST 13, 2012
r✓ Assigned to Councilor Sprague
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CITY OF BANGOR
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(TITLE.) ORDER, Referring an Order Entitled "Proposing an Amendment to the Bangor City
Charter, Article VIII, Section 16, Business and Financial Provisions, Undesignated Fund
Balance on the November 6, 2012 Municipal Ballot" for a Public Hearing.
WHEREAS, the Bangor City Charter currently provides that the City Council "shall target an
undesignated fund balance of no more than 10% of the operating budget, excluding debt for
the General Fund. The target balance shall be established at 5% of the last year's expenditure
less debt service"; and
WHEREAS, it is in the best interest of the City of Bangor to increase the percentages for the
minimum and maximum targets for the undesignated fund balance; and
By the City Council of the City of Bangor.
ORDERED,
That the attached Order entitled "Proposing an Amendment to the Bangor City Charter, Article
VII, Section 16, Business and Financial Provisions, Undesignated Fund Balance" on the
November 6, 2012 Municipal Ballot for a Public Hearing be placed on the August 27, 2012 City
Council agenda for a public hearing and that the City Clerk is hereby directed to post seven
days notice of said hearing.
IN CITY COUNCIL
AUGUST 13, 2012
MOTION MADE AND SECONDED
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CITY CLERK
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Assigned to Councilor
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CITY OF BANGOR
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(TITLE.) ORDER, Proposing an Amendment to the Bangor City Charter, Article VIII, Section
16, Business and Financial Provisions, Undesignated Fund Balance.
WHEREAS, the Bangor City Charter currently provides that the City Council "shall target an
undesignated fund balance of no more than 10% of the operating budget, excluding debt for
the General Fund. The target balance shall be established at 5% of the last year's expenditure
less debt service"; and
WHEREAS, it is in the best interest of the City of Bangor to increase the percentages for the
minimum and maximum targets for the undesignated fund balance; and
WHEREAS, an amendment to the Bangor City Charter requires a vote of the citizens of Bangor;
and
By the City Council of the City of Bangor.
ORDERED,
That the following amendment to Article VIII, section 16 of the Bangor City Charter be placed
on the ballot at the 2012 regular municipal election to be held November 6, 2012 for approval
by the qualified voters of the City of Bangor in accordance with Title 30-A M.R.S.A. §§2104 (1)
and 2105.
Art. VIII. Sec. 16. Unde:ienaled Unassigned Fund Balance.
The City Council shall target an undesignated unassigned fund balance of no more than 10%
16.66% of the operating budget;exelud+eg-det for the General Fund. The target balance shall
be established at 5ilo-8.33% of the last year's General Fund operating budget.expendit -eess
debt
.
Statement of Fact: Deletions of the exisiting Charter provisions are stfuek thFewo. Additions
are underlined.
Summary:
Currently the Charter provides that the City Council shall target no more than 10% of the City's
operating budget, excluding debt for the General Fund. It also provides that the target balance
for the undesignated fund balance shall be 8.33% of the last year's expenditure. This change
will change the name of the undesignated fund balance to the unassigned fund balance; will
provide for an increase in the target amount to 16.66%; will change the target balance to
8.33% and will remove the provision to exclude debt service in determining the amount.