HomeMy WebLinkAbout2008-03-24 08-128 RESOLVEItem. No, u8 128
Date: 3-2408
Item/Sub]eaC RESOLVE, Appropriating$200,000 from the General Fund's Undesignated
Fund Balance
Responsible Department: Fire
Commentary:
The attached resohre Is one in a series of required Council actions in regards to the Federal
Assistance to Firefighters Grant and anticipated equipment purchase. This resolve will
appropriate $200,000 in local funding From the General Fund's Undesignated Fund Balance ro
serve as a match to a $450,000 Federal Assistance to Firefighters gram. These funds will be
used to purchase a combined pumper and aerial unit to replace the Department's 1977 snorkel.
Department Head
This has been reviewed and is recommended by the Finance Committee. Since this Is a one,
time capital expenditure, the use of fund balance for such a purpose is authorized by our
adopted Financial Policies.
City Manager
A%pOited Information:
Budget Approval:
The Citys General Fund Undesignated Fund Balance has a current balance of $7,709,260, which
is 9.9% of the FY07 net a IpendiWres and uses.
FcRig e Director
Legal Approval:
City Solicitor
Passage
_JL Fist Reeding Page—of—
Referral
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nskmedrocao m stone u8 128
CITY OF BANGOR
(TITLE.) RESOLVE, Appropriating $200,000 from the C�ral Fund's Undesignated Fund
Balance
WHEREAS, the Bangor Fire Department submitted a grant application requesting $625,000 for
the purchase of an aerial unit to replace the Department's 19]] snorkel; and
WHEREAS, a grant In the amount of $950,000 has been awarded for this purpose; and
WHEREAS, after discussion, the Finance Committee has accepted the Departments
recommendation that a combined pumper and 25 foot aerial unit be considered to
replace the snorkel; and
WHEREAS, the Department estimates that such a unit may cost up to $650,000; and
WHEREAS, the purchase of such a unit may require up to $200,000 in local funds; and
WHEREAS, theses additional Ponds may be appropriated from the General Fund's undesignated
fund balance; and
WHEREAS, as a oneAlme capital expenditure, this purpose meets the guidelines for the use of
undesignated fund balance as set forth in the City's financial policies;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
BANGOR THAT
$200,000 Is hereby appropriated from the General Fund's Undesignated Fund Balance for the
purpose of purchasing a combined pumper and aerial unit to replace the Departments current
snorkel.
IN CITY COUNCIL
Ma ch 24. 2008 4 08-129
P' s[ Readin/g\
{ RESOLVE
CITY CLERK
IN CITY COWIN
April Id. 2008
Notion Node and seconded
for P age
Pee
1TL'ILN) Appropriating $200,000 from
the General Pund's Undesignated Fund
Aaggned w cuandtar