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HomeMy WebLinkAbout2004-01-26 04-68 RESOLVEIles No. 04-68 Date: 1-26- 64 Item/Subject RESOLVE,Appropriating $285,000 in Revenue Sharing for the purpose of Purchasing a Fre Engine Responsible Department: Finance During the FY2004 budget process, the City was advised to hold estimated Revenue Sharing revenues flat based upon actual receipts in FY2003. Thus Me City budgeted for $3,110,000 in Revenue Sharing in FY21104. In September, Meaty received revised estimates from Me State Treasurer's Office indicating Mat Bangor's estimated Revenue Sharing for FV2004 was $3,589,000. At Mat time staff conducted an informal poll of Cmmcllors w4th a recommendation Mat should actual revenues exceed the FY2004 estimates, that Me funds be used M replace a 1982 front line fire engine. Ager six months of receipts, it appears that actual State Revenue sharing will be at least $3,589,000 (pending any legislative changes). Therefore, Me attached resolve will appropriate the necessary, funds to replace the 1982 Are engine. ijoz[ Department Head Associated Irlfor nation: This has been reviewed by Me Finance Committee in conjunction with Me Fire Equipment Replacement Policy. Finance Director Passage X First Reading Page _of_ Referral h�`OK Assigned to Coanrilar Farrington ]anvey 26, 2006 CITY OF BANGOR (TITLE.) Resolve, Appropriating $285,000 in Revenue Sharing for the Purpose of Purchasing a Fire Engine BY the Gly Couml of the Qty ofBangor. BE 1 RESOLVED THAT the sum of $285,000 in additional Revenue Sharing Funds be appropriated as a transfer to the Capital Projects Fund for the purpose of purchasing a replacement Fire Engine. IB cinry COMM Jamar Read06 ng # "-68 EE S 0L VE CITTa I clu COonCII. February 9. 2006 Motion Made and seconded for Passage enc—�d� cceRE (TITLE,) MProgriating {285,ogd in eeoenne snaring for the Furyose of earcneaiog a Fire Engine (Firtt gadding)