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)