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HomeMy WebLinkAboutResolutions - 1979.04.05 - 10604' April 5, 1979 MISCELLANEOUS RESOLUTION # BY: FINANCE COMMITTEE, DENNIS MURPHY, CHAIRPERSON IN RE: YEAR END REPORT TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS Mr. Chairperson, Ladies and Gentlemen: WHEREAS the 1978 Year End Report issued by the Department of Management and Budget indicates an operating balance of $1,477,969.19 and an unappropriated surplus of $11,970.94 for a total of $1,489,940.13; and WHEREAS $600,000 of this surplus was included in the 1979 Revenue Budget; and WHEREAS the implementation of the Headiee Amendment and the resultant impact on County operations are uncertain at this time; and WHEREAS the CETA program may cease to provide the County with needed manpower forcing the County to pick up these costs; and WHEREAS it is in keeping with sound financial and managerial practices to provide for future requirements; and WHEREAS it is prudent and good government to provide for future liabilities without increasing taxes and restraining new programs or expanding current programs. NOW THEREFORE BE IT RESOLVED that $600,000 of the 1978 surplus be trans- ferred to the 1979 Income and the balance of $889,940.13 be transferred to a Special Reserve Account for 1980 Contingency. The Finance Committee, by Dennis Murphy, Chairperson, moves the aadoption of the foregoing resolution. FINANCE COMMITTEE J . Dennis Murphy; Ghairpe 8892 on APPROVE THE FOREGOING RESOLUTION. #8892 April 5, 1979 Moved by Murphy supported by Roth the resolution be adopted. AYES: Murphy, Page, Patterson, Perinoff, Pernick, Peterson, Price, Roth, Wilcox, Aaron, DiGiovanni, Doyon, Dunaskiss, Fortino, Gabler, Gorsline, Hobart, Kasper, Kelly, Lewand, McConnell, McDonald, Montante, Moore, Moxley. (25) NAYS: None. (0) A sufficient majority having voted therefor, the resolution was adopted. STATE OF MICHIGAN) COUNTY OF OAKLAND) I, Lynn D. Allen, Clerk of the County of Oakland and having a seal, do hereby certify that I have compared the annexed copy of Miscellaneous Resolution #8892 adopted by the Oakland County Board of Commissioners at their meeting held on April 5, 1979 with the original record thereof now remaining in my office, and that it is a true and correct transcript therefrom, and of the whole thereof. In Testimony Whereof, I have hereunto set my hand and affixed the seal of said County at Pontiac, Michigan 5th April this day of Lynn D. Allen Clerk By Deputy Clerk