HomeMy WebLinkAboutResolutions - 1986.03.12 - 10687MISCELLANEOUS RESOLUTION 86053
BY: FINANCE COMMITTEE, DR. G. WILLIAM CADDELL, CHAIRMAN
IN RE: MANAGEMENT AND BUDGET DEPARTMENT 1985 YEAR-END REPORT
AND BUDGET AMENDMENTS
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS all accounts have been posted and final adjustments made for 1985 with the
possible exception of adjusting entries which may be required by the independent certified
public accounts; and
WHEREAS Restatement #1 of the Government Accounting, Auditing and Financial
Reporting standards requires that encumbrances and appropriations carried forward be
treated as a designated fund balance at year-end and that such amounts be reappropriated in
the subsequent year in order to be available for expenditures; and
WHEREAS the results of operations after consideration of expenditures, accruals,
encumbrances, appropriations carried forward, transfers, adjustments and closing entries
produces an excess of available resources over total charges as reflected in the attached
schedules; and
WHEREAS the balance as of December 31, 1985 was $3,713,289, of which $3 million
was committed to the 1986 budget by Miscellaneous Resolution #85355 leaving an
uncommitted balance of $713,289.
WHEREAS some previous designations of fund balances are no longer applicable; and
WHEREAS the County had $50 million liability coverage which no longer is the case;
and
WHEREAS prudent financial management proposes to provide for unforeseen
contingency such as liability coverage.
NOW THEREFORE BE IT RESOLVED that the report of operations is accepted and the
results of operations by line-item after inclusion of expenditures, accruals, encumbrances,
appropriations carried forward, transfers, adjustments and closing entries are approved.
BE IT FURTHER RESOLVED that the various line-items • in the 1986 budget be
amended to include the encumbrances and appropriations carried forward as reflected in the
attached schedules.
BE IT FURTHER RESOLVED that the 1986 budget be amended to place the 1985
excess of available resources in the 1986 budget as shown below:
Revenue
Prior Year's Balance $ 713,289
Appropriations
Capital Improvement Program (Jail Expansion) $ 713,289
$ 713,289
FINANCE,COMMITTE
,efX:r5;e
BE IT FURTHER RESOLVED that the following redesignation of fund balance take
place:
Redesignation of Fund Balance
From:
Community Mental Health Placement $2,057,000
Law Enforcement Liability Reserve 1,867,700
Provision for Pending Litigation 346,604
Unemployment Compensation Fund 728,696
$5,000,000
To:
Designated for Special Purposes $5,000,000
BE IT FURTHER RESOLVED that the 1986 Budget be amended to transfer the
Appropriation Carried Forward of $217,765 from the Sheriff's Department line-item 451 to
the Appropriations Reserved for Transfer - Insurance and Surety Bonds line-item.
Mr. Chairman, on behalf of the Finance Committee, I move the adoption of the
foregoing resolution.
1186053 March 13, 1986
Moved by Caddell supported by Skarritt the resolution be adopted,
AYES: Olsen, Page, Perinoff, Pernick, Price, Rewold, Skarritt, Webb,
Wilcox, Aaron, Caddell, Calandro, Doyon, Fortino, Gosling, Hassberger, Hobart,
Holland, Richard Kuhn, Susan Kuhn, Lanni, Law, McConnell, McDonald, McPherson,
Moffitt, Nelson. (27)
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 the attached -
Miscellaneous Resolution adopted by the Oakland County Board of Commissioners
at their meeting held on March 13, 1956
with the orginial 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
13th s'-1 March day of
LEN
County Clerk/Register of 'Deeds
this 19 86