HomeMy WebLinkAboutResolutions - 1975.07.10 - 14619. July10, 1975
MISCELLANEOUS RESOLUTION 7180
BY: Richard R. Wilcox, Chairman Finance Committee
RE: 1975 BUDGET AMENDMENTS
TO THE BOARD OF COMMISSIONERS
Mr. Chairman, Ladies and Gentlemen:
WHEREAS due to current economic conditions it is anticipated that
a short fall in Non-Property Tax revenues will occur during the 1975 Budget
Year, and
WHEREAS, the current Budget forecast indicates that this short-fall
will occur primarily in the following areas:
Clerk/Register 100,000
Land Transfer Tax 250,000
Sheriff 75,000
Social Services - General Relief 50,000
State Income Tax 150,000
Use of Money & Property 300,000
Total 925,000 and
WHEREAS said current forecast projects a 1975 Budget deficit of approx-
imately $1,511,126, and
WHEREAS generally accepted budgetary custom and procedures requires an
amendment to the 1975 Budget, and
WHEREAS your Finance Committee finds it wise and prudent fiscal management
to initiate such an amendment,
NOW THEREFORE BE IT RESOLVED that following appropriations from prior
years be closed out to the General Fund Unappropriated Surplus Account
(a) Human Services Agency for Oakland County - $154,798.00
(b) Solid Waste Implementation Program Plan - $54,348.76
BE IT FURTHER RESOLVED that the 1975 Budget be amended as follows:
1975 Budget Line item Present Approp. Amended Approp. Approp. Increase
(Decrease)._
Revenues:
Clerk/Register 1,150,000 1,050,000 (100,000)
Land Transfer Tax , 1,150,000 900,000 (250,000)
Use of Money & Property 2,803,000 2,503,000 (300,000)
Year-end Balance 400,000 1,196,000 796,000
Total Revenues 5,503,000 5,649,000 146,000
A)
112,000
34,000
146,000
112,000
59,000
171,000
1975 Budget Line Item Present Approp, Amended Approp. Approp. Increase
(Decrease)
B) Expenditures:
Non-Departmental:
Youth Activities
Center -0-
Solid Waste 25,000
Total 25,000
BE IT FURTHER RESOLVED that the funds necessary for the Budget reap-
propriat ion be derived from the General Fund Unappropriated Surplus Account.
The Finance Committee, by Richard R. Wilcox, Chairman, moves the
adoption of the foregoing resolution.
FINANCE COMMITTEE
,X,(,/„AjLq
Richard R. Wilcox, Chairman
I HEPAY APPROVE THE F0?-EGOING RESOLUTION
Prepared by the Budget Division
June 12, 1975
#7180 July 10, 1975
Moved by Wilcox supported by Montante the resolution be adopted.
Discussion followed.
AYES: Wilson, Aaron, Button, Daly, Douglas, Dunleavy, Fortino, Gabler, Hoot,
Houghten, Kasper, Lennon, McDonald, Moffitt, Montante, Nowak, Patterson, Perinoff,
Pernick, Price, Roth, Wilcox. (22)
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
Resolution #7180 adopted by the Oakland County Board of Commissioners at
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their meeting held on July 10, 1975
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with the or:ginal 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
this 1 1 th day
Lynn D. Allen00a04•0•Opeare
By ...... ....v.... ....... .....,.....Deputy Clerk