HomeMy WebLinkAboutResolutions - 1971.06.17 - 16138June 17, 1971
RESOLUTION NO. 5714-7
RE: AUDITORS' SAFEGUARD MEASURES
BY: FINANCE COMMITTEE - Mx. Brennan
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
MR. CHAIRMAN, LADIES AND GENTLEMEN: 1
WHEREAS, the Oakland County Board of Auditors has recommended
to your Finance Committee, certain financial measures to maintain
the County fiscal solvency; and
WHEREAS, your Committee agrees with and recommends to this
Board the following financial measures:
1. That the Oakland County . Board of Auditors be authorized
to accept the return of the principal of the loan to the Oakland
County Road Commission in the amount of $200,000.00 and further,
that the County of Oakland waives its rights to interest on said
loan.
2. That the previously appropriated $100,000.00 to finance
the proposed Local Assessing Assistance Programs should not be
expended until the contract for such Local Assessing Assistance
Program with the local community is reviewed by the Finance Committee.
3. That the sum of $50,000.00 be removed from the County's
Sick Leave Reimbursement Reserve.
4. That the sum of $100,000.00 be removed from the Utilities
Fund.
5. That the sum of $30,000.00 be removed from the Capital
Outlay portion of the Budget.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of
Commissioners approves and adopts the Auditors' recommendation as
to financial measures as follows:
1. That the Oakland County Board of Auditors be authorized
to accept the return of the principal of the loan to the Oakland
County Road Commission in the amount of $200,000.00 and further,
that the County of Oakland waives its rights to interest on said
loan.
2. That the previously appropriated $100,000.00 to finance
the proposed Local Assessing Assistance Program should not be
expended until the contract for such Local Assessing Assistance
Program with the local community is reviewed by the Finance
Committee.
3. That the sum of $50,000.00 be removed from the County's
Sick Leave Reimbursement Reserve.
4. That the sum of $100,000.00 be removed from the Utilities
Fund.
5. That the sum of $30,000.00 be removed from the Capital
Outlay portion of the Budget.
BE IT FURTHER RESOLVED that the foregoing sums be transferred
to the,1971,1 Unappropriated Surplus,,cx„,
The Finance Committde, by nr. James M. Bren -nan;z-Chairman,
moves the adoption of the foregoing resolution.
FINANCE COMMITTEE
, !;
- James M. Brennan, Chairman
#5747
Moved by Brennan supported by Perinoff the resolution be adopted.
Discussion followed.
AYES: Aaron, Barakat, Bawden, Brennan, Burley, Coy, Daly, Edwards,
Gabler, Hamlin, Harrison, Horton, Houghten, Kasper, Lennon, Mainland,
Mathews, Olson, Patnales, Perinoff, Pernick, Powell, Richards, Richardson,
Simson, Szabo. (26)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolution was
adopted,
STATE OF MICHIGAN)
(ss,
COUNTY OF OAKLAND)
I, Lynn D. Allen, Clerk of the County of Oakland and
having a seal, do hereby certify that.] have compared the annexed copy of
Resolution #5747 adopted by the Oakland County Board of Commissioners
at their June 17, 1971 meeting
with the original record thereof now remaining in my
office, and that it is a true and correct transcript
therefrom, and of the Ohole thereof,
In Testimony Whereof, I have hereunto set my hand and
affixed the seal of said County
1 this 7th day of June.
Lynn D. Allen Clerk
By..... ......... .... . ----Deputy Clerk