HomeMy WebLinkAboutResolutions - 1992.05.21 - 20856TOTAL $11,614,619
ANCE COMMITTEE
May 21, 1992
MISCELLANEOUS RESOLUTION # 92099
BY: FINANCE COMMITTEE, DR. G. WILLIAM CADDELL, CHAIRPERSON
IN RE: DEPARTMENT OF MANAGEMENT AND BUDGET - MID-YEAR BUDGET
AMENDMENTS
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS Public Act 621 of 1978, the Uniform Budgeting and
Accounting Act for Local Units of Government, and Section 23 of the
Oakland County General Appropriations Act provide for mid-year
budget adjustments whenever it appears that there may be a variance
between estimated revenues and anticipated expenses; and
WHEREAS major expenditure requirements not contemplated in the
1992-1993 Biennial Budget include: increased reserve requirements
for the Workers Compensation Fund ($4,610,000), termination of the
Westinghouse Waste-to-Energy Facility Contract (not to exceed
$1,125,905), advanced funding of the Solid Waste Program
($5,128,714), and funding for Courthouse west wing extension
($750,000);
WHEREAS resources available to fund the aforementioned
expenditure requirements include the following operating appropria-
tions and designated reserves:
OPERATING:
FUTURE SPACE NEEDS 1992 $2,300,000
FUTURE SPACE NEEDS 1993 1,300,000
APPROP.FOR JUDGESHIPS 1992 162,000
APPROP.FOR JUDGESHIPS 1993 788,000
SALARY & FRINGE ADJUSTMENTS 1993 450,000
CONTINGENCY 1992 61,887
$5,061,887
RESERVES:
RETIREES HOSP. ACTUARIAL FUND $5,316,134
BOND PROCEEDS - WEST WING 1,000,000
COMPUTER CENTER CONSTR. FUND 236,598
6,552,732
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of
Commissioners authorizes the attached reserve transfers and mid-
year amendments to the 1992-1993 Biennial Budget.
BE IT FURTHER RESOLVED that the Retirees Hospitalization
Actuarial Fund (#73540) be closed.
Mr. Chairperson, on behalf of the Finance Committee, I move
adoption of the foregoing resolution.
PFREBY APPROVE THE FORE
Dal T. Murphy:Cotility
ING RESOLUTION
2.
Data
1,125,905
(61,887)
(162,000)
(20,840)
(70,200)
(120,600)
(73,880)
(12,000)
1,000,000
(686,027)
(399,493) .
236,598
1,608,714
$1,845,312
2,493,294
750,000
$1,845,312
1,929,286
1,608,714
$702,480 $702,480
($2,300,000) ($1,300,000)
(390,000)
(60,000)
750,000
1,000,000
$750,000 $1,608,714
1,000,000
$750,000 $750,000
BUDGET AMENDMENTS
1992
REVENUES/ APPROPRIATIONS/
TRANSFERS-IN TRANSFERS-OUT
1993
REVENUES/ APPROPRIATIONS/
TRANSFERS-IN TRANSFERS-OUT
GENERAL FUND #10100
FUTURE SPACE NEEDS
SALARY ADJUSTMENT ACCOUNT
FRINGE ADJUSTMENT ACCOUNT
WESTINGHOUSE CONTRACT
CONTINGENCY
INDIRECT COST
CIRCUIT COURT-SALARY REIM.
CIRCUIT COURT-SAL. FB & OPERATING
DISTRICT COURT -SALARY REIM
DISTRICT COURT-SAL. FB & OPERATING
OPERATING TRF IN - BUILDING FUND
OPERATING TRF IN - COMPUTER CENTER
OPERATING TRF IN - SOLID WASTE
OPERATING TRF OUT - WORKERS COMP
OPERATING TRF OUT - BUILDING FUND
BUILDING PROGRAM #40100 & 40400
OPERATING TRF IN GENERAL FUND
SALE OF BONDS - WEST WING
WEST WING EXPANSION-CONSTRUCTION
OPERATING TRF OUT GENERAL FUND
$2,608,714 $1,000,000
COMPUTER CENTER CONSTRUCTION FUND #44500
236,598
$236,598
OPERATING TRF OUT - GENERAL FUND
$0
$2,680,714
2,680,714
$2,680,714 $1,929,286
1,929,286
$1,929,286
$2,493,294
187,420
1,929,286
$5,128,714
$5,128,714
$1,608,714
$1,608,714
$5,240,480 $3,631,766
3,580,000
GENERAL FUND #10100 -GENERAL LEDGER
DUE FROM SOLID WASTE PREPARED BY BUDGET DIVISION-NF
05/05/92
NANC\MIDYEARA.WK1
BUDGET AMENDMENTS
1992
REVENUES/ APPROPRIATIONS/
TRANSFERS-IN TRANSFERS-OUT
1993
REVENUES/ APPROPRIATIONS/
TRANSFERS-IN TRANSFERS-OUT
WORKER'S COMP FUND #73510
OPERATING TRF IN - GENERAL FUND
OPERATING TRF IN - RETIREES HOSP
CLAIMS RESERVES
SOLID WASTE FUND #83300 *
OPER TRF IN - RETIREES HOSP FUND
OPERATING TRF OUT - GENERAL FUND
RETIREES HOSPITALIZATION
ACTUARIAL FUND #73540
OPERATING TRF OUT-WORKERS COMP FUND
OPERATING TRF OUT - SOLID WASTE
GRAND TOTAL
$0
$10,404,740
$187,420
5,128,714
$5,316,134
$12,437,472
Resolution # wogg May 21, 1992
Moved by Caddell supported by Olsen the resolution be adopted.
AYES: Caddell, Crake, Ferrens, Gosling, Huntoon, Jensen, Johnson, Krause,
McConnell, McCulloch, McPherson, Millard, Oaks, Obrecht, Olsen, Palmer, Pernick,
Price, Schmid, Serra, Skarritt, Wolf, Aaron, Bishop. (24)
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 Cakland, do hereby certify that the foregoing
resolution is a true and accurate copy of a resolution adopted by the Oakland County
Board of Commissioners on May 21, 1992
with the original record thereof now Femaining in my office.
In Testimony Whereof, I have hereunto set my hand and affixed the seal of the County
of Oakland at Pontiac, Michigan this 21st day of—) May ..,, 1992
/---
Lti .i;:: _
Lynn)D. Allen, County Clerk