HomeMy WebLinkAboutResolutions - 1996.04.25 - 24641Non-Dept, - Prior Years Balance
Non-Dept. - Project Work Order Fund
Des. Fund - Radio Comm. Debt
Non -Dept. - Prior Years Balance
Non-Dept. - Transfer to Radio Comm.
Revenue - Transfer from General Fund
Radio Comm. Est. Profit/(Loss)
$ 3,851,535.34
1851,535.34
0.00
$(3.356,182.00)
S 3,356,182.00
$ 3,356.182.00
0.00
$ 3,356,182.00
3.356,182.00
0.00
MISCELLANEOUS RESOLUTION #96092
BY: FINANCE AND PERSONNEL COMMITTEE, SUE ANN DOUGLAS, CHAIRPERSON
IN RE: DEPARTMENT OF MANAGEMENT AND BUDGET - AUTHORIZATION TO RETIRE
DELINQUENT TAX REVOLVING FUND LOANS FOR OAKLAND POINTE AND RADIO
COMMUNICATIONS
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Chairperson, Ladies and Gentlemen:
WHEREAS through Miscellaneous Resolution #96063, the 1995 Year End Report and Budget
Amendments, the Board of Commissioners created a designated fund balance of $3,851,535.34 (#1-10100-492-059)
to retire Delinquent Tax Revolving Fund (DTRF) loans for the purchase of Oakland Pointe,( M.R. #95030); and
WHEREAS through Miscellaneous Resolution #96063, the Board created a second designated fund
balance of $3,356,182, (#1-10100-492-060) to retire DTRF loans to the Radio Communications fund used to
refinance the 800 MHz system (M. R. #93081) and to expand the 800 MHz system (M.R. #95174); and
WHEREAS use of a designated fund balance requires a Board resolution bringing the fund balance into
current year operations for use in fulfilling the designated purpose; and
WHEREAS the Oakland Pointe debt is housed in the Project Work Order account, under the General Fund,
the designated fund balance must be moved into the 1996 General Fund Non-Departmental budget, to retire the
loan; and
WHEREAS the Radio Communications fund is responsible for the payment of the 800 MHz debt, the
designated fund balance must be moved in the 1996 Radio Communications Fund, to retire the loan.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners authorizes the
use of designated funds balance to retire Delinquent Tax Revolving Fund loans made for the purchase of Oakland
Pointe and refinancing and enhancement of the 800 MHz system through the Radio Communications Fund.
BE IT FURTHER RESOLVED that the 1996 budget be amended, as specified below, to account for the
use of the designated funds balance to retire the Delinquent Tax Revolving Fund loans listed above:
Oakland Pointe Debt
General Ledger
1-10100-492-059 Des. Fund - Oakland Pointe Debt
General Fund Revenue
3-10100-909-01-00-9901
General Fund Expenditures
4-10100-901-01-00-8404
Radio Communications Debt
General Ledger
1-10100-492-060
General Fund Revenue
3-10100-909-01-00-9901
General Fund Expenditure
4-10100-901-01-00-8675
Radio Communications Fund
3-66000-138-40-00-8101
1-66000-455-001
Chairperson, on behalf of the Finance and Personnel Committee, I move adoption of the foregoing
resolution.
FINANCE AND PERSONNEL COMMITTEE
$(3.851,535.34)
I I 10- .2 I CI a I I 41 Mil I PAI NI -
R " County Executive L. Brooks Patters
Resolution #96092 April 25, 1996
Moved by Douglas supported by Huntoon the resolution be adopted.
AYES: Douglas, Garfield, Holbert, Huntoon, Jacobs, Jensen, Johnson,
Kaczmar, Kingzett, Law, McCulloch, McPherson, Moffitt, Obrecht, Palmer, Pernick,
Powers, Quarles, Schmid, Taub, Wolf, Amos, Crake, Devine, Dingeldey. (25)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolution was adopted.
FOREG011\'' P:SOLU
Date
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Lynn D. Allen, Clerk of the County of Oakland, 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 April 25, 1996 with the original record
thereof now remaining 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 25th day of April 1996.
Lynn ID. Allen, County Clerk