HomeMy WebLinkAboutResolutions - 2006.03.22 - 28206MISCELLANEOUS RESOLUTION #06063 March 23, 2006
BY: FINANCE COMMITTEE, CHUCK MOSS, CHAIRPERSON
IN RE: GENERAL APPROPRIATIONS ACT - AMENDMENT TO COINCIDE WITH the CAPITAL
AND COOPERATIVE INITIATIVES REVOLVING FUND (CCIRF) POLICY
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Chairperson, Ladies and Gentlemen:
WHEREAS on September 22, 2005, the Board of Commissioners adopted M.R.
#05225, the Fiscal Year 2006 General Appropriations Act; and
WHEREAS the Capital & Cooperative Initiatives Revolving Fund (CCIRF)
was established pursuant to M.R. #05225; and
WHEREAS the budgeting, accounting, and financial reports established
for CCIRF in M.R. #05225 assumed no direct expenditure of funds from CCIRF,
rather CCIRF funds would be transferred to other County funds for
expenditures; and
WHEREAS since adoption of M.R. #05225, the Board of Commissioners has
approved a policy and procedure for the distribution of CCIRF funds related
to consulting services for cities, villages, and townships; and
WHEREAS upon review of the approved procedure, as well as additional
review accounting and financial reporting guidance, a more appropriate
budgeting, accounting, and financial reporting treatment of CCIRF is to
authorize direct expenditures from the CCIRF fund; and
WHEREAS authorizing direct expenditures from the CCIRF fund will allow
for additional transparency for use of CCIRF and will assure that unused
CCIRF money will remain in the CCIRF fund; and
WHEREAS M.R. #05225 must be amended to authorize direct expenditures
from the CCIRF Fund.
NOW THEREFORE BE IT RESOLVED that M.R. #05225, the Fiscal Year 2006
General Appropriations Act, be amended to coincide with the approved process,
striking from paragraph #3 the words "No direct expenditures will be made
from CCIRF, rather funds will be transferred from CCIRF, to various county
funds to provide the following", and replacing them with "CCIRF funds will be
use to:" The new paragraph will read:
3) No dircct cHpcnditurco will bc madc from CCIRF, 1,044.,-f6pprisim nw*,
bc transfcrrcd from CCIRF, to various cea-tl, t W. L1.
following: CCIRF funds will be used to:
a) Support the County's capital improvement projects;
b) Support of initiatives that impact the services provided to
Oakland County residents through the County government and
the various cities, villages, and townships within the
County.
BE IT FURTHER RESOLVED that paragraph #6 be amended as follows:
6) "...the Fiscal Officer, with the Board of Commissioner approval
may make a transfer to the County's Voluntary Employee Benefit
Association (VEBA) in an amount net up to, but not exceeding the
annual appropriation."
Chairperson, on behalf of the Finance Committee, I move adoption of the
foregoing resolution.
FINANCE COMMITTEE
FINANCE COMMITTEE
Motion carried unanimously on a roll call vote.
•••n,„.
5/2-7/e(
March 23, 2006 Resolution #06063
Moved by Moss supported by Zack the resolution be adopted.
Discussion followed.
AYES: Coulter, Crawford, Douglas, Gregory, Hatchett, Jamian, KowaII, Long, Melton, Middleton,
Molnar, Moss, Nash, Palmer, Patterson, Potter, Rogers, Scott, Suarez, Wilson, Woodward, Zack,
Bullard, Coleman. (24)
NAYS: None. (0)
A sufficient majority having voted in favor, the resolution was adopted.
,n•nn••••
I HEREBY APPROVE THE FOREGOING REMOTION
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Ruth Johnson, 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 March 23, 2006,
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 23rd day of March, 2006.
(j?(141. 1
JIP
Rut „Wails I, COlinty Clerk