08/22/2006 Resolutions 2006-241
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RESOLUTION 2006-241
WHEREAS, pursuant to Neb. Rev. Stat. ~13-519, the City of Grand Island is limited
to increasing its total of budgeted restricted funds to no more than the last prior year's total of
budgeted restricted funds plus population growth plus two and one-half percent (2 1/2%) expressed
in dollars; and
WHEREAS, 913-519 authorizes the City of Grand Island to exceed the foregoing
budget limit for a fiscal year by up to an additional one percent (1 %) increase in budgeted restricted
funds upon the affirmative vote of at least 75% of the governing body; and
WHEREAS, the Annual Budget for Fiscal Year 2006-2007 and Program for
Municipal Services in the Lid Computation FY 2006-2007 supported by the detail relating to
restricted revenue accounts, proposes an additional increase in budgeted restricted funds of one
percent (1 %) as provided by the statute; and
WHEREAS, approval of the additional one percent (1 %) increase in budgeted
restricted funds is prudent fiscal management, does not increase authorized expenditures and is in the
best interests ofthe City of Grand Island and its citizens.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that upon affirmative vote by more than 75% of
the City Council, of budgeted restricted funds for Fiscal Year 2006-2007 shall be increased by an
additional one percent (1 %) as provided by Neb. Rev. Stat. 913-519.
Adopted by the City Council of the City of Grand Island, Nebraska, August 22, 2006.
Attest:
J:lCJIlO ~Duh~
RaNae Edwards, City Clerk
Approved as to Form J:I ~
August 17, 2006 J:I City Attorney