09/13/2011 Resolutions 2011-257RESOLUTION 2011 -257
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 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, §13-519 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 2011 -2012 and Program for
Municipal Services in the Lid Computation for FY2011 -2012 and Program for Municipal
Services in the Lid Computation for FY2011 -2012 supported by the detail relating to
restricted revenue accounts, proposes an additional increase in budgeted restricted funds
of one percent (I%) as provided by the statue; 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 of the City of Grand Island and its citizens; and
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL
OF THE CITY OF GRAND ISLAND, NEBRASKA, that by affirmative vote by more
than 75% of the City Council, budgeted restricted revenue funds for Fiscal Year 2011-
2012 shall be increased by an additional one percent (1 %) as provided by Neb. Rev. Stat.
§13 -519.
Adopted by the City Council of the City of Grand Island, Nebraska on September 13,
2011.
Jay Vavricek, Mayor
Attest:
RaNae Edwards, City Clerk
Resolution 12011 -257 was not approved by the City Council at their
September 13, 2011 meeting.
Approved as to Form n ,&
September 12, 2011 0 City Worney