09/09/2008 Resolutions 2008-254RESOLUTION 2008-254
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 (21/z%) 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 2008-2009 and Program for
Municipal Services in the Lid Computation for FY 2008-2009 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 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 2008-2009 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, September 9, 2008.
Margaret ornady, Mayor
Attest:
RaNae Edwards, City Clerk
Approved as to Form ^~
September 8, 2008 ~ ityC Attorney