09/08/2015 Resolutions 2015-250 RESOLUTION 2015-250
WHEREAS, pursuant to Neb. Rev. Stat. §13-519, the City of Grand Island is
limited to increasing its total of budgeted restricted revenues to no more than the prior
year's total of budgeted restricted funds 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 by an additional one percent (1%) increase in budgeted restricted revenues
upon the affirmative vote of at least 75% of the governing body; and
WHEREAS, the Annual Budget document for Fiscal Year 2015-2016 and
Program for Municipal Services in the Lid Computation for Fiscal Year 2015-2016
supported by the detail relating to restricted revenue accounts, proposes an additional
increase in the prior year's budgeted restricted funds of an additional one percent (1%) as
provided by the statue; and
WHEREAS, approval of the additional one percent (1%) increase in budgeted
restricted revenues provides maximum funding sources, does not increase authorized
expenditures and is in the best interests of the 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 by affirmative vote by more
than 75% of the City Council, budgeted restricted revenue funds for Fiscal Year 2015-
2016 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 8,
2015.
LJere L. Je son, ,yor
Attest:
04- ....0.W• O.
ar),
RaNae Edwards, City Clerk
Approved as to Form ❑ r,At
September 8,2015 0 City vr ey