01/25/2022 Resolutions 2022-32R E S O L U T I O N 2022-32
WHEREAS, the City of Grand Island proposes to create a Police and Fire
Stabilization Fund; and
WHEREAS, the purpose of this fund is to pay police and fire personnel costs in
lieu of eliminating or freezing positions in times of economic downturn; and
WHEREAS, General Fund cash reserves of $1,000,000 shall be transferred to the
Police and Fire Stabilization Fund for initial funding; and
WHEREAS, funds from the Police and Fire Stabilization Fund shall only be
accessed in difficult economic times as determined by City Council and shall be used to maintain
the City's police and fire staffing levels; and
WHEREAS, funds from the Police and Fire Stabilization Fund shall only be
expended for police and fire personnel services by transfer to the General Fund; and
WHEREAS, replenishment of the Police and Fire Stabilization Fund up to
$1,000,000 will be from Police and Fire vacancy savings after the General Fund meets its cash
reserve threshold as established by the City's Fiscal Policies.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL
OF THE CITY OF GRAND ISLAND, NEBRASKA, that the Finance Director is directed to
create a Police and Fire Stabilization Fund and transfer $1,000,000 to the Police and Fire
Stabilization Fund from cash reserves in the General Fund.
Adopted by the City Council of the City of Grand Island, Nebraska, January 25, 2022.
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Rog . Steele, Mayor
Attest:
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RaNae Edwards, City Clerk
Approved as to Form tt
January 24, 2022 � City Attorney