09/14/2010 Resolutions 2010-256RESOLUTION 2010-256
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 2010-2011 and Program for
Municipal Services in the Lid Computation for FY2010-2011 and Program for Municipal
Services in the Lid Computation for FY2010-2011 supported by the detail relating to
restricted revenue accounts, proposes an additional increase in budgeted restricted funds
o f 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 2010-
2011 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 14,
2010.
_ ~
Marg ret Hornady, Mayor
Attest:
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RaNae Edwards, City Clerk
Approved as to Form ~,.~
September 13, 2010 o City Attorney