Resolution 4033 - Approve Mid-Year Budget Amendmentsalro7wil
WNO
RESOLUTION 4033
A RESOLUTION TO APPROVE THE MID -YEAR 1992 AMENDED BUDGET FOR THE
FISCAL YEAR ENDING JUNE 30, 1992.
WHEREAS, in the budget adopted by the City of Kalispell for
the 1992 fiscal year, certain detailed and itemized estimates of
expenditures for the various departments of the City have proven
inaccurate in the operation of the City and,
WHEREAS, the overall expenditures of the City in said
classification is not in excess of the total of such estimates of
expenditures adopted in the City's budget for the 1992 fiscal
year, and further, it does not appear that the total of the
budgeted appropriations in said classification will exceed such
estimate for the balance of the 1992 fiscal year; and
WHEREAS, the City has received an Economic Development
Assistance Grant of $293,244 to be matched with Tax Increment
Funds for infrastructure improvements downtown, and a new Fund
budget is thereby authorized and,
WHEREAS, the City sold the tax deed property at Buffalo Head
and thereby was able to call all remaining bonds the debt service
budget increases by $105,000 for principal and,
WHEREAS, under the authority granted the Council by law to
make transfers and revisions,
NOW THEREFORE, BE IT RESOLVED, that the following Mid -Year
1992 Amended Budget be adopted:
As set forth in Exhibit "A"' attached hereto and by this
reference made a part hereof.
PASSED AND APPROVED BY THE CITY COUNCIL AND THE MAYOR OF THE
CITY OF KALISPELL THE 18th DAY OF FEBRUARY, 1992.
bouglo D. Rauthe, Mayor
ATTEST:
Amy Robertson
Finance Director