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E/5. Resolution 4700 - Light FundRESOLUTION NO. 4700 A RESOLUTION AMENDING THE ANNUAL APPROPRIATIONS OF THE CITY OF KALISPELL, MONTANA, AS SET FORTH IN THE 2001-2002 BUDGET ADOPTED BY THE CITY COUNCIL FOR THE PURPOSE OF APPROPRIATING FUNDS FOR STREET LIGHT MAINTENANCE. WHEREAS, in the budget adopted by the City of Kalispell for the 2002 fiscal year, certain detailed and itemized estimates of expenditures for street light maintenance have proven inaccurate in the operation of the said Light Maintenance Fund for the 2002 fiscal year, and WHEREAS, the overall expenditures of the said Fund are currently not in excess of the total of such estimates of expenditures adopted in the City's budget for the 2002 fiscal year, however, it does appear that the total of the budgeted appropriations in said classification will exceed such estimate for the balance of the 2002 fiscal year, and WHEREAS, reserves available under Light Maintenance Fund classification will have cash not appropriated and said excess may be utilized, so that the respective budget appropriations are not exceeded by expenditures, and WHEREAS, said reserves are revenue accruing to the City not appropriated pursuant to Section 7-6-4271, and constitutes an overall increase in appropriation authority, and WHEREAS, the appropriate fund would be a Light Maintenance Fund, 2400, with the appropriate expenditure line item 2400-410- 430263-341, and WHEREAS, On May 20, 2002 at 7:00 o'clock P.M., in the Council Chambers, City Hall, Kalispell, a public hearing was held on appropriating funds from the Street Light Reserves in the amount of $20,000.00 for the purpose of funding the increase in electrical costs for street lighting. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: SECTION I. That the annual appropriation for the Light Maintenance Fund is hereby amended by allocating an additional $20,000.00 from the Street Light Reserves for the purpose of funding the increase in electrical costs. PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL, THIS 20TH DAY OF MAY, 2002. Pamela B. Kennedy ATTEST: Mayor Theresa White City Clerk