E/10. Resolution 4658 - Budget Amendment - Affordable Housing ProgramCity of Kalispell
Post Office Box 1997 - Kalispell, Montana 59903-1997 -Telephone (406)758-7700 Fax(406)758-7758
REPORT TO:
FROM:
SUBJECT:
MEETING DATE:
Mayor Boharski and City Council Members
Amy Robertson, Finance Director
Chris Kukulski, City Manager
Amend Budget Fund 2950 Affordable Housing Program
September 17. 2001
BACKGROUND: This Resolution will reduce the appropriation in Fund 2950 for
Affordable Housing. The original budget of $96,243 was overstated
and available funds require that the appropriation be reduced to
provide for a balanced budget. The new appropriation amount is
$21,111. This is a reduction of total budget authority of $75,132.
RECOMMENDATION: Adoption of this resolution authorizing the budget reduction.
FISCAL EFFECTS: None
ALTERNATIVES: None
Amy H. Robertson
Finance Director
Report compiled: September 11, 2001
Chris A. Kukulski
City Manager
RESOLUTION NO. 4658
A RESOLUTION AMENDING THE ANNUAL APPROPRIATIONS FOR AFFORDABLE
HOUSING BUDGET AS SET FORTH IN THE 2001-2002 CITY BUDGET ADOPTED BY
THE CITY COUNCIL.
WHEREAS, at a public hearing held on the 16th day of July, 2001,
the City Council did consider all objections made to said
budget; and
WHEREAS, the City Council adopted Resolution 4636 adopting the
annual appropriations of the City of Kalispell; and
WHEREAS, the projected revenue will not be available and as a
result the appropriations for fund 2950, the Affordable
Housing budget must be reduced.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL AS FOLLOWS:
SECTION I. That the annual appropriation of Fund 2950,
the Affordable Housing Fund, are in excess of available
funds and is reduced from $96,243 to $21,111.
PASSED AND APPROVED BY THE CITY COUNCIL AND MAYOR OF THE CITY OF
KALISPELL THIS 17TH DAY OF SEPTEMBER, 2001.
Wm E. Boharski
Mayor
ATTEST:
Theresa White
City Clerk