Minutes 09/26/2006 - Laserfiche WebLink

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September 26, 2006 Staff Recommends: Adoption of proposed ordinance. Vision Principles: A Robust and Prospering Economy and Lifelong Learning Community. Next Steps Following Council Action: . The Chief Financial Officer will ensure that the budget action needed to increase the total appropriations in the Capital Projects Fund by $74,829 is processed immediately upon adoption of the ordinance. Motion by Ms. Randall, and seconded by Mr. D. Smith, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE AMENDING THE FY 2006-2007 CAPITAL IMPROVEMENTS PROGRAM AND APPROPRIATING AN ADDITIONAL $74,829 IN THE FY 2006-2007 CAPITAL PROJECTS FUND BUDGET FOR THE FIRST COLLEGE EDUCATIONAL CAPITAL PROJECT." Ayes: Heretick, Moody, Psi mas, Randall, D. Smith, R. Smith, Holley Nays: None 06 - 444 - Adoption of an ordinance appropriating $660,000 in the FY 2006-2007 Risk Management Fund Operating Budget to fund a general liability claim settlement. Vision Principles: A Robust and Prospering Economy. Background: . A supplemental appropriation is needed in the Risk Management Fund to provide funding to cover an additional expenditure for a general liability claims settlement. . The City needs this additional appropriation to supplement the funding for FY 2006-2007. Discussion: . $660,000 received from internal service charge-out revenue for general liability risk management costs charged to the General Fund will be used to provide funding in the Risk Management Fund to pay for the additional expenditure resulting from a general liability claims settlement. Staff Recommends: Adoption of proposed ordinance. Vision Principle: A Robust and Prospering Economy. Next Steps Following Council Action: . The Chief Financial Officer will ensure that the budget action needed to increase the total appropriations in the Risk Management Fund by $660,000 is processed immediately upon adoption of the ordinance. Motion by Ms. Psi mas, and seconded by Mr. Heretick, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE APPROPRIATING $660,000 IN THE FY 2006-2007 RISK MANAGEMENT FUND OPERATING BUDGET TO FUND A GENERAL LIABILITY CLAIM SETTLEMENT." Ayes: Heretick, Moody, Psi mas, Randall, D. Smith, R. Smith, Holley Nays: None - New Business - 06 - 445 - Boards and Commissions There were no appointments.