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1 of 2 RESOLUTION 06-18508 A RESOLUTION TO MAKE FISCAL YEAR 2007 ADJUSTMENTS APPROPRIATIONS PURSUANT TO M.C.A. 7-6-4006 AS AMENDED, AND PROVIDING TRANSFERS AND REVISIONS WITHIN THE GENERAL CLASS OF SALARIES AND WAGES, MAINTENANCE AND SUPPORT AND CAPITAL OUTLAY. WHEREAS, M.C.A. 7-6-4006 provides that the City Council, upon proper resolution, adopted by said Council at a regular meeting and entered into its Minutes, may transfer or revise appropriations within the general class of salaries and wages, maintenance and support, and capital outlay, and WHEREAS, based upon a Quarterly Budget Review (FY 2006/2007), it is necessary to alter and change said appropriations. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BILLINGS, MONTANA: That the attached transfers or revisions are hereby adopted. (SEE EXHIBIT ATTACHED) PASSED AND APPROVED by the City Council, this 13th day of November, 2006. THE CITY OF BILLINGS: BY: Ron Tussing, MAYOR ATTEST: BY: Marita Herold, CMC/AAE CITY CLERK ---PAGE BREAK--- 2 of 2 EXHIBIT A BUDGET ADJUSTMENTS Revenue Expenditure 202-1503-466 7950 $34,420 School District #2 Lincoln Center Project To re-establish budget for a Lincoln Center project. Budget authority had lapsed in FY2006 because commitment for a specific project was not provided to the City. 640-5517-455 9440 $56,000 Library van purchase through the Capital replacement fund. Replace the Library van. 278-6597-465 7290 $204 Historic Preservation Grant There are additional funds from the sale of books to be spent in the area of Montana historic preservation. 279-6661-464 5930 $104,146 Wells Fargo Low Interest Loans Wells Fargo loan proceeds and related interest earnings are available for low interest loans to qualified borrowers.