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RESOLUTION NUMBER A RESOLUTION FIXING THE ANNUAL APPROPRIATIONS FOR THE CITY OF MISSOULA, MONTANA, AS SET FORTH IN THE FISCAL YEAR 2010 BUDGET AND CAPITAL IMPROVEMENT PROGRAM IN THE AMOUNT OF $ 125,630,999. WHEREAS, the City Council of Missoula has deliberated on the Fiscal Year 2010 Budget and held various public hearings for public comment. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Missoula, Montana: SECTION I That the total annual appropriations, transfers out and projected year end fund balances for the City of Missoula, Montana for Fiscal Year 2010 is hereby fixed at $125,630,999. The breakdown of the funds and local property taxes required are as follows: Budgeted Expenditures $ 97,406,312 Inter-fund Transfers Out 12,757,323 Projected End-of-year Cash Balance 15,467,363 Budget Revenue Estimates: Beginning-of-year Fund Balance 25,307,800 Non-tax Revenues 64,649,320 Inter-fund Transfers In 12,757,323 Sub-total Non-Tax Funds Available 88,215,288 Property Tax Requirements $ 22,916,556 SECTION II That annual appropriations and transfers out for various departments of the City of Missoula, Montana for the Fiscal Year 2010 will be controlled and monitored for budgetary compliance at the fund level. SECTION III The fund balance greater than $2,800,000 shall be transferred to the City of Missoula's Capital Revolving Fund in the FY 2010 budget to be earmarked as provided in section 7-6-4134 MCA, for replacement, improvement and acquisition of property, facilities or equipment. SECTION IV Generally accepted accounting principles (GAAP) require expenditures to be recognized in the fiscal year in which the goods or services are received. Previous fiscal year appropriations for incomplete improvements in progress of construction, or segments thereof entered into under contract or purchase order by the City, are hereby declared authorized appropriations provided they meet the following criteria: a. related financing was provided in the prior fiscal year; b. the appropriations were not obligated by year end; ---PAGE BREAK--- c. the purpose was not included, or rejected, in current budget financing or appropriations; and, NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Missoula, Montana shall adopt the Capital Improvement Program for Fiscal Years 2010-2014. BE IT FURTHER RESOLVED that this resolution amends, supersedes and replaces City Council Resolution number 7436. PASSED AND ADOPTED this day of August, 2009. ATTEST: APPROVED: Martha L. Rehbein John Engen City Clerk Mayor (SEAL)