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RESOLUTION NUMBER A RESOLUTION AMENDING THE ANNUAL APPROPRIATIONS FOR THE CITY OF MISSOULA, MONTANA, AS SET FORTH IN THE FISCAL YEAR 2010 BUDGET AND CAPITAL IMPROVEMENT PROGRAM THAT INCREASES THE TOTAL CITY BUDGET BY $3,692,574. WHEREAS, the City Council of Missoula has deliberated on the Fiscal Year 2010 Budget and held various public hearings for public comment. WHEREAS, the Council of the City of Missoula, Montana has heretofore passed and adopted Resolutions #7476 and #7472, which resolutions set out the tax levy and appropriations in the final budget for the fiscal year 2010; and has heretofore passed and adopted Resolutions #7517 that amended the appropriations for the fiscal year 2010. WHEREAS, MCA 7-6-4031 MCA provides for a budget amendment procedure to the final budget; and, WHEREAS, this budget amendment is necessary primarily to recognize grants received during the fiscal year and incorporate on-going construction projects carried forward from fiscal year 2009; WHEREAS, the City Council scheduled a public hearing on this proposed resolution; and WHEREAS, a public hearing was held on the 6th day December, 2010 in order to receive public comment about increasing the overall appropriation authority. NOW, THEREFORE, BE IT FURTHER RESOLVED that the City of Missoula hereby changes the appropriations in the FY10 budget to the respective funds identified herein in Exhibit A. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Missoula, Montana: SECTION I 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 II The fund balance, greater than $2,800,000, shall be transferred to the City of Missoula's Capital Revolving Fund in the FY 2011 budget to be earmarked as provided in section 7-6-4134 MCA, for replacement, improvement and acquisition of property, facilities or equipment. SECTION III 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: ---PAGE BREAK--- a. related financing was provided in the prior fiscal year; b. the appropriations were not obligated by year end; c. the purpose was not included, or rejected, in current budget financing or appropriations; and, BE IT FURTHER RESOLVED that this resolution amends, supercedes and replaces City Council resolutions 7472 and 7517. PASSED AND ADOPTED this 5th day of December, 2010. ATTEST: APPROVED: Martha L. Rehbein John Engen City Clerk Mayor (SEAL)