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HomeMy WebLinkAbout01-140 AGENDA BILL BREMERTON CITY COUNCIL 1. SUBJECT: RESOLUTION NO. ~ I ~ FOR AGENDA OF: 06/27/01 AUTHORIZING AN INTERFUND LOAN FROM THE ORIGINATING DEPT: Admin Services EQUIPMENT RENTAL FUND TO THE GENERAL FUND AND ORIGINATOR: K. McCluskey RELATED BUDGET ADJUSTMENT. DATE SUBMITTED: June 21,2001 ~ Comment of back if necessary) 3. EXHIBITS: ~) Proposed Resolution ,.~ (*~, City Treasurer - Budget Adjustment Request 2001 #12 NO COMMITTEES; STUDY SESSION 6/20 MAYOR ~T'-,-~'~ ~--,~)~~ COUNCIL PRESIDENT 4. SUMMARY STATEMENT AND REQUlt~_M_;NT FOR COUNCIL/~CTION; The proposed resolution will provide a portion of the funding for improvements to several City computer systems. The borrowing authority will be used on an "as needed basis" and will be dependent on the timing of the several components of the systems improvement project. The proposed budget adjustment will provide expenditure authority necessary to issue the loan and for the use of loan proceeds on the computer systems project. 8. COM TI N: 1. Mot on to approve Resolution No. ~,~1 ~ authorizing the inter-fund loan from the Equipment Rental Fund to the General Fund. 2. Motion to approve Budget Adjustment 2001 #12. 9. RESPONSIBLE OFFICIAL: Dir. Admin. Serv. ENFORCEMENT OFFICIAL: Mayor EXPIRATION DATE: 12/31/2006 REVIEW DATE: N/A PULLED~ TABLED__ APPROVED ~/ DISAPPROVED__ AMENDED __ c 2. CLEARANCE COMMENTS; 5. iMPACT ON NON-PASSAGE: The computer systems upgrades will be limited to current appropriations limiting the ability to proceed with sevara critical improvements. 6. IMPACT ON STAFFING, BUDGETS, FACILITIES. EQUIPMENT OR OTHER RESOURCES: Increases current year expenditure authority for the project with loan payments to be made in future years. 7. RESEARCH SOURCES: Staff analysis.