Budget Resolution 2018-1

RESOLUTION 2018 – 1 TO AUTHORIZE AMENDMENTS IN THE 2017 TOWN OF CEDAR LAKE BUDGET PURSUANT TO SECTION 65.90 (5) (a) OF THE WISCONSIN STATUTES WHEREAS, on an annual basis the Town Board must adopt a budget reflecting proposed revenues and expenditures for the forthcoming year; and WHEREAS, the annual budget is based upon estimates of revenues and expenditures; and WHEREAS, the Town budgets through use of line item appropriations for its activitities; and WHEREAS, line item transfers are sometimes needed during the calendar year to provide funding the actual level of expenditures with some budget appropriations being too large and others too small; and WHEREAS, Section 65.90 (5) (a) of the Wisconsin Statutes provides for amending the budget through transfers among the various appropriations set forth in the budget by means of the adoption of a resolution for such purposes adopted by a two-third vote of the entire membership of the Town Board; and WHEREAS, there being adequate funds available within the 2017 budget to facilitate the proposed line item transfers to provide appropriations for the expected level of expenditures; NOW, THEREFORE BE IT RESOLVED BY THE TOWN BOARD OF THE TOWN OF CEDAR LAKE, that in accord with Section 65.90 (5) (a) of the Wisconsin Statutes, the line item transfers as detailed on Attachment A to this resolution are hereby authorized: BE IT FURTHER RESOLVED that the Town Clerk is hereby authorized to make said transfers and to post a copy of this Resolution within ten (10) days after the date of the adoption hereof.

Adopted this 12th day of February 2018. ATTEST: Maryhelen Drew, Clerk