Title
Resolution relative to the preparation of staff recommendations relative to the appropriate level for the Cable Special Revenue Fund Balance and the Cable Administrative Support Payment.
Body
WHEREAS, the City included in its 2006 Budget $400,000 from its Land and Building Fund Reserve to be used to reduce taxes in its Tax Stabilization Fund; and,
WHEREAS, in prior years, the City has also used other large amounts from its balance sheet revenues to reduce taxes in its Tax Stabilization Fund; and,
WHEREAS, the City has approximately $700,000 in its Cable Special Revenue Fund Balance for future cable needs, emergencies, and capital replacement; and,
WHEREAS, this $700,000 may be more than what is needed to be maintained in this fund balance for such purposes; and,
WHEREAS, it would be beneficial and in the best interest of the City to use a portion of these funds to provide additional payment to the City for city-wide administrative support of the Cable Communications Office and its programs.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of West Allis that staff is authorized and directed to prepare recommendations relative to the appropriate amounts to be maintained in the Cable Special Revenue Fund Balance.
BE IT FURTHER RESOLVED that said recommendations should also include suggestions in regards to the proper level of funding for the City's Administrative Support Payment as part of the Office of Cable Communications budget.
ADM\ORDRES\ADMR298