ADOPTED - FEBRUARY 2, 2004

Agenda Item No. 22

Introduced by the Finance Committee of the:

RESOLUTION #04-011

WHEREAS, the State of Michigan has, through revenue reprojections and executive order, reduced Ingham County's 2003-2004 revenue sharing distribution from $5,560,600 to $5,196,102, resulting in a projected revenue loss of $364,498; and

WHEREAS, during the 2004 budget process most departments have experienced budget reductions, including position reductions, hiring delays, and decreases to line item budgets below historic spending levels, making further department reductions undesirable at this time; and

WHEREAS, funds are available in the contingency account to cover this revenue loss, leaving a greatly reduced, but still realistic, amount available in the contingency account for the remainder of 2004.

THEREFORE BE IT RESOLVED, that the County Controller is authorized to amend the 2004 Ingham County Budget by decreasing revenue sharing by $364,498 and decreasing the contingency account by a like amount.

BE IT FURTHER RESOLVED, that the Controller shall monitor implementation of the Governor's December 2003 Executive Order, as well as other issues which may adversely affect the 2004 budget, and shall provide any additional recommendations for adjusting the budget which are deemed necessary to maintain a balanced budget.

FINANCE: Yeas: Lynch, Grebner, Dedden, Thomas, Minter

Nays: None Absent: De Leon Approved 1/21/04