­ADOPTED - MARCH 27, 2007

Agenda Item No. 7

 

Introduced by the County Services and Finance Committees of the:

 

INGHAM COUNTY BOARD OF COMMISSIONERS

 

RESOLUTION TO APPROVE A DEFICIT ELIMINATION PLAN

FOR THE DRAIN GIS STUDY FUND

 

RESOLUTION #07-059

 

WHEREAS, an accounting deficit of $346,861 exists in the Drain GIS Study Fund as of December 31, 2006; and

 

WHEREAS, a Deficit Elimination Plan must be approved by the County Board of Commissioners and filed with the State of Michigan Local Audit Division. 

 

THEREFORE BE IT RESOLVED, that the Ingham County Board of Commissioners adopts the following as the Ingham County Drain GIS Fund Deficit Elimination Plan:

 

 

2007

2008

2009

2010

2011

2012

Fund Balance (Deficit) January 1

$(346,861)

$(215,861)

$(170,861)

$(125,861)

$(80,861)

$(35,861)

Special Assessment Revenues

   131,000

     45,000

     45,000

     45,000

   45,000

   35,861

Fund Balance (Deficit) December 31

$(215,861)

$(170,861)

$(125,861)

$(80,861)

$(35,861)

            0

 

BE IT FURTHER RESOLVED, that the Ingham County Controller/Administrator will submit the Deficit Elimination Plan to the Department of Treasury for certification.

 

COUNTY SERVICES:  Yeas:  De Leon, Tennis, Copedge, Nolan, Severino

     Nays:  None       Absent: Dougan      Approved 3/20/07

 

FINANCE:  Yeas:  Grant, Hertel, Soule, Dougan

   Nays:  None      Absent:  Grebner,  Celentino  Approved 3/21/07