CITY of ALBUQUERQUE
TWENTY-SECOND COUNCIL
COUNCIL BILL NO. C/S R-17-186 ENACTMENT NO. ________________________
SPONSORED BY: Don Harris, Ken Sanchez, Klarissa Pe?a, Brad Winter
RESOLUTION
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C/S Appropriating Funds For Operating The Government Of The City Of Albuquerque For Fiscal Year 2018, Beginning July 1, 2017 And Ending June 30, 2018; Adjusting Fiscal Year 2017 Appropriations; And Appropriating Capital Funds (Harris, Sanchez, Pe?a, Winter)
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APPROPRIATING FUNDS FOR OPERATING THE GOVERNMENT OF THE CITY OF ALBUQUERQUE FOR FISCAL YEAR 2018, BEGINNING JULY 1, 2017 AND ENDING JUNE 30, 2018; ADJUSTING FISCAL YEAR 2017 APPROPRIATIONS; AND APPROPRIATING CAPITAL FUNDS.
WHEREAS, the Charter of the City of Albuquerque requires the Mayor to formulate the annual operating budget for the City of Albuquerque; and
WHEREAS, the Charter of the City of Albuquerque requires the Council to approve or amend and approve the Mayor's budget; and
WHEREAS, appropriations for the operation of the City government must be approved by the Council.
BE IT RESOLVED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
Section 1. That the amount of $43,875,000 is hereby reserved as the Operating Reserve Fund for the City of Albuquerque for Fiscal Year 2018. In addition, the amount of $840,000 is reserved for a potential runoff election. In the event that the runoff is necessary, $840,000 is hereby unreserved and a contingent appropriation is made in the Office of the City Clerk Program to pay for the runoff election. In the event that the runoff election does not happen, $840,000 is hereby unreserved and a contingent appropriation is made in City Support, Transfer to Vehicle/Equipment Replacement Fund (730), for vehicles.
Section 2. The amount of $7,155,000 is hereby reserved in the General Fund for employee labor negotiations. The amount reserved is comprised of: $1,620,000, which is equal to a 1% wage increase for AFSCME union employ...
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