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CASE #8: <br />REAPPROPRIATION OF FEDERAL REVENUE SHARING FUNDS <br />FOR THE 1987 BUDGET <br />By: Noel Graczyk, Finance Officer <br />Background: <br />Enclosed is a memo to City Administrator Hartley which discusses the current <br />status of the City's Federal Revenue Sharing funds. At the present time the <br />City needs to appropriate the current Federal Revenue Sharing funds on hand <br />before September 30, 1987 or the funds must be returned. <br />In order to reappropriate the funds, the City must hold a public bearing with <br />notice that is published ten days before the hearing. The notice was published <br />on July 31, 1987 and the hearing will be held at this special meeting. <br />Observations: <br />When the 1987 budget was approved, all available Federal Revenue Sharing funds <br />were fully appropriated. The current need to reappropriate these funds has <br />resulted from the City not proceeding with appropriations established in the <br />budgets. <br />Recommendation: <br />Council should consider the discussion from the public hearing and <br />reappropriate the remaining Federal Revenue Sharing funds. After direction has <br />been set for the use of the funds, the Council will need to act on a resolution <br />amending the 1987 Budget. <br />Review Checklist: <br />Administrator <br />Attorney <br />Engineer <br />Community Development Director <br />X Chief of Police <br />Finance Officer <br />_ Public Works Superintendent <br />Other <br />