7345M v M M
RESOLUTION NO. 7,345 122
A RESOLUTION STATING THE INTENT OF THE
LITTLE ROCK BOARD OF DIRECTORS TO
REFRAIN FROM MAKING APPROPRIATIONS FOR
OPERATING PURPOSES UNTIL THE ADOPTION
OF THE 1986 BUDGET FOR THE CITY.
WHEREAS, the City is facing reduction or elimination of
federal funds received through the General Revenue Sharing
Program, the FAU Street Program, the Urban Mass Transit
Program, the Community Development Block Grant and Job
Partnership Training Act Programs;
WHEREAS, a specific level of state aid and
corresponding state service mandates for coming years is
uncertain;
WHEREAS, county government is seeking to restructure
the current system of local government financing;
WHEREAS, the overall impact of the shifts in
intergovernmental financing and service responsibilities
will have a major impact on the City's financial conditions;
and
WHEREAS, the City of Little Rock Board of Directors
wishes to preserve the fiscal integrity of the City.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS.
SECTION 1. The Board will refrain from making any
additional appropriations for operating
expenditures until it adopts the budget for 1986.
SECTION 2. The Board will make appropriations only for
capital or one time items.
SECTION 3. This resolution shall be in full force and
effect from and after its adoption.
ADOPTED: March 19, 1985 /j
ATTEST:
APPROVED: J
ty 20-3p ler ane Czech Mayor T omas A. Pri ce
k-9
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