HomeMy WebLinkAbout16740 1 RESOLUTION NO. 16,740
2
3 A RESOLUTION TO AUTHORIZE THE CHIEF FINANCIAL OFFICER
4 TO ALLOCATE EXCESS FUND BALANCE TO VARIOUS SPECIAL
5 PROJECTS AS OUTLINED BELOW, TOTALING $8,450,000.00 FROM
6 THE EXCESS FUND BALANCE SPECIAL PROJECT (S10A237); AND
7 FOR OTHER PURPOSES.
8
9 WHEREAS, from time to time the City of Little Rock has a fund balance which exceeds its policy
10 requirements and has allocated those funds to the Excess Fund Balance Special Project(S10A237)for use
11 on future capital improvements; and,
12 WHEREAS, the City has funded a project with excess fund balances on two separate occasions in
13 2013 and again in 2022 as shown in Appendix A; and,
14 WHEREAS, the City wishes to allocate the remaining funds in the project to fund future projects as
15 outlined in Appendix A,
16 NOW,THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
17 OF LITTLE ROCK,ARKANSAS:
18 Section 1. The City manager is authorized to assure that fund balances are modified as set forth in
19 Exhibit A.
20 Section 2.Funds for these projects are allocated in the Excess Fund Balance Special Project(S 10A237).
21 Section 3.Severability.In the event any title,section,paragraph,item,sentence,clause,phrase,or word
22 of this resolution is declared or adjudged to be invalid or unconstitutional,such declaration or adjudication
23 shall not affect the remaining portions of the resolution which shall remain in full force and effect as if the
24 portion so declared or adjudged invalid or unconstitutional was not originally a part of the resolution.
25 Section 4. Repealer. All laws,ordinances,resolutions,or parts of the same,that are inconsistent with
26 the provisions of the is resolution, are hereby repealed to the extent of such inconsistency.
27 ADOPTED: June 17,2025
28 ATTEST: APPROVED:
29
30 �)v-L— g„ '
31 Allison Segars,Ci erk Frank Scott,Jr.,Mae
32 APPROVED AS TO LEGAL FORM:
33
34 A4 •
35 Thomas M.Carpenter,City Aft ey
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1 APPENDIX A
Special Project:S10A237-Excess Fund Balance
Proposed Allocations
Project Amount
Micro Home Village $2,000,000.00
Solar Facility $1,000,000.00
Summer Youth Employment $500,000.00
Oakland Fraternal Cemetery $150,000.00
Fire Capital Improvements $2,500,000.00
Zoo Improvements $500,000.00
Bridge Lighting $1,800,000.00
Total Proposed Allocations $8,450,000.00
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