RES 2021-0861 - 2022 Budget Resolution - 1% Lid City Clerk Office Use Only:
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RESOLUTION NO. C I;\J/-�// Agenda Date: g / / L��(JZ1
Department: 2!� C�X/,_
Submitter: I JICD1,��J�LL'
CITY OF OMAHA
LEGISLATIVE CHAMBER
Omaha, Nebraska
RESOLVED BY THE CITY COUNCIL OF THE CITY OF OMAHA:
WHEREAS, pursuant to Neb. Rev. Stat. §13-519, the City of Omaha is limited to
increasing its total of budgeted restricted funds to no more than the last prior year's
total of budgeted restricted funds plus population growth plus two and one-half
percent (2'/z %) expressed in dollars; and
WHEREAS, §13-519 authorizes the City of Omaha to exceed the foregoing budget limit
for a fiscal year by up to an additional one percent (1%) increase in budgeted restricted
funds upon the affirmative vote of at least 75% of the governing body; and
WHEREAS, the Annual Budget for Fiscal Year 2022 and Program for Municipal
Services in the Lid Computation Fiscal Year 2022 supported by the detail relating to
restricted revenue accounts, proposes an additional increase in budgeted restricted
funds of one percent (1%) as provided by the statute; and
WHEREAS, approval of the additional one percent (1%) increase in budgeted restricted
funds is prudent fiscal management, does not increase authorized expenditures, and
is in the best interests of the City of Omaha and its citizens.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
OMAHA:
THAT upon affirmative vote by more than 75% of the City Council, the budgeted
restricted funds for Fiscal Year 2022 shall be increased by an additional one percent
(1%) as provided by Neb. Rev. Stat. §13-519.
APPRO D AS,TO FORM:
•
AUG 1 7 2021 tp CITY ATTORNEY
Adopted: 1,
Attest:
City let
Approved:
Mayor