HomeMy WebLinkAbout3-96 RESOLUTION•
RESOLUTION NO. 3-96
A RESOLUTION APPROVING A BUDGET ADJUSTMENT TO
PAY THE INCINCERATOR SETTLE AGREEMENT
APPROVED BY THE COURT IN RE• BARNHART V. CITY OF
FAYETTEVILLE, ARKANSAS, CASE NO. E-89-1170.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1,. The Council hereby approves a budget adjustment decreasing Use of Fund
Balance, Acct. No. 1010 0001 4999 99 in the amount of $1,956,071 (making up the difference
for a total amount of $4,747,100), to pay the mcmcerator settle agreement approved by the court
In Re: Barnhart v. City of Fayetteville, Arkansas, et al., Case No. E-89-1170. A copy of the
budget adjustment is attached hereto marked Exhibit "A" and made a part hereof.
PASSED AND APPROVED this 9th day of January , 1996.
ATTESTS
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Traci Paul, City Clerk
APPROVED:
By:
Fred Hanna, Mayor
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Budget Year
1995
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City of Fayetteville, Arkansas
Budget Adjustment Form
Department: Public Works
Division: Solid Waste
Program: Opterations and Administration
Project or Item Requested: [t
Funds are requested to pay costs associated with the settlement
of the incinerator disengagement lawsuit — Barnhart vs City of
Fayetteville et al. The settlement agreement was accepted by
City Council on November 21, 1995 and approved by Chancery
Court on December 28, 1995.
Date Requested
December 28, 1995
EXHIBIT A
Adjustment #
Project or Item Deleted:
Funding proposed for this adjustment is from proceeds of the
incinerator disengagement fee, interest earnings and use of
General Fund fund balance.
Justification of this Increase:
The Arkansas Supreme Court decided Barnhart vs City of
Fayetteville et al in favor of Barnhart.
Justification of this Decrease:
Account Name Amount
Increase
Incinerator Disengagement Settlement 4,747,100
Transfer to Solid Waste Fund 1,956,071
Transfer from General Fund (1,956,071)
Account Name
Use of Fund Balance
Use of Fund Balance
Amount
Account Number
Project Number
5500 5000
5314 79
1010 6600
7602 50
5500 0950
6602. 01
Decrease
2,791,029
1,956,071
•
Account Number
Project Number
5500 0950
4999 99
1010 0001
4999. 99
Approval Signatures
Requed By
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Budget Office Use Only
Type: A BCD
Date of Approval
F
•
Posted to General Ledger
Entered in Category Log
Budget Office Copy
1