4987272 RESOLUTION 20-483, "Fiscal Year 2014 Revised Budget Request Emergency Declaration Resolution of 2014"

 

 

 

 

 

A RESOLUTION

 

20-483

 

IN THE COUNCIL OF THE DISTRICT OF COLUMBIA

 

May 28, 2014

 

To declare the existence of an emergency with respect to the need to adjust certain allocations requested in the Fiscal Year 2014 Budget Request Act pursuant to the Omnibus Appropriations Act, 2009.

 

 

RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this

resolution may be cited as the "Fiscal Year 2014 Revised Budget Request Emergency Declaration Resolution of 2014".

 

Sec. 2. (a) On February 26, 2014, the Office of the Chief Financial Officer provided a revised revenue estimate which showed an increase of $2.7 million in Fiscal Year 2014. This revenue is bolstered by an additional $19.8 million from the December revenue estimate and

$49.0 million from the September revenue estimate.  These new revenues plus all other revenue sources provide a total of $6,334.1 million for Fiscal Year 2014.

(b)  In addition to these revenues there are also other resources which have been identified that, when netted out, provide an additional $33.8 million.  When combined with existing revenue there is $6,367.9 million available for expenditure.  Currently existing expenditures for Fiscal Year 2014 total $6,349.6 million, leaving $18.3 million un-allocated.

(c)  Along with this new un-allocated funding, the Mayor has also identified areas of savings.  These include $4.3 million from the D.C. Film Incentive Fund, $10.0 million from the DC Public Charter Schools, $20.7 million from the Other Post-Employment Benefits account, and $51.8 million from sweeping various local, dedicated, and o-type fund balances. When this

$86.8 million is combined with the $18.3 million, there is $105.l million available for expenditure as part of this emergency measure.

(d)  The Mayor has identified critical spending items that are being proposed in order to utilize these funds.  These include funds for the Housing Production Trust Fund, a Fire and Emergency Medical Services arbitration ruling, pumper and ladder repairs and testing, snow program, technology upgrades at the Metropolitan Police Department, streetscapes for Ward 8, Department of Corrections security cameras, DC Public Library books and materials, and the full repayment of all Fiscal Year 2014 Contingency Cash allocations. These expenditures total

$104.5 million leaving a Fiscal Year 2014 operating margin of $0.6 million.

 

 

 

 

 

Sec. 3. The Council of the District of Columbia determines that the circumstances enumerated in section 2 constitute emergency circumstances making it necessary that the Fiscal Year 2014 Revised Budget Request Emergency Adjustment Act of 2014 be adopted after a single reading.

 

Sec. 4. This resolution shall take effect immediately.