Title
City Commission Contingency Funds Disbursement Guidelines Referral (B)
explanation
On July 28, 2008, the City Commission referred the issue of disbursement guidelines for City Commission Contingency Funds for non-profit and private organizations to the Audit, Finance and Legislative Committee.
As a starting point for the Committee's discussion of this issue, attached is the current City Commission Contingency Funding Allocation Policy from Legislative File #050167. This policy was developed within the Personnel & Organizational Structure Committee and approved by the City Commission on October 9, 2006.
Recommendation
The Audit, Finance and Legislative Committee is maintaining this referral in committee and will return to the City Commission with a recommendation for a new Contingency Funding Allocation Policy. In the interim, the Committee recommends the City Commission adopt a moratorium for the first six months of fiscal year 2009 on the allocation of City Commission contingency funds.