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A resolution appropriating the amount of $100,000 from the General Fund Reserve Fund for the purchase of equipment and building repairs for various departments of The Metropolitan Government of Nashville and Davidson County.
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BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. There is hereby appropriated the sum of $50,000.00 from the General Fund Reserve Fund for Fairgrounds Nashville for equipment.
Section 2. There is hereby appropriated the sum of $50,000.00 from the General Fund Reserve Fund for the Nashville Public Library for equipment.
Section 3. As required by Ordinance No. 086-1534, information justifying the appropriations is set forth in the "General Fund Reserve Fund (4% Fund) Information Sheets" attached hereto and incorporated herein by reference.
Section 4. Where applicable, the Purchasing Agent shall procure equipment and repairs specified in the attachments in accordance with the established purchasing procedures; provided that purchases of computer equipment and software hereunder shall be based upon a recommendation from the appropriate department and the Information Systems Director.
Section 5. The Director of Finance may schedule acquisitions authorized herein to ensure an appropriate balance in the Fund.
Section 6. This resolution shall take effect from and after its adoption, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.
Agenda Analysis
Analysis
This resolution appropriates $100,000 from the General Fund Reserve Fund (4% Fund) to two departments for the purchase of equipment. Section 6.14 of the Metropolitan Charter requires that 4% of all the general fund revenue of the General Services District be set aside each year solely for the purchase of equipment and building repairs.
Ordinance No. O86-1534 and Section 5.04.015.F of the Metro Code require that allocations from the 4% Fund each be supported by information sheets, which...
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