ORDER-2015-57 : Appropriate $50,000.00 from Ambulance Retained Earnings (Certified Free Cash) to Ambulance, Reserve of Retained Earnings

Transcript (~1 min @ 1:47:18)

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▶ 1:47:00 John N. Tramontozzi: thank you thank you very good I will resubmit the motion then now we have a motion to recommend as amended by Alderman Mortimer second by Alderman Any further discussion, seeing none, on that motion, all in favor? Aye. The opposed, great. So that will be moved to the full board as recommended. So we will then proceed to backtrack to order 2015-57, appropriate $50,000 from ambulance retained earnings, certified free cash to ambulance reserve retained earnings.

▶ 1:47:37 Speaker 2: Yes sir, if I may, to the board.

▶ 1:47:44 Speaker 2: The, this request is being made to earmark $50,000 of what was certified from the Department of Revenue for the ambulance enterprise fund. And what will, the objective being at a minimum to keep $50,000 within their reserve. Right now they have $7,928, so that would add to that amount. would have 57,000 928 in the reserve if this is approved and it still leaves them with through the chair over $50,000 unrestricted revenue between now and the in June 30th in the event that a need does arise that they would have to go before this board and seek approval any any discussion seeing none we have a

▶ 1:48:36 John N. Tramontozzi: a motion to recommend by Alderman Medeiros, seconded by Alderman Inferno.