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REPORT <br />To the Honorable Mayor and City Council <br />From the City Manager <br /> <br />May 22, 2017 <br />SUBJECT <br />Fiscal Year 2016-17 Year End Appropriations, Estimated Revenue and Transfer <br />Revisions <br /> <br />RECOMMENDATION <br />Adopt a resolution appropriating and transfering certain funds for specified purposes to <br />conform the budgeted amounts to actual revenues or expenditures for transactions <br />which have occurred or are anticipated to occur during Fiscal Year 2016-17 <br /> <br />BACKGROUND <br />Council takes action throughout the year to change or modify the current-year operating <br />budget. In addition, staff monitors actual revenues and expenditures during the year and <br />makes updated projections and adjustments as appropriate. These changes are <br />presented to Council for approval twice a year. Fiscal Year 2016-17 mid-year <br />adjustments were approved by Council on February 27, 2017, and this agenda item <br />seeks Council approval of Fiscal Year 2016-17 year-end adjustments. <br />ANALYSIS <br />The following table summarizes recommended changes in appropriations for revenue, <br />transfers, and expenditures by fund. A detailed explanation of these revisions is <br />provided in the exhibits to the attached resolution (Exhibit A – Changes in Revenues <br />and Transfers In, and Exhibit B – Changes in Expenditures and Transfers Out). <br />Summary of Recommended Budget Changes by Fund Type <br /> <br />FUND REVENUES AND <br />TRANSFERS IN <br />EXPENDITURES AND <br />TRANSFERS OUT <br />NET CHANGE IN FUND <br />BALANCE <br />General Fund $90,805 $380,468 ($289,663) <br />Special Revenue Funds $4,000,000 $4,158,951 ($158,951) <br />Capital Projects Funds ($4,000,000) ($4,000,000) - <br />Enterprise Funds ($123,337) $5,000 ($128,337) <br />Internal Services Funds - $185,000 ($185,000) <br />Total Revisions ($32,532) $729,419 ($761,951) <br />6.3.C. - Page 1