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<br />~ 5, A -/ <br /> <br />REPORT <br /> <br />To the Honorable Mayor and City Council <br />From the City Manager <br /> <br />April 11, 2005 <br /> <br />Subject <br />Fiscal Year 2004/2005 Appropriation Revisions <br /> <br />Recommendation <br />It is recommended that the City Council introduce an ordinance by the affirmative vote of <br />five-sevenths (5/7ths) of all council members appropriating and transferring certain funds <br />for specified purposes in order to conform the budgeted amounts to actual expenditures <br />approved for transactions, which have occurred during fiscal year 2004/2005. <br /> <br />Background <br />The following are summaries of recommended changes in appropriations for both <br />revenues and expenditures by fund. A detailed explanation of these revisions is provided <br />in Attachments A (revenue changes) and B (expenditure changes). Council takes many <br />actions throughout the year that change or modify the budget. Moreover, grants and other <br />revenues are received that were not anticipated when the budget was prepared. <br />Appropriations need to be established so that staff may spend these grants and revenues. <br />Staff holds these changes and periodically presents the appropriation changes to Council <br />for approval. <br /> <br />Summary of Recommended Budget Changes by Fund <br /> Net Change in <br /> Revenues Expenditures Fund Balance <br /> $ $ $ <br />General Fund 592,592 640,097 (47,505) <br />Traffic Safety Fund 50,000 (50,000) <br />Capital Outlay Fund 11,300,000 2,800,000 8,500,000 <br />Federal Law Enforcement <br />Grant Fund 21,274 21,274 0 <br />Redevelopment Agency Fund 2,600,000 (2,600,000) <br />Water Utility Enterprise Fund 33,625,575 33,625,575 0 <br />Internal Services Fund 5,215 5,215 Q <br />Total Revisions ~ ~ ~ <br />