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<br />~ð,A- .Q <br /> <br />') <br /> <br />Note: Of the net change In fund balance of $5,802,495, only ($97,505) represents true <br />financial Impact to the City, as the $8,500,000 net change In the capital outlay fund <br />reflects a transfer In from the Redevelopment Agency, and the $2,600,000 net change <br />In the Redevelopment Agency Fund represents a land donation to the capital outlay <br />fund. <br /> <br />Alternative <br />Should the Council elect not to approve all or any of these recommended adjustments, the <br />consequences will vary depending upon the circumstances surrounding each specific line <br />item. If Council has previously approved an item in concept then an expenditure or <br />commitment may have already been made and the program or project budget will then be <br />over-expended. If the recommended adjustment concerns a grant then staff will be unable <br />to utilize the grant. In other situations, staff will need to forego the underlying action. <br /> <br />Fiscal Impact <br />These revisions are necessary to transfer or formally appropriate funds to implement many <br />projects and issues that the Council has already approved. Sufficient resources are <br />available within the unreserved fund balance in the respective funds or will be made <br />available through grants or increased revenues that will be received this fiscal year to <br />support these recommended appropriations. <br /> <br />. --~~~~---~ . <br /> <br />111 p~ <br /> <br />C/j~~ <br /> <br />Edward Everett <br />City Manager <br /> <br />Alison Freeman Brian Ponty <br />Financial Services Manager Director of Finance <br />and Financial Planning <br /> <br />~ <br /> <br />f <br />. <br />> <br />,', <br /> <br />~ <br />r <br />: <br />r <br />r <br />r <br />t <br />,. <br />/ <br /> <br /> <br />t:: <br />r. <br /> <br />: <br />, <br />