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<br />70 <br />Page 2 <br /> <br />ALTERNATIVES <br />Should the Council elect not to approve all or any of these recommended adjustments, <br />the consequences will vary depending upon the circumstances surrounding each <br />specific item. For example, if Council has previously approved an item in concept then <br />an expenditure or commitment may have already been made and the program or <br />project budget will then be over-expended. If the recommended adjustment qoncerns a <br />grant then staff will be unable to utilize the grant. In other situations, staff will need to <br />forego the underlying action. <br /> <br />FISCAL IMPACT <br /> <br />Some of these revisions are necessary to transfer or formally appropriate funds to <br />implement many projects and issues that the Council has previously approved. <br />Sufficient resources are available within the unreserved fund balance in the respective <br />funds or will be made available through grants or increased revenues that will be <br />received this fiscal year to support these recommended appropriations. <br /> <br />1311"- <br /> <br />Brian Ponty <br />Director of Finance and Financial Planning <br /> <br />~~~~ <br /> <br />Peter Ingram <br />Interim City Manager <br /> <br />ATTACHMENTS <br />1. (A) Changes in Revenues and Transfers <br />2. (B) Changes in Expenditures <br /> <br />RELATED DOCUMENTS IN CITY CLERK'S OFFICE <br />None <br />