AgdaPkt 2009-01-12 clsd and reg - Laserfiche WebLink

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.. . . .., I . . . . REQUIRED .SUPPLEMENT ARY INFORMATION I . .. . . . . . . . . . . . : .:N,OTE 1 -:-BUDGETS:AND BUDGETAR"Y ACCOUNTING . . . :. , Fonnal budgetary inteb'f~tion is employed as a management control device during,the Year for. the general.: ".fund. special revenue funds; debt service funds, and capital projects funds. ' . , . . : . '.' '. '. . . :Budgets.aTe adopted o~ a basis consistent-with. generally.accepted accounting prin~iples (GAAIh for the .,. general, special revenue, and debt service funds. Capital projectS funds' budgets are. adopted pn a project length basj~and arc not presented here. : : . " .. . . . ... ;' .: . . . . . . . ," ~.. . . . . :'-:.The City'Manager submits a recommended operating. budget .in.,l\1ay eachy~at to the City Council for the, . :. fiscal year commencing the following July 1, showing proposed expenditures by programs and the means , of fmancing them~ ,. . i. . ", . . , . . :. . . The City Council.conducts bu.dget study sesSions, which are open for public comment, before adopting the. budget. Once the budget is ai;Jopted,expenditures may not; legally exceed appropriations at program level except when ,the .excess is': attributable to a particular activitY for whIch the Cityhas..been reimbursed. TIlls: :is especially.apparent in the Community. Development Program where developers . . reimburse the Gity through sub-division fees and environmental impact report fees. '. . . . .. ",' . . . . . . . . .' ... At tbe req~est of:the d'epartment h~d thro~gh the City Manager, the City C~uncjf ~y,. by'.resolution, transfer .appropriations between sub-programs and fllnds, but shall not chanBe tOlal appropriations. Any. increase. or decrease to the;total appropriations provided .for in the budget must be carried through by resolution passed:.by the City Council.. The City Manager. may authorize the transfer of funds between . .. .object.categories within 3: sub-program of a department. The adoption and adminjstrati011 of the Port pf ... Redwood City budget, unless'property taX revenues are. requested, is: exclusively under the control of the Board ofPott Commissioners..: ! . . .. ; Budgeted amounts. are as originally adopted, or as amended by the .:City Couilcilduring the fiscal.year. Individual amendments were'not ~a,terial in relation to the origirialappropriations., All unexpended appropriatio~s.la.pse at th~'eh~d ~f the fiscal year: Appropri~tions for capital projects or . appropriations that are encumbered are re-appropnatedand carri.ed over in the following year's budget. 63. . i;.. . . .. ~. ..._.... w ..:.~ ..