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<br />R!PORT <br /> <br />6.3A <br />Page 1 <br /> <br />To the Honorable Mayor and City Council <br />From t"e Ci ~ Mana ef <br /> <br />February 23, 2009 <br /> <br />SUBJECT <br />Fiscal Year 2008/2009 Appropriation Revisions <br /> <br />RECOMMENDATION <br />Approve by resolution, appropriation and transfer of certain funds for specified purposes <br />to conform the budgeted amounts to actual expenditures approved for transactions, <br />which have occurred during Fiscal Year 2008/2009. <br /> <br />BACKGROUND <br />Council takes many actions throughout the year that change or modify the budget <br />approved at the beginning of each fiscal year. Moreover, grants and other revenues <br />may be received that were not anticipated when the budget was prepared. <br />Appropriations need to. be established so that staff may spend these grants and <br />revenues. Staff presents appropriation changes to Council for approval as appropriate, <br />generally twice a year. The following table summ.arizes recommended changes in <br />appropriations for revenue, transfers and expenditures by fund. A detailed explanation <br />of these revisions is provided in Attachments 2 (revenue changes) and 3 (expenditure <br />and transfer changes). <br /> <br />Summary of Recommended Budget Changes by Fund Type <br /> <br /> Net Change in <br /> Revenues Exoenditu res Fund Balance <br /> $ $ $ <br />General Fund 1,709,782 1 ,791 ,540 (81,758) <br />Special Revenue. <br />Funds 90,745 1 ,O26~286 (935,541 ) <br />Capital Projects Fund 150,000 150,000 -0- <br />Enterprise Funds 2,932,500 4,809,045 (1,876,545) <br />Agencv Funds -0- 129,242 (129,242) <br />Total Revisions 4,883,027 7,906, 113 (3,023,086) <br />