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<br />6.3A <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 concerns 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 />~~+- <br /> <br />f311Z <br /> <br />Brian Ponty <br />Director of Finance <br /> <br />Gina Javier <br />Senior Accountant <br /> <br /> <br /> <br />Peter Ingram V <br />City Manager <br /> <br />ATTACHMENTS <br />1. Resolution <br />2. Changes in Revenues <br />3. Changes in Expenditures and Transfers <br /> <br />RELATED DOCUMENTS IN CITY CLE'RK'S OFFICE <br />None <br />