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6.3A <br /> Page <br /> REPORT <br /> To the Honorable Mayor and City Council <br /> From the City Manager <br /> February 7, 2011 <br /> SUBJECT <br /> Fiscal Year 2010/2011 Appropriation Revisions <br /> RECOMMENDATION <br /> Approve, by resolution, appropriation and transfer of certain funds for specified <br /> purposes to conform the budgeted amounts to actual expenditures approved for <br /> transactions, which have occurred during fiscal year 2010/2011. <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. <br /> Staff presents appropriation changes to Council for approval generally twice a year. <br /> The following table summarizes recommended changes in appropriations for revenue, <br /> transfers and expenditures by fund. A detailed explanation of these revisions is <br /> provided in Attachments 2 — Changes in Revenues and Attachment 3 — Changes in <br /> Expenditures. <br /> Summary of Recommended Budget Changes by Fund Type <br /> Net Change in <br /> Revenues Expenditures Fund Balance <br /> $ $ $ <br /> General Fund 2,111,183 2,078,910 32,273 <br /> Special Revenue <br /> Funds 19,088 104,490 (85,402) <br /> Capital Project Funds 141,700 141,700 -0- <br /> Enterprise Funds 3,384,392 3,384,392 -0- <br /> Total Revisions 5,656,363 5,709,492 (53,129) <br /> Employee Benefit Fund <br /> During fiscal year 2009/10, the City Council approved a trust arrangement with <br /> CaIPERS for the City's retiree health plan. After the initial deposit was made to <br /> CaIPERS, there was an approximate balance of $1.5 million remaining in the Employee <br /> Benefits Fund. The City's independent auditor required staff to notify City Council of the <br />