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<br /> .1 I . . I . ',. - <br /> REPORT' .C-I <br /> '- <br /> , . <br /> ")~;~rõth~<úôri":~"i~: <br /> '- <br /> April 12,2004 <br /> Subject <br /> Fiscal Year 2003/2004 Appropriation Revisions <br /> Recommendation <br /> It is recommended that the City Council introduce an ordinance by the affirmative vote of <br /> five-sevenths (5I7ths) of all council members appropriating and transferring certain funds <br /> for specified purposes in order to conform the budgeted amounts to actual expenditures <br /> approved for transactions, which have occurred during fiscal year 2003/2004. <br /> Background <br /> The following are summaries of recommended changes in appropriations for both <br /> revenues and expenditures by fund. A detailed explanation of these revisions is provided <br /> in Attachments A (revenue changes) and B (expenditure changes). Council takes many <br /> actions throughout the year that change or modify the budget. Moreover, grants and other <br /> revenues are received that were not anticipated when the budget was prepared. <br /> Appropriations need to be established so that staff may spend these grants and revenues. <br /> Staff holds these changes and periodically presents the appropriation changes to Council <br /> '- for approval. <br /> Summary of Recommended Budget Changes by Fund <br /> Net Change in <br /> Revenues ExDenditures Fund Balance <br /> $ $ $ <br /> General Fund 2,750,945 236,351 2,514,594 <br /> Capital Outlay Fund 10,187,361 10,187,361 0 <br /> Federal Law Enforcement <br /> Grant Fund 49,930 49,930 0 <br /> Transportation Grant Fund 208,435 (208,435) <br /> Enterprise Fund (288,828) (288,828) <br /> Workers' Compensation <br /> Insurance Fund 1,037,636 (1,037,636) <br /> Internal Service Fund 14.000 291.165 (277.165) <br /> I <br /> '- Total Revisions 12.713408 12.010.878 ~ <br />