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6.2.A. - Page 1 <br /> RE PO RT <br /> To the Honorable Mayor and City Council <br /> From the Cit Mana er <br /> February 11, 2013 <br /> SUBJECT <br /> Fiscal Year 2012/2013 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 2012-13. <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 /> ANALYSIS <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 Exhibit A— Changes in Revenues and Exhibit B — Changes in Expenditures. <br /> Summary of Recommended Budget Changes by Fund Type <br /> Net Change in <br /> Revenues Expenditures Fund Balance <br /> $ $ $ <br /> General Fund 1,037,001 2,065,577 (1,028,576) <br /> Special Revenue 611,000 731,000 (120,000) <br /> Funds <br /> Capital Projects 476,111 476,111 -0- <br /> Funds <br /> Enterprise Funds 10,820 311,894 (301,074) <br /> Total Revisions 2,134,932 3,584,582 (1,449,650) <br />