File #: ID-501-17    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 12/12/2017 In control: City Council
On agenda: 12/19/2017 Final action:
Title: A RESOLUTION AMENDING CERTAIN ACCOUNTS IN THE GENERAL FUND AND CAPITAL IMPROVEMENT FUND; AND APPROPRIATING MONEY FOR EXPENDITURE IN THE AMOUNT OF TWENTY SIX THOUSAND FIVE HUNDRED DOLLARS ($26,500) AND ONE MILLION SIX HUNDRED EIGHT THOUSAND TWO HUNDRED SIXTY FOUR DOLLARS ($1,608,264), RESPECTIVELY
Attachments: 1. BA Reso- 3rd Qtr 2017

Body

Department of Finance

Reference:                     Amend the 2017 Budget

 

To:                                                               Mayor Richard N. McLean and Members of City Council

Through:                                          Philip Rodriguez, City Manager

Prepared By:                                          Jean Starr, Finance Director

Date Prepared:                     December 12, 2017

PURPOSE:  To amend the 2017 Budget for additional revenues and expenditures.

 

BACKGROUND/HISTORY: 

 

Since adoption of the 2017 budget, the City received various grants and entered into a transaction for leasing heavy equipment.  The proposed budget resolution will appropriate expenditures related to these transactions, as follows:

 

Revenues/Funding Sources:

 

Expenditures:

 

 

CRITERIA BY WHICH COUNCIL MUST CONSIDER THE ITEM:  All changes to the adopted budget must be made by a Supplemental Budget Appropriation or a Budget Re-Appropriation resolution.

BUDGET IMPACT:  Additional revenue and the 2017 heavy equipment leasing transaction provided funding sources for the expenditures appropriated in this amendment.

FOR COUNCIL’S CONSIDERATION:  Approve the budget amendments as presented, amend or deny.

STAFF RECOMMENDATIONS:  Approve the proposed 2017 supplemental budget resolution and appropriation.


ATTACHMENTS:

 

Draft Resolution