TITLE
Recommendation to approve the Fiscal Year 2008 first quarter departmental and fund budget appropriation adjustments in accordance with existing City Council policy. (Citywide)
DISCUSSION
On September 11, 2007, the City Council adopted the Appropriations Ordinance governing City expenditures for Fiscal Year 2008 (FY 08). Throughout the year, changes in revenue or operating conditions create the need for appropriation adjustments. For example, in some cases these adjustments enable departments to expend newly received grant revenue for which there is no existing appropriation. In addition, changes for multi-year grants/projects are necessary to bring appropriations in line with final grant/project award amounts. In accordance with the City's practice, these adjustments are presented quarterly to the City Council for consideration. Please see Attachment A for a Fund Balance Analysis of impacted City funds.
This letter was reviewed by Assistant City Attorney Heather A. Mahood on January 25, 2008.
TIMING CONSIDERATIONS
The following requests for adjustments to FY 08 departmental and fund appropriations are necessary to reflect changes in operating conditions. City Council action is requested on February 12, 2008 to authorize the timely processing of payments.
FISCAL IMPACT
City Auditor
In the FY 08 Adopted Budget, the City Auditor's Office added a Senior Auditor to support audits in the Tidelands Areas. The position was inadvertently budgeted in the Tidelands Oil Fund instead of the Tidelands Operations Fund. As audits conducted may not be specifically related to oil operations, the position should be budgeted in the Tidelands Operations Fund to ensure that time is accounted for properly.
. Reduce appropriations in the Tidelands Oil Fund (NX 420) in the Department of the
City Auditor (AU) by $106,264.
ยท Increase appropriations in the Tidelands Operations Fund (TF 401) in the Department
of the City Auditor (AU) by $106,264.
Community Developme...
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