Long Beach, CA
File #: 16-0557    Version: 1 Name: CD3-Budget Surplus Fund Transfer
Type: Agenda Item Status: Approved
File created: 6/13/2016 In control: City Council
On agenda: 6/21/2016 Final action: 6/21/2016
Title: Recommendation to increase appropriations in the General Fund (GF) in the Legislative Department (LD) by $9,928, offset by the Council District Three FY 15 office budget surplus to be used for community meetings, events, and public outreach efforts.
Sponsors: COUNCILWOMAN SUZIE A. PRICE, THIRD DISTRICT
Attachments: 1. 062116-R-12sr.pdf

TITLE

Recommendation to increase appropriations in the General Fund (GF) in the Legislative Department (LD) by $9,928, offset by the Council District Three FY 15 office budget surplus to be used for community meetings, events, and public outreach efforts.

 

DISCUSSION

Council District Three realized a savings of $9,928 from its FY 15 operating budget. In accordance with the City's "Procedures for Implementation of Divide by Nine Funding," Council District Three is requesting that its FY 15 budget savings be carried over to its FY 16 office budget from the Capital Projects Fund (CP) in the Public Works Department (PW) where it was placed. The amount specified will be utilized for community meetings, events, and public outreach.

 

FISCAL IMPACT

The increase of $9,928 for the Council District Three office budget consists of the Fiscal Year 2015 budget carryover amount.

 

SUGGESTED ACTION

Approve recommendation.

 

Respectfully Submitted,

SUZIE PRICE

COUNCILWOMAN, THIRD DISTRICT