TITLE
Recommendation to approve the Fiscal Year 2012 first quarter departmental and fund budget appropriation adjustments in accordance with existing City Council policy. (Citywide)
DISCUSSION
On September 6, 2011, the City Council adopted the Appropriations Ordinance governing the City’s Adopted Budget for Fiscal Year 2012 (FY 12). Periodically, changes in revenue or operating conditions require appropriation adjustments. For example, in certain cases these adjustments enable departments to expend recently awarded 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 and Attachment B for a recap of FY 12 General Fund Expenditure Budget Adjustments.
This matter was reviewed by Assistant City Attorney Heather A. Mahood on January 7, 2012.
TIMING CONSIDERATIONS
The following requests for adjustments to FY 12 departmental and fund appropriations are necessary to reflect changes in operating conditions. City Council action is requested on February 7, 2012 to enable the timely processing of payments.
FISCAL IMPACT
City Auditor
The City Auditor's budget includes monies from the Tidelands Fund to cover audit costs associated with work related to revenues and expenditures charged to the Tidelands area. For FY 12, due to Measure D oil revenue, there has been a significant increase to the Tidelands Fund which has increased the need for additional audits and reviews. The City Auditor's office is requesting $200,000 of on-going appropriation to fund Tidelands-related services.
· Increase appropriations in the Tidelands Operations Fund (TF 401) in the City Auditor Department (AU) by $200,000.
The City Auditor’s budget incl...
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