TITLE
Recommendation to approve the Fiscal Year 2014 first quarter departmental and fund budget appropriation adjustments in accordance with existing City Council policy. (Citywide)
DISCUSSION
On September 3, 2013, the City Council adopted the Appropriations Ordinance governing the City’s Adopted Budget for Fiscal Year 2014 (FY 14). 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 Summary of Proposed Adjustments of impacted City funds and Attachment B for a recap of FY 14 General Fund Expenditure Budget Adjustments.
This matter was reviewed by Principal Deputy City Attorney Christina Checel on January 15, 2014.
TIMING CONSIDERATIONS
The following requests for adjustments to FY 14 departmental and fund appropriations are necessary to reflect changes in operating conditions. City Council action is requested on February 4, 2014 to enable the timely processing of payments.
FISCAL IMPACT
Airport
On April 28, 2003, the Federal Aviation Administration approved the Long Beach Airport Department’s application for Passenger Facility Charges (PFC) funding for various capital improvements. Of the $30,306,984 approved on the application, $2,800,000 was requested for use to rehabilitate the pavement on Taxiway J West. An appropriation increase of $2,800,000 is requested for these expenditures and will be offset by PFC revenue.
· Increase appropriations in the Airport Fund (EF 320) in the Long Beach Airport Department (AP) by $2,800,000 offset by PFC revenue.
City Manager
Appropr...
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