TITLE
Recommendation to approve the Fiscal Year 2005 first quarter budget departmental and fund appropriation adjustments in accordance with existing City Council policy.
DISCUSSION
On September 7, 2004, the City Council adopted the Appropriations Ordinance governing City expenditures for Fiscal Year 2005 (FY 05). From time to time, changes in revenue or operating conditions call 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 for impacts to City funds.
This letter was reviewed by Chief Assistant City Attorney Heather A. Mahood on February 1, 2005. .
TIMING CONSIDERATIONS
The following requests for adjustments to FY 05 departmental and fund appropriations are necessary to reflect changes in operating conditions. Timely City Council action is requested to authorize the processing of payments.
FISCAL IMPACT
Community Development
The Fayade Improvement Program (FIP) allows Long Beach businesses to improve the aesthetics of their facilities through subsidized fayade design and construction services.
There are currently two FIPs offered through the Department of Community Development;
the first being funded through Community Development Block Grant (CDBG) funds and focuses on improvements to entire commercial blocks. The second FIP is funded by the Redevelopment Fund (RDA) with a transfer to the Business Assistance Fund (SR 149) and focuses on improvements to individual businesses.
Prior to FY 05, program oversight for both FIPs was provided primarily through the Economic Development Bureau, with one staff position s...
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