TITLE
Recommendation to approve the Second Fiscal Year 2014 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 financial policies, these adjustments are presented periodically 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 Amy Webber on July 21, 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 August 5, 2014 to enable the timely processing of payments.
FISCAL IMPACT
Library Services
The Long Beach Public Library (LBPL) has received revenue totaling $924,705. These funds are from the following sources: JetBlue payments in lieu of fines in the amount of $843,579 to enhance the collection purchases for the Main Library and eleven branch libraries; $25,000 from the estate of John Crews to enhance the collection in the Main Library; $10,000 and $5,000 from the Gutenberg and Slaybaugh Endowments, respectively, to enhance the collections at the Main Library; $22,500 from the LBPL Foundation to purchase large print and Braille books; and $18,626 from the LBPL Fou...
Click here for full text