TITLE
Recommendation to approve the Fiscal Year 2016 fourth departmental and fund budget appropriation adjustments in accordance with existing City Council policy. (Citywide)
DISCUSSION
On September 15, 2015, the City Council adopted the Appropriations Ordinance governing the City’s Adopted Budget for Fiscal Year 2016 (FY 16). 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. By the City’s practice, these adjustments are presented to the City Council periodically throughout the year for consideration. Please see Attachment A for a Summary of Proposed Adjustments of impacted City funds and Attachment B for a recapitulation of FY 16 General Fund Expenditure Budget Adjustments.
This matter was reviewed by Deputy City Attorney Amy R. Webber on November 17, 2016.
TIMING CONSIDERATIONS
The following requests for adjustments to FY 16 departmental and fund appropriations are necessary to reflect changes in operating conditions. City Council action is requested on December 6, 2016, to enable the timely processing of payments.
FISCAL IMPACT
Development Services
Increase appropriations in the General Grants Fund (SR 120) in the Development Services Department (DV) by $230,000 as a technical correction to align budget with actual expenses, offset by higher revenues received than budgeted.
Increase appropriations in the Housing Development Fund (SR 135) in the Development Services Department (DV) by $756,000 as a technical correction to align budget with actual expenses, offset by higher revenues received than budgeted.
The Development Services Department is making technical corrections to align budget with actuals in grants or pr...
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