Long Beach, CA
File #: 17-1162    Version: 1 Name: FM - 4th Budget Adjustment
Type: Agenda Item Status: Approved
File created: 11/30/2017 In control: City Council
On agenda: 12/19/2017 Final action: 12/19/2017
Title: Recommendation to approve the Fiscal Year 2017 fourth departmental and fund budget appropriation adjustments in accordance with existing City Council policy. (Citywide)
Sponsors: Financial Management
Attachments: 1. 121917-R-18sr&att.pdf
TITLE
Recommendation to approve the Fiscal Year 2017 fourth departmental and fund budget appropriation adjustments in accordance with existing City Council policy. (Citywide)

DISCUSSION
On September 13, 2016, the City Council adopted the Appropriations Ordinance governing the City’s Adopted Budget for Fiscal Year 2017 (FY 17). Periodically, changes in revenue or operating conditions require mid-year 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 periodically throughout the year to the City Council for consideration. Please see Attachment A for a Summary of Proposed Adjustments of impacted City funds, Attachment B for a recap of FY 17 General Fund Expenditure Budget Adjustments and Attachment C for approved City Council Negotiated Agreements by department and fund.

This matter was reviewed by Deputy City Attorney Amy R. Webber on November 29, 2017.

TIMING CONSIDERATIONS
The following requests for adjustments to FY 17 departmental and fund appropriations are necessary to reflect changes in operating conditions. City Council action is requested on December 19, 2017, to enable the timely processing of payments.

FISCAL IMPACT
FY 17 Appropriation Adjustments

City Clerk

1. Increase appropriations in the General Fund (GF) in the City Clerk Department (CC) by $62,440, for Medical Marijuana Initiative election costs, offset by the release of funds set aside for this purpose in FY 17.

Measure MA is a Business License Tax on Marijuana Businesses that the residents of Long Beach approved on November 8, 2016. The City Clerk Department conducted the election and had sufficient appropriation to absorb most of the cost, e...

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