TITLE
Recommendation to approve the Fiscal Year 2021 third departmental and fund budget appropriation adjustments in accordance with existing City Council policy. (Citywide)
DISCUSSION
On September 8, 2020, the City Council adopted the Appropriations Ordinance governing the City’s Adopted Budget for Fiscal Year 2021 (FY 21). 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. Other instances involve a contractual obligation or a City Council-initiated project or general operations that require appropriation adjustments to be made. In accordance with the City’s practice, these adjustments are presented periodically throughout the year to the City Council for consideration. On March 9, 2021, the City Council approved the first departmental and fund budget appropriations adjustments. On April 20, 2021, the City Council approved the second departmental and fund budget appropriations adjustments. This is the third departmental and fund budget appropriation adjustments request for FY 21. The detailed descriptions of the proposed adjustments are provided below, and Attachment A provides a summary of all proposed adjustments by fund.
Some of the proposed adjustments include the proposed use of funds available or operating reserves to offset expenditures with no identified funding source directly related to the use. For some of these adjustments, departments may be noting potentially higher than budgeted department-related revenues. For the General Fund, departmental revenues are typically used to balance the overall budget or create a surplus at year-end with the exception of an expense increase that directly results in increased ...
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