TITLE
Recommendation to approve the Fiscal Year 2010 third quarter departmental and fund budget appropriation adjustments in accordance with existing City Council policy. (Citywide)
DISCUSSION
On September 15, 2009, the City Council adopted the Appropriations Ordinance governing the City’s Adopted Budget for Fiscal Year 2010 (FY 10). 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 practice, these adjustments are presented quarterly to the City Council for consideration. Please see Attachment A for a Fund Balance Analysis of impacted City funds and Attachment B for a recap of FY 10 General Fund Expenditure Budget Adjustments.
This matter was reviewed by Assistant City Attorney Heather A. Mahood on July 20, 2010.
TIMING CONSIDERATIONS
The following requests for adjustments to FY 10 departmental and fund appropriations are necessary to reflect changes in operating conditions. City Council action is requested on August 17, 2010 to enable the timely processing of payments.
FISCAL IMPACT
Airport
On an annual basis, the Airport Department will budget operating funds in the Airport Capital Improvement Program to be able to provide matching grant funds, accomplish required design for projects to be able to apply for Federal Aviation Administration (FAA) grants, and have available budget to make emergency facility and airfield repairs at the Airport. As projects have been completed, unused excess appropriation has accumulated. In addition, a $6,710,000 reserve the Airport was required to establish as part of its 2009 Senior Airport Revenue Bond has reduced amounts available to spend; hence, a decrea...
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