TITLE
Recommendation to approve the Fiscal Year 2011 first quarter departmental and fund budget appropriation adjustments in accordance with existing City Council policy. (Citywide)
DISCUSSION
On September 14, 2010, the City Council adopted the Appropriations Ordinance governing the City’s Adopted Budget for Fiscal Year 2011 (FY 11). 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 11 General Fund Expenditure Budget Adjustments.
This letter was reviewed by Assistant City Attorney Heather A. Mahood on January 18, 2011.
TIMING CONSIDERATIONS
The following requests for adjustments to FY 11 departmental and fund appropriations are necessary to reflect changes in operating conditions. City Council action is requested on February 8, 2011 to enable the timely processing of payments.
FISCAL IMPACT
Fire
On February 9, 2010, the City Council approved a contract with Emergency Vehicle Group, Inc., of Anaheim, CA, for the purchase of five Advanced Life Support Ambulances and authorized the City Manager to execute a master lease-purchase agreement with Chase Equipment Finance, Inc., of Phoenix, AZ. The funds to cover the ambulance purchases were received from Chase Equipment Finance in September 2010, at which time the funds were reserved. An appropriations increase is necessary to release the funds to purchase the vehicles. Funds received in FY10 through the lease financing will offset the appropria...
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