TITLE
Recommendation to approve the Fiscal Year 2011 second 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, Attachment B for a recap of FY 11 General Fund Expenditure Budget Adjustments and Attachment C for a list of All-Years Carry-over Budget Adjustments.
This matter was reviewed by Assistant City Attorney Heather A. Mahood on April 15, 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 June 7, 2011 to enable the timely processing of payments.
FISCAL IMPACT
Airport
On August 10, 2010, the City Council approved a contract with Delmac Construction and Development, Inc., to make lighting, electrical, mechanical and storm drain system improvements to the Spring Street and Lakewood Boulevard tunnels, and also approved an appropriation increase of $1,025,156 in the Gas Tax Street Improvement Fund. Subsequently, the Airport requested and was awarded additional funding from the Department of Transportation when it was discovered that hazardous materials clean-up would increase contract costs. An appropri...
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