TITLE
Recommendation to approve the Fiscal Year 2018 third departmental and fund budget appropriation adjustments in accordance with existing City Council policy. (Citywide)
DISCUSSION
On September 5, 2017, the City Council adopted the Appropriations Ordinance governing the City’s Adopted Budget for Fiscal Year 2018 (FY 18). 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, and Attachment B for a recap of FY 18 General Fund Expenditure Budget Adjustments.
This matter was reviewed by Deputy City Attorney Amy R. Webber on September 24, 2018.
TIMING CONSIDERATIONS
The following requests for adjustments to FY 18 departmental and fund appropriations are necessary to reflect changes in operating conditions. City Council action is requested on Ocotober 9, 2018, to enable the timely processing of budget adjustments.
FISCAL IMPACT
FY 18 Appropriation Adjustments
Airport
1. Increase appropriations in the Airport Fund (EF 320) in the Airport Department (AP) by $2,100,000 for the rehabilitation of Runway 12-30, offset by Airport operating revenues in funds available.
In November 2017, the Federal Aviation Administration and the Long Beach Airport (LGB) identified a critical need for resurfacing repair to a portion of the center of the main runway 12-30. All American Asphalt completed the majority of the work in May 2018, through the City’s annual asphalt contract. Project completion is antici...
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