City of Long Beach - File #: 18-0907

• File #: 18-0907
• Version: 1
• Name: CD1 - Transfer of Funds
• Type: Agenda Item
• Status: Approved
• File created: 10/1/2018
• In control: City Council
• On agenda: 10/9/2018
• Final action: 10/9/2018
• Title: Recommendation to increase appropriations in the General Fund (GF) in the City Manager Department (CM) by $70,000, offset by the First Council District one-time infrastructure funds transferred from the Citywide Activities Department to support the 2018 Dia De Los Muertos Celebration; and Decrease appropriations in the General Fund (GF) in the Citywide Activities Department (XC) by $70,000 to offset a transfer to the City Manager Department.
• Sponsors: COUNCILWOMAN LENA GONZALEZ, FIRST DISTRICT

Date	Ver.	Action By	Action	Result
10/9/2018	1	City Council	approve recommendation	Pass

TITLE

Recommendation to increase appropriations in the General Fund (GF) in the City Manager Department (CM) by $70,000, offset by the First Council District one-time infrastructure funds transferred from the Citywide Activities Department to support the 2018 Dia De Los Muertos Celebration; and

Decrease appropriations in the General Fund (GF) in the Citywide Activities Department (XC) by $70,000 to offset a transfer to the City Manager Department. 

DISCUSSION

In accordance with the City’s “Procedures for Implementation of Divide by Nine Funding,” the First Council District is requesting that its one-time infrastructure funds be transferred to the Special Events Office in the City Manager Department to cover expenses for the event.

FISCAL IMPACT

The total appropriation increase of $70,000 in the General Fund (GF) in the City Manager’s Department (CM) is offset by a decrease of appropriation of one-time infrastructure funds in the General Fund (GF) in the Citywide Activities Department (XC).

SUGGESTED ACTION

Approve recommendation.

Respectfully Submitted,

LENA GONZALEZ

COUNCILWOMAN, FIRST DISTRICT