TITLE
Recommendation to approve Fiscal Year 2006 fourth quarter departmental and fund budget appropriation adjustments in accordance with existing City Council policy. (Citywide)
DISCUSSION
On September 13, 2005, the City Council adopted the Appropriations Ordinance governing City expenditures for Fiscal Year 2006 (FY 06). From time to time, changes in revenue or operating conditions call for appropriation adjustments. For example, in some cases these adjustments enable departments to expend newly received 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 06 General Fund Budget Adjustments.
This letter was reviewed by Assistant City Attorney Heather A. Mahood on September 11, 2006.
TIMING CONSIDERATIONS
The following requests for adjustments to FY 06 departmental and fund appropriations are necessary to reflect changes in operating conditions . City Council action is requested on September 19, 2006 to authorize the timely processing of payments.
FISCAL IMPACT
City Clerk
The City Clerk Department is requesting to increase appropriations in the General Fund in order
to pay an invoice for the Los Angeles County Registrar Recorder for the Primary Nominating
Elections in April 2006 . This amount is included in the department's FY 06 estimates to close.
• Increase appropriations in the General Fund (GP 100) in the City Clerk's Office (CC) by $203,000.
Community Development
The Redevelopment Agency is requesting to increase appropriations to cover property purchases on behalf of the Long Beach Housing Development Company (LBHDC). LBHDC has funded the acquisition of these sites, a...
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