TITLE
Recommendation to approve the Fiscal Year 2015 third departmental and fund budget appropriation adjustments in accordance with existing City Council policy. (Citywide)
DISCUSSION
On September 2, 2014, the City Council adopted the Appropriations Ordinance governing the City’s Adopted Budget for Fiscal Year 2015 (FY 15). 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 periodically throughout the year to the City Council for consideration. Please see Attachment A for a Summary of Proposed Adjustments of impacted City funds, Attachment B for a recap of FY 15 General Fund Expenditure Budget Adjustments and Attachment C for a summary of FY 15 Carryover budget adjustments for grants and capital projects of multi-year funds.
This matter was reviewed by Deputy City Attorney Amy R. Webber on August 27, 2015.
TIMING CONSIDERATIONS
The following requests for adjustments to FY 15 departmental and fund appropriations are necessary to reflect changes in operating conditions. City Council action is requested on September 15, 2015 to enable the timely processing of payments.
FISCAL IMPACT
Development Services
Increase appropriations in the General Fund (GF) in the Development Services Department (DV) by $57,000 for maintenance of the Promenade Maintenance District, offset by contributions from Promenade Parcel Owners.
The Development Services Department manages the Promenade Maintenance District (District), which ensures maintenance and repair of the Promenade between Ocean Boulevard and Third Street, excluding Promenade Square Park and Harvey Milk ...
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