Agenda - Council - 10/12/1999 - Laserfiche WebLink

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1999 BUDGET AMENDMENTS By: Diana Lund, Finance Officer Background: Annually the City Council authorizes budget amendments by resolution and by motion in the case of salary adjustments and miscellaneous expenditures. These amendments will incorporate Council approved transfers, 1998 year-end expenditure reserves, and staff requests. A description of each amendment is as such: The Council approved transfers on May 25, 1999, included the hiring of Timesavers, for additional minute taking at Council meetings, reclassification of staff members, etc. (a copy of May 25 expenditures is attached). The 1998 year-end expenditure reserves is those capital items which were budgeted for in 1998, but were not purchased in 1998. These funds were placed in the General Fund reserves with the funds to be used for designated purchases in 1999 (Copy of Excess Revenue Transfer with Encumbered Expenditures held in reserves hi-lighted is attached) Staff requests are recommendations by departments to offset over-budgeted line items with other line items that are under budget. There is no overall increase in expenditures pertaining to the staff requests. These amended numbers are what will be presented in the monthly financial reports and other necessary amendments will be undertaken at year-end. The General Fund Budget is being amended at this time to reflect more accurately the actual expenditures of the City for ! 999. Only the expenditures of the 1999 budget will be amended at this time. 1999 budgeted revenues and any necessary additional adjustments to expenditures will be undertaken at a later date. Staff Recommendation: Approve attached Resolution #99-10-XXX Amending the 1999 General Fund Expenditures. Council Action: Adopt attached Resolution Authorizing 1999 Budget Amendment for the Purpose of Amending the City's General Fund Budget pertaining to expenditures.