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~ ~inutes CAS~ ~19: <br /> <br />A~ENDMENTS TO THE 1985 G~ERAI, FUND BUIX;ET <br />By: Hoel Graczyk, Finance Officer <br /> <br />Background: <br /> <br />During work on the closing entries for fiscal year 1985, it has become apparent <br />that there are various adjustments that need to be made at the end of the year <br />to the 1985 budget. These adjustments are made to transfer unused budget to a <br />different part of the budget where an unfavorable variance has resulted from <br />expenditures charged during the year. This transfer of bud&et from one line <br />item to another does not increase the overall size of the budget, but <br />reapportions already approved budget to areas where it was not possible to <br />anticipate all the expenditures. The budget is also amended to include <br />additional expenditures that have been approved by the Council in the past and <br />were to be covered by additional revenues collected by the City. The detail <br />for each of the individual budget adjustments, both for the line item to be <br />increased and the line item to be decreased, may be found with the proposed <br />budget amendment resolution. The resolution also includes an explanation as to <br />why the adjustment was needed and the funding sources available to allow for <br />the budget increase. As may be seen on the proposed resolution, the overall <br />general fund budget is increased $3,234.00 as a result of printing economic <br />development brochures that were charged to the planning division. This <br />expenditure was authorized with the understanding that Community Development <br />Block Grant funds would be available and in fact, during 1985, CDBG funds were <br />received. <br /> <br />Included in the reference material is the proposed resolution for your <br />information. <br /> <br />Observations: <br /> <br />These final adjustments to the 1985 budget are required for financial statement <br />presentation, and are consistant with budget changes allowed by the City <br />Charter. <br /> <br />Recommendation: <br /> <br />It is recommended that Council approve the proposed resolution to amend the <br />1985 general fund budget. <br /> <br />Review Checklist: <br /> <br />Administrator X <br />Attorney <br />Engineer <br />Community Bevelopment Dir. <br /> <br />Chief of Police <br />Finance Officer <br />Public Works Superintendent <br />Other <br /> <br /> <br />