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recommended that the excess revenue be transferred to the capital projects pertaining to the Highway 47 and County Road #116 projects. (Recommendation is attached). During a Council worksession, it was presented by a TIF consultant that it would be best to fund such projects as the Highway 47 with TIF funds. These funds are restricted in its use in that they can only be used for public improvements. By allowing the Highway 47 capital project to transfer back to the General Fund $90,070, this would meet the budget amendment requirements. As stated above, if the majority of requested items had been known at the time of the 1998 budget adoption, the excess General Fund revenue transferred to the respectable capital project funds would have been decreased by this amount. Thus, the action taken on April 14, 1998 would need to be undone. In a separate action, at a subsequent date, Council will need to provide direction on whether/and or how to redistribute the excess revenue funds to a fund that is not as restricted in its uses. Staff Recommendation: Staff recommends that $90,070 be transferred from the State Highway 47 Capital Projects Fund to the General Fund to offset the costs of mid-year budget amendments and that the General Fund budget be amended as follows: Budget Increases: Personal Services Supplies Other Services & Charges Capital Outlay Total Increases. $39,510.00 640.00 9,720.00 40.200.00 $90,O7O.OO Based on the above, staff recommends Committee approval of this budget amendment. Committee Action: Recommend Council approval of Resolution 98-06- Mid-Year Budget Amendment. Approving Budget Amendment for the Reviewed by: City Administrator Finance Officer