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1995 BUDGET AMENDMENTS <br />By: Jessie Hart, Finance Officer <br /> <br />Background: <br /> <br />Annually the City Council authorizes budget amendments by resolution and by motion and in the <br />case of salary adjustments and miscellaneous expenditures. Once the year is complete it is <br />customary to provide Council with a resolution "amending" budgets that had been formally <br />adopted as well as creating budgets for other funds based on Council's actions during the year <br />and actual activity levels. <br /> <br />Attached for your consideration is a resolution amending and creating the following budgets: <br /> <br />General Fund <br />Economic Development Authority Fund <br />Tax Increment Revolving Fund <br />Water Utility Fund <br />Sewer Utility Fund <br />Street Light Utility Fund <br />Recycling Fund <br /> <br />While the unaudited final report was not available as of the writing of this case, it is anticipated <br />that a draft for the all of the aforementioned funds, except the Tax Increment Revolving Fund, <br />will be handed out at the meeting. This report will simply mirror the actual activities for the <br />year. A more detailed report will be presented in the form of the final audited financial <br />statements. We anticipate that the final report will be presented at the second meeting in May. <br /> <br />Committee Action: <br /> <br />Approve and recommend Council adoption of the attached Resolution Authorizing Final Budget <br />Amendment for the Purpose of Amending the City's General Fund Budget and Certain Other <br />Budgets. <br /> <br />Reviewed By: <br /> <br />City Administrator <br />Finance Officer <br /> <br />FC: 3/26/96 <br /> <br /> <br />