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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />FEBRUARY 5, 2019 <br />TITLE: <br />RECEIVE AND FILE — FISCAL YEAR 2018-19 <br />MID -YEAR BUDGET UPDATE, VACANCY <br />REPORT; APPROVE APPROPRIATION <br />ADJUSTMENT <br />(STRATEGIC PLAN NO. 4, 1) <br />CITY MANAGER <br />RECOMMENDED ACTION <br />PW1011-.3rril <br />CLERK OF COUNCIL USE ONLY: <br />9-0-000411 <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on V Reading <br />El ordinance on 2nd Reading <br />❑ implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />1. Receive and file Mid -Year Budget Report, which includes the 2nd Quarter update and <br />Vacancy Report. <br />2. Approve an Appropriation Adjustment (Exhibit 1) for various adjustments to revenue and <br />expenditures in selected funds. <br />DISCUSSION <br />The purpose of this report is to provide a Mid -Year update of revenue estimates and significant <br />expenditure variances. The report also includes Mid -Year funding requests from Departments. <br />Please note the revised expenditure appropriations of $251.1 million (noted below) do not include <br />the impact for negotiated increases to employee compensation related to the Santa Ana Police <br />Officers Association. The negotiated increases and related fiscal impact are addressed in a <br />separate report on this same agenda. <br />A summary <br />the impact on fund balance follows. <br />65A-3 <br />in millions Original <br />Revised <br />Fiscal Year 2018-19 <br />Budget <br />at Midyear <br />Estimated Revenue <br />$ 254.1 <br />$ 262.6 <br />Transfers In <br />0.3 <br />0.3 <br />Appropriated Expenditures <br />(252.3) <br />(251.1) <br />Transfers Out <br />12.3) <br />(12.3 <br />Net General Fund Activity <br />$ 10.2) <br />$ (0.6)� <br />65A-3 <br />