60C - AA DEPT BUDGET TRANSFER - Laserfiche WebLink

Home Browse Search

Appropriation Adjustment to transfer General Fund budget between departments June 4, 2019 Page 2 At any meeting after the adoption of the budget, the City Council may amend or supplement the budget by motion adopted by the affirmative votes of at least two-thirds (213) of the members so as to authorize the transfer of unused balances appropriated for one purpose to another purpose, or to appropriate available revenue not included in the budget, except that the City Council shall not reduce that portion of the budget providing for the support of public recreation programs below the amount specified in section 607 of this article." Staff monitors the budget to ensure spending does not exceed appropriations. A recent analysis of General Fund expenditures suggests two departments will exceed FY18-19 budgeted appropriations. Staff recommends an appropriation adjustment to ensure budgetary compliance. STRATEGIC PLAN ALIGNMENT The recommended appropriation adjustment assists the City with meeting Goal #4, Objectives 1, and 3 — Maintain a stable, efficient and transparent financial environment; and maintain a structurally balanced budget with appropriate reserve levels. FISCAL IMPACT There is no net fiscal impact to the General Fund. The proposal would adjust the following accounting units by amounts up to the maximums listed. Department/Division Accounting Unit -Account Maximum Amount City Managers Office 01103010-61000 $450,000 Non -Departmental 01105015-65050 $300,000 Clerk of the Council 01107031-62300 $ 250,000 Public Works Agency/Traffic & Transportation 01117620-61000 $ 200,000 Public Works Agency/Sanitation 01117643-61000 $ 300,000 General Fund Net Fiscal Impact $0 APPROVED AS TO FUNDS AND ACCOUNTS: d-a-A Kathryn Down , CPA I-^^ Executive Director Finance and Management Services Agency 60C-2