65A - CARRYOVER FUNDING TO FY - Laserfiche WebLink

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REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: SEPTEMBER 17, 2019 TITLE: APPROVE APPROPRIATION ADJUSTMENTS FOR CARRYOVER UNSPENT AMOUNTS FROM FISCAL YEAR 2018-19 TO FISCAL YEAR 2019-20 AND APPROPRIATE $4.0 MILLION OF ADDITIONAL REVENUE FOR FISCAL YEAR 18-19 (STRATEGIC PLAN NO.4, 1) CITY MA AGER RECOMMENDED ACTION CLERK OF COUNCIL USE ONLY: ❑ As Recommended ❑ As Amended ❑ Ordinance on 151 Reading ❑ Ordinance on 2n° Reading ❑ Implementing Resolution ❑ Set Public Hearing For CONTINUED TO FILE NUMBER Approve an Appropriation Adjustment to reduce the FYI 8-19 budget for unspent amounts to be carried over to FYI 9-20. 2. Approve an Appropriation Adjustment to increase the FY19-20 budget for amounts carried forward from FYI 8-19. 3. Approve an Appropriation Adjustment to move FY 19-20 budget in the Addressing Maintenance Enhancing Services (AMES) fund, from the Reserve Appropriations account to the appropriate accounts for expenditure. 4. Approve an Appropriation Adjustment in the amount of $4.0 million based upon the availability of Revenue within the General Fund (Fund 011) as follows: Roadway Maintenance ($2.0 million) for expenditure during FY 2018-19, Quality of Life Team (QOLT) to be carried to FY 19-20 for expenditure ($1.0 million), and additional Youth Spending via a transfer to the Cannabis Public Benefit Fund for expenditure during FY 19-20 ($1.0 million) DISCUSSION Carryover budgets from FY 18-19 It is common for a City to budget for non -recurring (one-time) expenditures, such as construction projects, which are not completed by the close of the fiscal year on June 30. When this happens, the City Council may 'carryover" the unspent budget from one fiscal year to the next to provide resources for project completion. We do not request carryover for recurring operating budget amounts, as each annual budget already includes provision for operational expenses. 65A-1