Laserfiche WebLink
Fiscal Year 2022-23 First Quarter Budget Report and Proposed Appropriation <br />Adjustments <br />November 15, 2022 <br />Page 6 <br />3 <br />0 <br />7 <br />1 <br />FISCAL IMPACT <br />If City Council approves the recommended budget amendments, the updated estimate <br />of the General Fund balance at June 30, 2023 is as follows: <br />General Fund FY 2022-23 Updated <br />Beginning Balance at July 1, 2022 $113,509,544 <br />Revenue Estimate $391,552,940 <br />Appropriated Spending $(406,880,124) <br />Pension Trust Set-Aside $(7,748,811) <br />Estimated Ending Balance at June 30, 2023 $90,433,549 <br />Less: 18% Reserve $70,479,529 <br />Estimated Spendable Balance $19,954,020 <br />Staff recommends the following appropriation adjustments: <br />Fiscal Year Accounting Unit <br />– Account # <br />Fund <br />Description <br />Accounting Unit, <br />Account <br />Description <br />Amount <br />FY 2022-23 01111017-61000 General Fund Library – Service <br />Enhancement $40,000 <br />FY 2022-23 01103010-61000 General Fund City Manager, <br />Salaries Regular $35,000 <br />FY 2022-23 01105015-62300 General Fund <br />General Non- <br />Departmental, <br />Contract Services- <br />Professional <br />$36,600 <br />FY 2022-23 01117621-62300 General Fund <br />Bus Shelter <br />Program-Service <br />Enhancement, <br />Contract Services- <br />Professional <br />$514,764 <br />FY 2022-23 01105015-62300 General Fund <br />General Non- <br />Departmental, <br />Contract Services- <br />Professional <br />$1,000,000 <br />FY 2022-23 01117611-Various General Fund <br />Construction <br />Engineering, <br />Various Accounts <br />$1,657,000