Laserfiche WebLink
Approve appropriation adjustment to carryover unspent amounts from <br />Fiscal year 2021-22 to fiscal year 2022-23. <br />September 20, 2022 <br />Page 2 <br />2 <br />9 <br />4 <br />6 <br />$22.9 million of the total $418.9 million in carryover requests, and the remainder is <br />restricted funds. The list includes the accounting unit, project description, status, and <br />amount. All requests were reviewed with City departments and analyzed to ensure the <br />unspent budget is available at the accounting unit and fund levels and the allocation is <br />non-recurring. <br />Each amount on the list includes the amount available one month after the end of FY <br />2021-22. Staff continues to pay FY 2021-22 invoices through the end of August and <br />complete the reconciliation of accounts in October. The FY 2021-22 ledger will not be <br />final and closed until the financial statements have been audited in November. Therefore, <br />the requested carryovers are “maximum” amounts. The actual amounts processed for <br />carryover will be limited to the available budget once the FY 2021-22 ledger is closed and <br />is summarized by the fund (Exhibit 2). Staff will update FY 2022-23 revenue estimates for <br />reimbursement grants tied to carryover amounts (i.e., CDBG) to reflect reimbursement <br />timing. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />No fiscal impact is associated with the recommended actions to carry over unspent <br />appropriations. The previously authorized expenditures will be spent in a later period, <br />which only impacts the timing of cash flow. <br />EXHIBIT <br />1. List of requests to carryover unspent appropriations <br />2. List of requests to carryover unspent appropriations by fund <br />Submitted By: Kathryn Downs, FMSA Executive Director <br />Approved By: Kristine Ridge, City Manager