Laserfiche WebLink
Fiscal Year 2023-24 First Quarter Budget Report and Proposed Appropriation <br />Adjustments <br />November 7, 2023 <br />Page 5 <br />3 <br />8 <br />5 <br />5 <br />FISCAL IMPACT <br />If the City Council approves the recommended budget amendments, the updated <br />estimate of the General Fund balance at June 30, 2024 is as follows: <br />Staff recommends the following appropriation adjustments: <br />Ge ne ral Fund FY2023-24 Update d <br />Beginning Balance at July 1, 2023 109,372,864 <br />Revenue Es tim ate 400,408,670 <br />Appropriated Spending (413,614,484) <br />Pension Trus t Set-As ide (24,034,731) <br />Estimate d Ending Balance at June 30, 2024 72,132,319 <br />Less : 18% Res erve 72,073,561 <br />Estimate d Spe ndable Balance 58,758 <br />Fiscal <br />Year <br />Accounting Unit <br />– Account # <br />Fund <br />Description <br />Accounting Unit, <br />Account <br />Description <br />Amount <br />FY2022-23 Appropriation Adjustments <br />FY22-23 01110130-62300 General Fund <br />Finance- Treasury/ <br />Customer <br />Services, Contract <br />Services <br />($500,000) <br />FY22-23 01115330-62300 General Fund <br />Fire Suppression/ <br />EMS, Contract <br />Services <br />($500,000) <br />FY22-23 01117017-66220 General Fund <br />PWA-Service <br />Enhancement, <br />Improvements <br />Other Than <br />Building <br />$1,000,000 <br />FY2023-24 Appropriation Adjustments <br />FY23-24 01110130-62300 General Fund <br />Finance- Treasury/ <br />Customer <br />Services, Contract <br />Services <br />$280,500 <br />FY23-24 01111017-66220 General Fund <br />Library- Service <br />Enhancement, <br />Improvements <br />Other Than <br />Building <br />$400,000