Laserfiche WebLink
REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />FEBRUARY 2, 2009 <br />TITLE: <br />APPROPRIATION ADJUSTMENTS TO <br />VARIOUS CITY ACCOUNTS <br />G~~~---- <br />CITY MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />^ As Recommended <br />^ As Amended <br />^ Ordinance on 1ST Reading <br />^ Ordinance on 2"d Reading <br />^ Implementing Resolution <br />^ Set Public Hearing For_ <br />CONTINUED TO <br />FILE NUMBER <br />Direct the City Manager and Director of Finance and Management Services to <br />make appropriation adjustments to the City's adopted FY 2008-09 General <br />Fund Budget as listed in Exhibit A. <br />DISCUSSION <br />In response to a faltering economy, the Mayor, Council, and Executive <br />Management Team have been working continuously to identify strategies to <br />ensure the City's current General Fund budget remains in balance. In <br />addition to developing reduction plans, each City department and agency has <br />conducted a review of its current budget allocation to determine line items <br />which may be reduced. A detailed listing of allocation adjustments by <br />department and account number is provided as Exhibit A. Most of the <br />adjustments involve eliminating funding for currently vacant positions, as <br />well as funding for supplies, contracts and other items where the funds are <br />no longer required for this fiscal year. Care has been taken to ensure <br />that the reductions do not affect basic operations for the remainder of <br />this fiscal year, which ends on June 30, 2009. <br />FISCAL IMPACT <br />Approval of the appropriation adjustments as listed in Exhibit A will <br />assist in reducing the General Fund deficit by $5,770,170. <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />,~ <br />Catherine andifo d Francisco Gutierrez <br />Assistant City Manager Executive Director <br />City Manager's Office Finance & Mgmt. Services Agency <br />65A-1 <br />