File #: 16-0460    Version: Name:
Type: Ordinance Status: Passed
File created: 4/15/2016 In control: City Council
On agenda: 4/26/2016 Final action: 5/10/2016
Title: Second Reading Ordinance - Mid-Year Budget Adjustment (1st Reading 4/26/16) Ordinance amending current Operating Budget adopted by Ordinance No. 030620 as follows: (a) reduce General Fund revenues $8,000,000 due to decline in sales tax, industrial district agreement payments in lieu of taxes, and municipal court revenues; (b) increase revenues in General Fund and other funds $1,400,000 to rebate funds contributed for Municipal Information Systems, Fleet, and Development Services; (c) transfer $312,765.83 from the General Liability Fund to various funds to rebate property insurance savings; (d) appropriate $500,000 unreserved fund balance in Fleet Services Fund No. 5110 for Fire Department equipment and increase expenditures by $500,000
Sponsors: Interim City Manager, Office of Management and Budget
Attachments: 1. Revised - Agenda Memo - FY 2016 Mid-Year Adjustment, 2. Ordinance - FY 2016 Mid-Year Adjustment, 3. Exhibit A - Internal Service Rebates, 4. Exhibit B - General Liability Insurance Rebate, 5. Presentation - Mid Year Budget Adjustment

Title

Second Reading Ordinance - Mid-Year Budget Adjustment (1st Reading 4/26/16)

 

Ordinance amending current Operating Budget adopted by Ordinance No. 030620 as follows: (a) reduce General Fund revenues $8,000,000 due to decline in sales tax, industrial district agreement payments in lieu of taxes, and municipal court revenues; (b) increase revenues in General Fund and other funds $1,400,000 to rebate funds contributed for Municipal Information Systems, Fleet, and Development Services; (c) transfer $312,765.83 from the General Liability Fund to various funds to rebate property insurance savings; (d) appropriate $500,000 unreserved fund balance in Fleet Services Fund No. 5110 for Fire Department equipment and increase expenditures by $500,000