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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
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