Submitted by: Ron Brooks
Submitting Department: Finance
Agenda Section: Consent
Item Title:
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FY21 General Fund Budget Adjustments and Transfer of Appropriations
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Suggested Action:
recommendation
I move that the Mayor and Council authorize the Treasurer to amend the FY21 General Fund Budget by adjusting and transferring available budget appropriations in various line-items and between departments and within previously approved FY21 General Fund Expenditures of $20.7 million to address year-end operational expenditures before June 30, 2021.
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Summary Background:
The City is approaching the end of the fiscal year on June 30,2021 and the administration is seeking to adjust and transfer as needed available FY21 budget appropriations in various line-items and between departments to address year-end operational expenditures. The aggerate total of adjustment and transfers cannot exceed the previously approved FY21 General Fund Expenditures of $20.7 million.
Next Steps:
To facilitate adjustments and transfers of FY21 budget appropriations as needed to address current operational expenditures before year-end June 30, 2021.
Fiscal Impact:
Adjustments and Transfers aggerate total cannot exceed the previously approved FY21 GF Expenditures of $20.7 million.
City Administrator Comments:
Recommends approval.
Community Engagement:
N/A
Strategic Goals:
Goal 1 - Ensure Transparent and Accessible Governance
Legal Review Required?
N/A