File #: RES 16-0035    Version: 1
Type: Resolution Status: Agenda Ready
File created: 8/16/2016 In control: City Council
On agenda: 8/23/2016 Final action:
Title: #16-35 - Amending the 2016 City Budget to Reflect Final Property Tax Revenue Figures, Audited 2015 Carry-Forward Amounts, and Various Unanticipated Expenditures
Attachments: 1. Mid-Year Budget Resolution.pdf, 2. Schedule of Mid-Year Budget Revisions.pdf, 3. Mid-Year Budget Summary.pdf

ITEM TITLE: 

#16-35 - Amending the 2016 City Budget to Reflect Final Property Tax Revenue Figures, Audited 2015 Carry-Forward Amounts, and Various Unanticipated Expenditures

 

SUBMITTED BY: Brian Carlson, Finance Director

 

FISCAL NOTES: 

Expenditure Required: $3,023,329

Unencumbered Balance: $3,023,329

Funding Source: 2015 Carry-Forward; revised revenues and expenditures

 

RECOMMENDATION:

Approve Resolution #16-35 amending the 2016 City Budget to reflect final property tax revenue figures, audited 2015 carry-forward amounts, and various unanticipated expenditures.

 

 

SUMMARY STATEMENT:

The attached resolution reflects the budget revisions presented to council on August 9, 2016.  The Fire Department supplies request is further revised from $35,000 to $37,000 to reflect best estimate of the materials requested.  Staff has assumed that Council would consider the $2,000 increase to be non-material, and has therefore revised the August 9th figures accordingly. 

The attachments are a fund-level summary, and a line-item detail, respectively.