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.