Title
Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2021-2022 Annual Budget and Amending the 2022-2026 Capital Improvements Program to Provide Funds for the Municipal Complex Project (FC1707)
Summary
COUNCIL GOAL: Financially Sound Government
MEETING DATE: December 7, 2021
DEPARTMENT: Financial Services
CONTACT: Mark Holloway, Chief Financial Officer
RECOMMENDED CITY COUNCIL ACTION:
• Approval of ordinance.
ITEM SUMMARY:
• This Ordinance amends the Fiscal Year 2021-2022 Annual Budget and the 2022-2026 Capital Improvements Program to provide funding for land and services for the Municipal Complex Project (FC1707), to continue cash funding the project.
BACKGROUND INFORMATION:
• The recently adopted fiscal year 2021-2022 Annual Budget appropriated $2,000,000 in the Water/Wastewater Fund for the project. This amendment will now appropriate the funds in the 2022-2026 Capital Improvements Program for the Municipal Complex Project (FC1707).
FINANCIAL SUMMARY:
• This Ordinance amends the budget by appropriating $1,000,000 in the General Fund from fund balance and transferring it to the Facilities Improvement Fund and appropriating it in the Municipal Complex Project (FC1707).
• This Ordinance also amends the budget by transferring $2,000,000 from the Water/Wastewater Fund appropriations to the Facilities Improvement Fund and appropriating it in the Municipal Complex Project (FC1707).