Title
Consider/Discuss/Act on Ordinance Amending the Fiscal Year 2013-2014 Budget to Re-appropriate Projects/Items Carried from Last Fiscal Year
Summary
MEETING DATE: January 21, 2014
DEPARTMENT: Financial Services
CONTACT: Rodney Rhoades, Chief Financial Officer
RECOMMENDED CITY COUNCIL ACTION:
· Approval of Re-appropriation ordinance.
ITEM SUMMARY:
· Items covered by this ordinance are projects or purchases that were originally budgeted in FY2012-13, but were not spent during the last fiscal year.
· Most of the items are projects that are in progress and invoices that were not received during FY2012-13.
· $2,833,128 in the General Fund is for end-of-year FY2012-13 one-time expenses previously discussed with Council during the budget workshop.
· Departments requested the items be re-appropriated in FY2013-14. These items total:
BACKGROUND INFORMATION:
· The City Charter states that "at the close of each fiscal year, the unencumbered balance of each appropriation shall revert to the fund
and shall be subject to future appropriation, but appropriations may be made in furtherance of improvements or other objects of work of the City which will not be completed within the current year".
· Funds that were budgeted and not used by the departments during the fiscal year are not available for their use unless appropriated in the ensuing fiscal year's budget.
FINANCIAL SUMMARY:
· The fund balances will not be affected as the items were budgeted in the previous fiscal year. The total appropriations for FY2013-14 for the City will increase.
BOARD OR COMMISSION RECOMMENDATION: None