Title
Consider/Discuss/Act on Ordinance Amending the Fiscal Year 2013-2014 Budget Mid-Year to Fund Additional Improvements, Projects and Increased Contractual Obligations
Summary
MEETING DATE: June 3, 2014
DEPARTMENT: Financial Services
CONTACT: Rodney Rhoades, Chief Financial Officer
RECOMMENDED CITY COUNCIL ACTION:
· Approval of ordinance.
ITEM SUMMARY:
· A mid-year budget amendment is recommended to fund additional improvements, projects and increased contractual obligations with excess reserve funds.
· The recommended amendments to the FY2013-14 budget total:
General Fund |
$731,700 |
Water Fund |
$190,000 |
Solid Waste Fund |
$304,129 |
GO Debt Service Fund |
$379,830 |
Capital Equip. Replacement Fund |
$500,000 |
BACKGROUND INFORMATION:
· An overview of the mid-year budget amendment was presented at the Council Work Session on May 5th.
FINANCIAL SUMMARY:
· The total appropriations for FY2013-14 for the City will increase.
BOARD OR COMMISSION RECOMMENDATION: None