File #: 17-625    Name: FY17 Mid-Year Budget Update
Type: Agenda Item Status: Agenda Ready
In control: City Council Special Meeting
On agenda: 6/19/2017 Final action:
Title: Consider and Discuss Amending the Fiscal Year 2016-2017 Budget Mid-Year to Fund Additional Improvements, Projects and Increased Contractual Obligations
Attachments: 1. Draft Ordinance, 2. FY17 Mid Year Requests, 3. Presentation
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Title

Consider and Discuss Amending the Fiscal Year 2016-2017 Budget Mid-Year to Fund Additional Improvements, Projects and Increased Contractual Obligations

 

Summary

 

COUNCIL GOAL:                     Financially Sound Government

 

MEETING DATE:                     June 19, 2017

 

DEPARTMENT:                      Budget

 

CONTACT:                       Mark Holloway, Chief Financial Officer

 

 

RECOMMENDED CITY COUNCIL ACTION:                     

•                     Consider and discuss FY17 budget amendment recommendations.

 

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 FY2016-17 budget are as follows:

 

 

 

BACKGROUND INFORMATION: 

•                     N/A

 

FINANCIAL SUMMARY: 

•                     Total appropriation increases will be offset by overall forecasted revenue increases and decreases in other appropriated expenditures.

 

BOARD OR COMMISSION RECOMMENDATION:                     None