Ord 13-52
Ord 13-52
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 09/19/2018
- Title:
- Amend the fiscal year 2017/2018 budget
- Submitted For:
- Laura Boyd
- Submitted By:
- Laura Boyd, Finance
- Department:
- Finance
Information
ACTION REQUEST (Brief Summary)
Consider approval of a request to amend the fiscal year 2017-2018 budget.
BACKGROUND
With the increase in utility fund revenues from reduction of expenses and 2017 rate adjustments, the Utility Fund is in the financial position to be able to pay back some of what has been borrowed from the General Fund over the last few years. A budget amendment is required for this payment of $1,000,000.00.
This is the second $1,000,000.00 payment from the Utility Fund this fiscal year.
ANALYSIS
Budget Amendment:
Utility Fund-Fund 501
Water/Sewer Fund reduce payable to General Fund by $1,000,000.00
General Fund-Fund 101
Interfund Receivable with Utility Fund reduced by $1,000,000.00
Utility Fund-Fund 501
Water/Sewer Fund reduce payable to General Fund by $1,000,000.00
General Fund-Fund 101
Interfund Receivable with Utility Fund reduced by $1,000,000.00