Consider approval of a request to amend the fiscal year 2018-2019 budget.

A budget amendment is needed to transfer funds from the General Fund (fund 101) to the Capital Equipment Replacement Fund (fund 602).  These two funds work together for the purchase of capital equipment and machinery.  Each Fund 101 department needing capital equipment purchases that equipment through Fund 602 and then makes annual payments from their General Fund budget so that when the equipment needs to be replaced, funds are available for that purpose.  A few years ago the General Fund departments only paid a portion of their annual fees to Fund 602.  This amendment of $2,000,000.00 is needed to help make up for what was not contributed in those years.

Funds will come from the General Fund's unassigned fund balance. 

Budget Amendment:

General Fund-Fund 101
Transfer to Other Funds increase of  $2,000,000.00

Capital Equipment Replacement Fund-Fund 602
Transfer from General Fund increase of $2,000,000.00