Regular 2.
Regular City Council Meeting
- Meeting Date:
- 09/14/2015
- TITLE
- Public Hearing and Resolution for FY15 Budget Amendments
- PRESENTED BY:
- Patrick M. Weber
- Department:
- City Hall Administration
Presentation:
PROBLEM/ISSUE STATEMENT
Montana Code allows local governments to amend their fiscal year budgets by using the same method as used for the original budget adoption: public notice, public hearing and Council adopting a resolution.
The City must accrue the payroll earned in FY15 but not paid until FY16 per governmental accounting standards. The FY15 accrual was larger than most years, causing a couple operations to go over budget.
0100-43210-Code Enforcement
Code Enforcement is over budget due to a non cash payroll accrual transaction required by Governmental Accounting Standards. State Law requires the City to do a budget amendment.
0100-Parks Recreation and Public Lands
PRPL is over budget due to a non cash payroll accrual transaction required by Governmental Accounting Standards. State Law requires the City to do a budget amendment.
The City must accrue the payroll earned in FY15 but not paid until FY16 per governmental accounting standards. The FY15 accrual was larger than most years, causing a couple operations to go over budget.
0100-43210-Code Enforcement
Code Enforcement is over budget due to a non cash payroll accrual transaction required by Governmental Accounting Standards. State Law requires the City to do a budget amendment.
0100-Parks Recreation and Public Lands
PRPL is over budget due to a non cash payroll accrual transaction required by Governmental Accounting Standards. State Law requires the City to do a budget amendment.
ALTERNATIVES ANALYZED
The Council may: Approve the requested budget amendments; or Not approve the requested budget amendments, which would put the City in violation of Montana Code Annotated.
FINANCIAL IMPACT
The requested budget amendments will be funded by current revenues or reserves.
RECOMMENDATION
Staff recommends that the City Council conduct a public hearing and approve the resolution approving and adopting the budget amendments for Fiscal Year 2014/2015.