Regular 3.
Regular City Council Meeting
- Meeting Date:
- 02/28/2011
- TITLE
- 2nd Quarter FY2010/2011 Budget Amendments
- PRESENTED BY:
- Patrick M. Weber
- Department:
- City Hall Administration
Presentation:
PROBLEM/ISSUE STATEMENT
Second Quarter Budget amendments for Fiscal Year 2010/2011 are requested for the following:
The purpose for the Second Quarter of FY11 budget amendments is to provide budget authority to adjust the: Special Revenue Funds – Street and Traffic, Gas Tax, Storm Sewer, South Tax Increment Operating, Downtown Tax Increment Operating; and Capital Project Funds – Sidewalk and Curb District, Series 2000 Parks Improvements.
The purpose for the Second Quarter of FY11 budget amendments is to provide budget authority to adjust the: Special Revenue Funds – Street and Traffic, Gas Tax, Storm Sewer, South Tax Increment Operating, Downtown Tax Increment Operating; and Capital Project Funds – Sidewalk and Curb District, Series 2000 Parks Improvements.
ALTERNATIVES ANALYZED
The Council may:
- Approve the requested budget amendments; or
- Not approve the request budget amendments. If Council does not approve the amendments, what is the impact?
FINANCIAL IMPACT
The requested budget amendments will be funded by additional revenues or reserves, as described in Exhibit A.
RECOMMENDATION
Staff recommends that the City Council conduct a public hearing and approve the resolution approving and adopting the budget amendments for the second quarter of Fiscal Year 2010/2011.