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8.3.
Regular City Council Meeting
Meeting Date:
05/11/2021
Information
Agenda Item
Budget Ordinance Amendment 1st Reading - Finance:
Consider Budget Ordinance Amendment 21, amending the FY 2020-21 Budget for municipal purposes respecting the General Fund to appropriate funding for Fleet Capital Improvements.
Item Summary
Amend the FY 2020-21 General Fund Operating Budget by increasing the transfer to Fleet Capital Improvement Projects (CIP) by $2,986,851 from $1,395,000 to $4,381,851 for a portion of the General Fund vehicles approved in the FY 2019-20 Capital Budget in (CIP) 92629, General Fund Vehicle Replacement FY 2019-20 Tax Note, and amend the Fleet Operating Budget by increasing the Transfer from General Fund by $2,986,851, from $1,395,000 to $4,381,851. The tax notes for the debt-funded vehicles were issued in General Fund, and this amendment will allow transfer of the debt proceeds for the vehicles purchased to-date in CIP 92629 to the Fleet CIP fund where the purchase was made.
Fiscal Impact
Included in Item Summary
Staff/Board Recommending
D. Blu Kostelich, Chief Financial Officer
Attachments
Ordinance
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