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6.1.
Regular City Council Meeting
Meeting Date:
05/25/2021
Information
Agenda Item
Budget Ordinance Amendment 2nd Reading - Finance:
Consider Budget Ordinance No. 2021-O0053, Amendment 21, amending the FY 2020-21 Budget for municipal purposes respecting the General Fund to appropriate funding for Fleet Capital Improvements.
Item Summary
On May 11, 2021, the City Council approved the first reading of the ordinance.
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 - BA 21
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