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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originating Department: <br />Presented By: <br />Agenda Item No.: <br />9-22-11 <br />Council Date: <br />Finance <br />Gene Anderson <br />19. <br />9-26-11 <br />RECOMMENDED MOTION: <br />Not an action item (first reading) unless supermajority rule invoked. If rule is invoked: Move to approve an <br />ordinance amending FY 2010-11 budget ordinance to transfer funds from between line items to cover <br />expenditures in excess of the original budget. <br />POLICY ISSUE(S): <br />Fiscal Management <br />This annual year-end housekeeping ordinance increases certain departmental budgets to cover <br />anticipated expenditures. These increases are offset by decreasing other line items which have an <br />appropriation excess. The total fund budget is not being increased for the General Fund or the Capital <br />Projects Fund. However, the $6,850 excess expenditure in the Equipment Replacement Fund will have <br />to come from cash reserves. <br />BOARD/COMMISSION RECOMMENDATION: <br />None <br />EXHIBITS: <br />Ordinance <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$NA <br />❑ Department Report ❑ Resolution <br />Budgeted Amt. <br />$NA <br />❑ Presentation Z Ordinance <br />y'TD Actual <br />$NA <br />❑ Public Hearing ❑ Other <br />Acct. Name <br />NA <br />Acct. Number <br />NA <br />FISCAL NOTES: <br />None <br />REVIEWED AND APPROVED BY: <br />Z Administration E City Clerk ❑ Community Development ❑ EMS/IT E Finance ❑ Fire <br />❑ Municipal Court Z Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities <br />t'1 Revised 2/04/08 <br />City of Paris , - _ ►7( <br />