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Item No. 7 <br />memorandum <br />TO: City Council <br />John Godwin, City Manager <br />FROM: Gene Anderson, Finance Director <br />SUBJECT: PEDC 2014 -15 BUDGET AMENDMENTS <br />DATE: September 14, 2015 <br />BACKGROUND: The PEDC Board has requested that the following amendments to its <br />2014 -15 Budget be approved by the City Council as required by the PEDC bylaws. Attached to <br />this memo you will find a three column presentation of the current PEDC budget, the changes <br />requested, and the amended PEDC budget amounts. The changes are necessitated by use of <br />contract labor to replace staff member who had resigned, depot operation expenses, legal fees, <br />audit fees, funding for jobs training, and the purchase of land. <br />STATUS OF ISSUE: The PEDC Board has approved the changes and requests that the City <br />Council approve them as well. <br />BUDGET: These amendments do not increase the total PEDC budget. <br />RECOMMENDATION: Motion to approve the requested amendments to the 2014 -15 PEDC <br />budget. <br />