REPORT TO THE CITY COUNCIL
November 3, 2016
FROM: BRUCE RUDD, City Manager
THROUGH: RENENA SMITH, Assistant City Manager
BY: JANE SUMPTER, Budget Manager
SUBJECT
Title
Actions Pertaining to the FY 2017 Budget Update for the General Fund.
1. ***RESOLUTION - 21st amendment to the Annual Appropriation Resolution (AAR) No. 2016-118 to appropriate $6,710,900 for operating programs and capital improvement projects citywide (Requires 5 affirmative votes)
2. ***RESOLUTION - 2nd amendment to the Position Authorization Resolution (PAR) No. 2016-119, adding three positions to the Development and Resource Management Department, effective November 3, 2016
Body
RECOMMENDATION
Staff recommends that the City Council 1) adopt the 21st amendment to the Annual Appropriation Resolution (AAR) No. 2016-118 to appropriate $6,710,900 for operating programs and capital improvement projects citywide; and 2) adopt the 2nd amendment to the Position Authorization Resolution No. 2016-119, adding three positions to the Development and Resource Management Department.
EXECUTIVE SUMMARY
As a part of the fiscal year 2016 financial close, the "true up" between revenues and expenditures was completed. The result reports an actual carryover that is $5.8 million higher than the adopted carryover of $4.2 million. The excess carryover is due to unanticipated net revenues of $5.2 million and expenditure savings of $571,500. After technical adjustments, noted below, the net carryover is $4.5 million.
In developing the recommendations outlined in this report, the Administration first acted on the spending priorities that were adopted by Council during the budget hearings in June 2016. Per motion 29, should the carryover exceed the budgeted amount of $4.2 million specific capital projects were to be funded. This spending plan, which is outlined below, is consistent with that motion.
In addition to the carryover, unanticipated revenue from the recent sale of the Boxcar parking lot is ...
Click here for full text