REPORT TO THE CITY COUNCIL
November 29, 2018
FROM: WILMA QUAN-SCHECTER, City Manager
Office of the Mayor & City Manager
BY: JANE SUMPTER, Assistant City Manager
Office of the Mayor & City Manager
SUBJECT
Title
Actions Pertaining to the FY 2019 Budget Update
1. ***RESOLUTION - 19th amendment to the Annual Appropriation Resolution (AAR) No. 2018-157 to appropriate $8,160,500 for operating programs and capital improvement projects citywide. (Requires 5 affirmative votes) (Subject to Mayor's veto)
Body
RECOMMENDATION
It is recommended that the City Council adopt the 19th amendment to the Annual Appropriation Resolution (AAR) No. 2018-157 that is needed to fund both General Fund and Community Development Block Grant expenses in the Council, Police (PD), Fire, Parks, After School, Recreation and Community Services (PARCS), Public Works, Development and Resource Management (DARM), and General City Purpose Departments.
EXECUTIVE SUMMARY
As a part of the fiscal year 2018 financial close, a reconciliation of revenues and expenditures was completed. The result reports an actual carryover that is $8.8 million higher than the estimated carryover of $9.5 million due to unanticipated net revenues of $4.5 million (or 1.3 percent) and expenditure/transfer savings of $4.3 million. After re-budgets to complete Council approved projects, the net unanticipated General Fund carryover is $7.2 million.
As was done last year, a year-end reconciliation has also been completed for Community Development Block Grant (CDBG) Fund. As a result, $1,035,000 needs to be re-budgeted to allow the Public Works Department the additional time needed to complete the Neighborhood Improvement Projects as well as allow PARCS to complete for various projects that were scheduled for FY 2018 but will not be done until this year. A schedule detailing the specific projects is attached.
BACKGROUND
Revenues
Net General Fund revenues were $344.3 million, approximately ...
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