Title
A Resolution to Amend FY 2018 City Budgets
Summary
Description of Topic:
A Resolution to Amend City’s FY 2018 Budgets for Various reasons
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $_____________ from Account #______________ to Account #_____________.
__X__ Not budgeted requiring increase to account #__See Below_____ in the amount of $____________.
Capital - Departmental
____ Budgeted under account #______________ for $___________ and described in budget as __________________________________.
Additional amount needed, if any: Increase in budget of $_____________ OR, transfer of $___________ from Account #____________ to Account #_______________
____ Not Budgeted - account #____________ requires budget increase of $_____________.
Capital Project - **THE PRE-PROJECT CHECKLIST AND BUDGET CHECKLIST MUST BE ATTACHED TO THIS FILE**
In current year Capital Projects Plan:
_____ Yes, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
WHEREAS, there is a need to make amendments to the FY 2018 budgets of various City Funds.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama as follows:
SECTION 1: Amends the budget for a collection of sales tax money received from the state for an audit of previous years, by an increase in the amount of $39,570.95 to account 100-1012-4710 Miscellaneous One Time Revenue.
SECTION 2: Amends the budge for a payment out of a sales tax refund issued back to the state form an audit of previous years, by an increase in the amount of $126,744.05 to account 100-9200-6998 Miscellaneous One Time Expenses.
SECTION 3: Amend the budget for account 100-9200-6997 Hurricane Nate by an increase of $628 for unforeseen ineligable costs incurred.
SECTION 4: Amend the budget by an increase of $10 for account 100-1040-7000 Principal Expense-Capital Lease, for rounding on the amortization schedule.
SECTION 5: Amend the budget for an increase of $10,000 to account 100-1012-4600 interest income.
SECTION 6: Amend the budgets by an increase of $27,747 to the transfer accounts 100-1012-4810 Transfer from Recreation Fund and 202-8000-8000 Transfer to General Fund.
SECTION 7: Amend the budgets by an increase $3,365 to the transfer accounts 100-8100-8002 Transfer to QECB Debt Service and 302-1012-4810 Transfer from General Fund.
SECTION 8: Amend the budgets by an increase of $32,784 to the transfer accounts 100-8000-8006 Transfer to PFCD Operations and 281-1012-4825 Transfer from General Fund Operations for legal fees incurred. These cost will be reimbursed by Project User fees as they are collected.
SECTION 9: Amend the budget by an increase of $335 to account 100-5042-5101 Capital Purchase MU Fields.
SECTION 10: This Resolution shall become effective immediately upon its adoption as required by law.