Title
A Resolution Amending the FY2018 Budget and Updating the Capital Project Fund Planning Document
Summary
Description of Topic: (who, what, where, when, why and how much)
Mike Thompson/Sue Steigerwald:
A resolution to:
(1) amend sales tax budget by a decrease of $536,500 and lodging tax by a decrease of $100,000 to reflect shortfalls October through February per attachment. March and April are on track.
(2) move $128,889 from economic development department to fire department to cover additional payroll costs primarily related to unexpected paid leaves of absence per attachment.
(3) adjust transfers from General Fund to Capital Project Fund accounts $832,100 to reflect closed projects, updated timeline of 9th Avenue extension, infrastructure near Woerner property and the repurchase of certain land, deferral of certain projects, and other activity (per attached revised plan).
(4) adjust two capital projects that came in over the budgeted amounts (E Pride Blvd $396 and Event Center landscaping $2,880 per attached revised plan).
(5) approve a revised Capital Projects Fund Planning Document for FY18 with changes to future year plans to be addressed during the FY19 annual budgeting process (revised plan attached).
(6) adjust the budget cost for principal and interest expense in the GO 2014, which is a housekeeping item with no effect to the general fund or transfer accounts
(7) amends transfer to PASFCD Operations and PCEFCD Operations due to increased legal fees related to arbitration & mitigation.
Budgetary Impact: **Not budgeted, the detail of the adjustments are shown in an attachment
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
____ Not budgeted requiring increase to account #___________ in the amount of $____________.
Capital - Departmental
____ Budgeted under account #_____...
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