Title
Approval of Budget Amendment #10015850-12-10-12 to increase the FY 2013 Approved budget by $14,586,503.
Presented by Keith Lee, Finance Director
Body
Item Summary:
This budget amendment includes five components of appropriations as outlined:
1. Re-appropriation of FY 2013 Approved Budget - $0
2. Re-appropriation of FY 2012 available General Fund Operating funds - $138,503
3. Appropriation of General Fund, fund balance for Capital projects - $5,555,000
4. Appropriation of Stormwater Utility and Confiscated Assets funds expenditures - $438,000
5. Authorization to use General Fund, fund balance to fund approved Bond projects in advance of receiving Bond proceeds - $1,450,000
Committee or Staff Recommendation:
On November 28, 2012 the Community Development and Transportation Committee recommended placing this Item on the December 10, 2012 Mayor and Council Agenda.
Financial Impact:
Upon approval of Budget Amendment 10015850-12-10-12 the FY 2013 Approved expenditure budget will increase by $14,586,503.
Presented by:
Keith Lee, Finance Director