Title
Approval of the FY 2014 Mid-Year Budget Amendment #10015850-12-09-13 to increase the FY 2014 Approved revenue budget by $261,666 and increase the FY 2014 Approved expenditure budget by $335,455.
Presented by Ryan Luckett, Budget Manager
Body
Item Summary:
The FY 2014 Mid-Year Budget Amendment recommends several adjustments to both the operating and capital budgets. These adjustments are funded through a combination of expenditure savings, additional revenues, and the use of General Fund fund balance.
Operating: One Time Employee Compensation, On-Call Architectural Services and SafeBuilt Contract Revisions.
Capital: Dobbs Drive Fueling Station Reconfiguration, City Hall Wireless Network Upgrade and One Additional K-9 Unit.
Committee or Staff Recommendation:
On November 12, 2013 the Administration, Finance, Recreation and Parks Committee recommended placing this item on the December 9, 2013 Mayor and Council Agenda. On November 25, 2013, the Community Development and Transportation Committee recommended adding one item to the FY 2014 Mid-Year Budget Amendment for consideration at the December 9, 2013 Mayor and City Council Meeting.
Financial Impact:
Upon approval of Budget Amendment #10015850-12-09-13, the FY 2014 Approved revenue budget will increase by $261,666 and the FY 2014 Approved expenditure budget will increase by $335,455.
Presented by:
Ryan Luckett, Budget Manager