Title
Approval of Budget Amendment 1585-03-02-09 to amend the fiscal year 2009 budget by decreasing the General Fund revenues by $2,681,903 to $57,881,855 and decreasing the General Fund operating expenditures by $1,836,902 to $59,752,939, providing for a total General Fund expenditure budget of $66,930,077.
Body
Item Summary:
The budget amendment decreases General Fund revenue from $60,563,758 to $57,881,855 as follows:
This budget amendment decreases the appropriate budgets for the following General Fund departments as follows:
The expenditure reductions are department identified adjustments to their current amended budget. These decreases are in two primary categories, salaries/benefits and operations. Approximately $1,061,014 is attributable to salaries/benefits due to vacancies; freezing of positions; and moving full-time positions to part-time positions to better reflect work load.
Operating expenditure reductions include reductions in professional services including consultants; new favorable terms on contracts or savings from the timing of a contract; reduction in commodities such as advertising for zoning changes. The total reductions for operating expenditures is $670,888.
Change to the Citywide expenditures is a reduction of the Operating Contingency account by $105,000.
Committee or Staff Recommendation:
On February 23, 2009 this information was presented to Council in a budget work session.
Financial Impact:
Approval of this amendment will decrease the General Fund’s revenue budget to $57,881,855 and decrease the General Fund’s expenditure budget to $66,930,077.
Submitted by:
Aaron J. Bovos, Deputy City Administrator
Mike Erwin, Director of Strategic Planning and Budgeting