Title
Approval of Budget Amendment 3250-06-21-10 to recognize $32,000 in additional revenue and authorize $32,000 in additional expenditures for FY 10 in the Confiscated Assets Fund.
Public Safety
Body
Item Summary:
This amendment will appropriate funds to existing operating line items in the Confiscated Assets Fund as follows: Salary accounts: $25,000, Operating Supplies: $7,000.
Committee or Staff Recommendation:
On June 15, 2010 the Public Safety & Public Works Committee recommended placing this item on the June 21, 2010 Mayor and Council Agenda.
Financial Impact:
Approval of this budget amendment will increase the FY 10 Confiscated Assets Fund revenue and expenditure budgets by $32,000. The amended FY 10 Source of Funds will be $345,948.60 ($62,000 in current year revenues and $283,948.60 in budgeted use of Confiscated Assets Fund, fund balance) and the amended FY 10 Expenditure Budget will be $345,948.60.
Presented by:
Ed Williams, Chief of Police