AGENDA CAPTION:
Title
Consider approval of Ordinance 2022-02, on the first of two readings, amending certain funds in the City’s 2021-2022 Fiscal Year budget for the rollover of funds and to adjust for transfers to Capital; including procedural provisions; and declaring an effective date.
Body
Meeting date: January 4, 2022
Department: Finance-Marie Kalka, Finance Director
Amount & Source of Funding
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Account Number: Click or tap here to enter text.
Funds Available: Click or tap here to enter text.
Account Nam
Fiscal Note:
Prior Council Action: Click or tap here to enter text.
City Council Strategic Initiative: [Please select from the dropdown menu below]
Sustainability
Downtown Vitality
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
☒ Economic Development - Choose an item.
☐ Environment & Resource Protection - Choose an item.
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☐ Neighborhoods & Housing - Choose an item.
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☒ Transportation - Multimodal transportaion network to improve accessibility and mobility, minimize congestion and reduce pollution
☐ Core Services
☐ Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
A budget is an ever-changing document. It is a good planning device, but changes can occur in any given year that it is often difficult to complete all the programs and activities that policy makers and departments want to achieve to service the public.
This first budget amendment for fiscal year 2021-22 (FY22) incorporates the annual rollover of purchase orders and contracts for goods and services that were initiated and approved in FY21 but not delivered or completed therefore funds need to be rolled over to FY22. In addition, there are several FY22 budget amendments that departments have requested to meet their operational needs. It was determined that fund balance anticipated for FY21 was adequate to approve these purchases.
We have made considerable progress in working with departments to ensure their annual budget is carefully developed to reflect the true needs of their operations without the assumption that unspent funds will automatically rollover to future years. We will continue to work together to enhance this process to minimize necessary budget amendments in future years.
Council Committee, Board/Commission Action:
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Alternatives:
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Recommendation:
Staff recommends that Ordinance 2021-XX be approved amending the FY21-22 budget.