AGENDA CAPTION:
Title
Consider approval of Ordinance 2022-25, on the second of two readings, amending certain funds in the City’s 2021-2022 Fiscal Year budget to authorize the use of fund balance for one-time non-recurring items, recognition of donation revenue for specific costs, and increases in fuel and other contractual services; including procedural provisions; and declaring an effective date.
Body
Meeting date: April 5, 2022
Department: Finance-Anna Miranda, Interim Finance Director
Amount & Source of Funding
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Funds Available: Click or tap here to enter text.
Account Nam
Fiscal Note:
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City Council Strategic Initiative: [Please select from the dropdown menu below]
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
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☐ Transportation - Multimodal transportaion network to improve accessibility and mobility, minimize congestion and reduce pollution
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Background Information:
***Please note that the total expenditure budget for Resource Recovery (highlighted) was corrected for second reading of this ordinance. The amendment figure and Exhibit A did not change.***
A budget is a planning document, but changes can occur in any given year which can make it difficult to anticipate all the activities and costs that policy makers and departments require in meeting the needs of the community and their staff.
This budget amendment incorporates increases to the FY 22 budget for the rising cost of fuel and other contractual services, the recognition of donation revenue toward specific costs, and the use of fund balance for one-time costs. One-time costs include funding for a market compensation study discussed at the budget policy workshop in February, as well as additional funding for properly equipping public safety vehicles, grant matching funds, and permanent art projects.
In each of these funds, fund balance or current year revenues are adequate to support the additional expense.
Council Committee, Board/Commission Action:
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Alternatives:
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Recommendation:
Staff recommends that Ordinance 2021-25 be approved amending the FY21-22 budget.
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