AGENDA CAPTION:
Title
Consider approval of Ordinance 2021-11, on the first of two readings, amending certain funds in the City’s 2020-2021 Fiscal Year budget to allocate for the rollover of funds and to adjust the revenue and expenditure budget for lower Economic Incentives; and providing an effective date.
Body
Meeting date: February 24, 2021
Department: Finance-Marie Kalka, Finance Director
Amount & Source of Funding
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Fiscal Note:
Prior Council Action: September 15, 2020 original budget adopted
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Background Information:
A Budget is an ever-changing document. The Budget is a good planning device, but many 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 was extraordinarily true in 2020. Goods and services were ordered and not delivered in the fiscal year. The municipality had major personnel challenges as employees looked at different opportunities and life choices within the context of the pandemic. We had people out due to meeting family needs in this unusual environment. New and different expectations were placed on employees with new federal programs - CARES, CDBG social services, and transit programs, in particular. All this translated into generally less being accomplished than expected when the City began the 2019 - 2020 Fiscal Year in September of 2019.
We finished 2020 and the attached ordinance identifies programs that either have a commitment or expectation that would have been finished in 2020. In addition, we have a major change to one of our economic development incentive programs. In addition, attached shows how each Department in the General Fund ended 2020. Other Funds are represented in the ordinance where a request has been made to use monies remaining in 2020 for 2021 activities.
Council Committee, Board/Commission Action:
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Alternatives:
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Recommendation:
Staff recommends that Ordinance 2021-11 be approved amending the FY20-21 adopted budget.