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FY 2007-08 Mid-Year Budget Adjustments 2 March 11, 2008 <br />Previous Citv Council Action(s) <br />The City Council adopted the fiscal year 2007-08 budget in June 2007. <br />City Council Committee Review and Action <br />The Finance Committee reviewed and approved the recommended mid-year adjustments on <br />February 19, 2008. <br />Applicable General Plan Policy -Not Applicable <br />Permits and/or Variances Granted -Not Applicable <br />Environmental Review -Not Applicable <br />Code Compliance Review -Not Applicable <br />Board/Commission Findings -Not Applicable <br />Summary Of Public Outreach Efforts -Not Applicable <br />Fiscal Impact <br />For fiscal year 2007-08: <br />• There are $5,477,888 of recommended mid-year expenditure budget adjustments that will be <br />funded from revenues, expenditure reductions and the transfer of $2,625,800 from all fund <br />balances. Additionally there are adjustments for new revenues and revenue carryovers. <br />Budget Authority <br />The San Leandro City Charter <br />Attachments <br />• Resolution Approving Budget Amendments to Reflect Mid-Year Adjustments to the City of <br />San Leandro Budget Fiscal Year 2007-2008 <br />• Resolution Approving Budget Amendments to Reflect Mid-Year Adjustments to the <br />Redevelopment Agency Budget Fiscal Year 2007-2008 <br />• Report to Council Finance Committee of February 19, 2008 <br />CONCLUSION <br />Staff recommends adoption of the two attached Resolutions approving mid-year budget <br />adjustments to the City of San Leandro and Redevelopment Agency Budgets for fiscal year <br />2007-08. <br />G:ACOUNCIL~2007-2008 RESOLUTIONS & STAFF REPORTSVv1ID-YEAR 07-08 STAFF REPORT.DOCX <br />