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<br />CITY OF SAN LEANDRO <br />MEMORANDUM <br />DATE:' July 21, 2009 <br />TO: Finance Committee <br />VIA: Perry Carter, Interim Finance Director I~- <br />FROM: Christine Galvin, Sr. Accountant ~~. <br />SUBJECT: Recommended Year-End Adjustments to the FY 2008-09 Budget <br />RECOMMENDATION <br />Staff recommends Finance Committee approval of the attached FY 2008-09 year-end budget <br />amendments and forwarding to the full City Council for review and approval. <br />DISCUSSION <br />Attached for your review are Schedules A, and B which provide both summary and detail <br />information regarding year-end budget adjustments for fiscal year 2008-09. During the course of <br />the fiscal year various events occur which require budget recognition. For example, grant revenues <br />maybe received which were not included in the original budget, emergency expenditures may be <br />required, expenditures may be made from restricted funds or Council may have given direction to <br />the City Manager. In addition, Capital Improvement Projects (CIP) may have been approved with <br />the appropriation to follow. It has been the long-standing practice of the City Council for the City <br />Manager to authorize such budget changes and then to bring those changes to the City Council at <br />year-end. <br />Year-End budget adjustments for 2008-09 total $5,646,662 and are from several funds, as shown <br />on Schedule A. Schedule B provides specific budget adjustment information for each fund. Staff <br />will be available at the July 21, 2009 Finance Committee meeting to respond to questions. <br />G:\FINCOMM\2009-10\Staff Report\Year End Adjustments FY 2008-09 07-21-09.docx <br />