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CITY OF SAN LEANDRQ <br />MEMORANDUM <br />DATE: January 27, 2010 <br />TO: Finance Committee <br />VIA: Perry Carter, Interim Finance Director <br />FROM: Christine Galvin, Sr. Accountant efYl~ <br />SUBJECT: Recommended Mid-Year Adjustments to the F.Y. 2009-10 Budget <br />RECOMMENDATION <br />Staff recommends Finance Committee approval of the attached F.Y. 2009-10 mid-year 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 mid-year budget adjustments for fiscal year 2009-10. During the course of <br />the fiscal year various events occur which require budget recognition. For example, grant revenues <br />may be 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 />Mid-Year budget adjustments for 2009-10 total $330,622 and are from several funds, as shown on <br />Schedule A. Schedule B provides specific budget adjustment information for each fund. Staff will <br />be available at the January 27, 2010 Finance Committee meeting to respond to questions. <br />