Laserfiche WebLink
2010 -11 Year -End Review and Budget Adjustments September 19, 2011 <br />Savings attributed to furlough, salary savings, and non - personnel cost reductions are included <br />in projected expenditures for the Other Funds. <br />Key budget adjustments for Other Funds include: <br />o $150,000 from the various Redevelopment Agency funds <br />o $742,000 from the Traffic Congestion Relief Fund for street improvements <br />o $380,000 in the Special Grants Fund for the Safe Routes to Transit (SL BART)project <br />o $700,000 from the Water Pollution Control Plant Enterprise Fund for the grading and dirt <br />disposal at Eden Road <br />o $127,263 from the Shoreline Enterprise Fund for capital improvement projects at the <br />American Golf Course per the contract <br />Previous City Council Action <br />The City Council approved the 2010 -11 mid -year budget review and budget amendment <br />adjustments on February 22, 2011. <br />City Council Committee Review and Action <br />The City Council Finance Committee considered the 2010 -11 year -end budget review and <br />budget amendment adjustments on September 9, 2011. <br />Attachments <br />Attachment 1, Fund Balance Summary: All Other Revenue Funds. <br />CONCLUSION <br />This report provides an update on the 2010 -11 budget performance for all City funds through <br />June 30, 2011 and revises year -end forecasts for the General Fund and the City's other revenue <br />funds. In addition, the report includes year -end budget amendment adjustments for 2010 -11. <br />Additional expenditures are funded from new revenues or available fund balances. <br />The Finance Committee recommends the 2010 -11 year -end budget amendment adjustments. <br />The total budget adjustment for all funds amounts to $1,890,000, although the net adjustment to <br />the General Fund amounts to only $8,300. Staff will present recommendations for designating <br />portions of fund balance with the first quarter budget report. <br />on <br />