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File Number: 12 -094 <br />Asset Seizure Fund appropriations for projects ($41,800) are funded by existing revenues. All <br />of the Special Grant Fund projects ($942,600) in the budget amendment are funded by newly <br />approved grants ($756,600) or previously approved grant funds. <br />Current Agency Policies <br />• The City Council approves all adjustments to the City's revenue and expenditure <br />appropriations. <br />Previous Actions <br />The City Council adopted the 2011 -12 City Budget on June 6, 2011. <br />Committee Review and Actions <br />• The Finance Committee reviewed and approved the recommended mid -year <br />adjustments on January 20, 2012. <br />Fiscal Impacts <br />The total change in the projected ending fund balance for the General Fund amounts to <br />$286,200. The total increase in expenditures amounts to $362,200, although the transfer of <br />PEG funds to the Special Revenue Fund ($180,900) affects fund balance and does not reflect <br />a true expenditure. New General Fund revenues amount to $76,000, leaving about $105,300 <br />in unfunded new General Fund expenditures. <br />PREPARED BY: James H. O'Leary, Interim Finance Director <br />City of San Leandro Page 2 Printed on 212812012 <br />