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City of San Leandro <br />Meeting Date: July 21, 2014 <br />Staff Report <br />Agenda Section:File Number:14-291 CONSENT CALENDAR <br />Agenda Number:8.I. <br />TO:City Council <br />FROM:Chris Zapata <br />City Manager <br />BY:David Baum <br />Finance Director <br />FINANCE REVIEW:David Baum <br />Finance Director <br />TITLE:Staff Report for the Resolution Approving the 2013-14 Year-End Budget <br />Amendments <br />SUMMARY AND RECOMMENDATION <br />Staff recommends that the City Council review and approve 2013-14 Year-End Budget <br />Amendments. <br />BACKGROUND <br />The City Council approves annual budgets based on the best revenue and expenditure <br />information available several months prior to the actual adoption of budget appropriations. As <br />a result, budget adjustments are periodically necessary for changes that arise and require <br />additional budget appropriations or re-appropriations between budget line items. The City <br />Council approved the current 2013-14 General Fund, Special Revenue Funds, Enterprise <br />Funds, and Internal Service Funds Budget on June 3, 2013. <br />DISCUSSION <br />The attached summary of budget adjustments reflects budget activity recorded by the Finance <br />Department over the last few months of 2013-14. The proposed amendment adjustments are <br />summarized including the fund, the sources of additional revenues or transfers, and the <br />purpose of new expenditures or transfers. <br />Fiscal Impacts <br />New General Fund revenues amount to $35,831, leaving about $90,779 in new General Fund <br />expenditures that are funded by General Fund reserves. $60,000 represents the contract for <br />the State Legislative Advocacy Services. <br />Page 1 City of San Leandro Printed on 7/15/2014