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City of San Leandro <br />Meeting Date: February 16, 2016 <br />Staff Report <br />Agenda Section:File Number:16-076 CONSENT CALENDAR <br />Agenda Number:8.N. <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 a Resolution Approving a Budget Amendment to the City’s <br />Fiscal Year (FY) 2015-16 General Fund, Special Revenue Funds, Enterprise <br />Funds, Internal Service Funds, Capital Projects Funds, and Agency Funds <br />Budget <br />SUMMARY AND RECOMMENDATIONS <br />Staff recommends that the City Council review and approve FY 2015-16 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 and funds. <br />The City Council originally approved the FY 2015-16 Budget on June 1, 2015. <br />Discussion <br />Attachments 1 and 2 include the summary and detail of budget adjustments that were either <br />made or proposed over the first six months of FY 2015-16 and now require formal Council <br />approval per Adopted Budget Policies. These attachments include the same information, but <br />the detail report also provides complete descriptions regarding the purpose of each <br />adjustment. <br />Fiscal Impact <br />The total change in the projected ending fund balance for the General Fund in FY 2015-16 <br />amounts to a decrease of $2,239,666. New General Fund expenditures are funded by <br />Page 1 City of San Leandro Printed on 2/10/2016