Laserfiche WebLink
City of San Leandro <br />Meeting Date: February 6, 2017 <br />Staff Report <br />Agenda Section:File Number:17-032 CONSENT CALENDAR <br />Agenda Number:8.G. <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 2016-17 General Fund, Special Revenue Funds, Enterprise <br />Funds, Internal Service Funds, Capital Projects Funds and Agency Funds <br />Budget <br />SUMMARY AND RECOMMENDATION <br />Staff recommends that the City Council review and approve the 2016-17 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 originally adopted the 2016-17 Budget on June 6, 2016 and has made various <br />adjustments since that date. <br />DISCUSSION <br />Attachments 1 and 2 include a summary and detail of budget adjustments that were made to <br />departmental and fund appropriations over the first six months of 2016-17 and require formal <br />Council approval per Adopted Budget Policies. Additionally, staff identified opportunities to <br />address some priority projects within the current fiscal year, rather than waiting for <br />appropriations in the 2017-18 Budget. Those projects include funding the consultant costs for <br />a Broadband Strategy Update and Fiber Optic Master Plan, supplemental sidewalk cleaning <br />for Downtown San Leandro, and resurfacing and renovating upgrading the Marina Dog Park. <br />Summaries include information regarding Funding Sources, Revenue and Expenditure <br />Page 1 City of San Leandro Printed on 1/31/2017 <br />96