Laserfiche WebLink
File Number: 19-525 <br />same information, but also provides complete descriptions regarding the purpose of the <br />adjustments. <br />FISCAL IMPACT <br />The projected ending fund balance for the General Fund in 2018-19 will increase by $2,030,006 <br />as a result of appropriations originally approved by City Council and not spent over the last seven <br />months of the 2018-19 fiscal year. <br />The total change in the projected ending fund balance for the General Fund in 2019-20 amounts <br />to a decrease of $2,030,006. This is mainly the result of funding carry-overs from various projects <br />and initiatives not completed in Fiscal Year 2018-19. This is a standard procedure for projects <br />that take longer than one year to complete or those that were initiated later in the fiscal year. <br />Should additional appropriation adjustments become necessary, they will be brought to Council <br />for approval throughout the fiscal year as needed. <br />CONCLUSION <br />Staff recommends that the City Council review and approve 2018-19 and 2019-20 Budget <br />Amendments. <br />Attachments to Resolution <br />·Attachment 1 - Summary Budget Adjustments 2018-19 <br />·Attachment 2 - Detailed Budget Adjustments 2018-19 <br />·Attachment 3 - Summary Budget Carryover Adjustments 2019-20 <br />·Attachment 4 - Detailed Budget Carryover Adjustments 2019-20 <br />Page 2 City of San Leandro Printed on 11/13/2019 <br />52