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City of San Leandro <br />Meeting Date: February 5, 2018 <br />Staff Report <br />Agenda Section:File Number:18-047 ACTION ITEMS <br />Agenda Number:10.B. <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 Fiscal <br />Year 2017-18 General Fund, Special Revenue Funds, Enterprise Funds, Internal <br />Service Funds, Capital Projects Funds, and Agency Funds Budget <br />SUMMARY AND RECOMMENDATION <br />Staff recommends that the City Council review and approve the 2017-18 Budget 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 a <br />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 2017-18 Budget on June 5, 2017 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 2017-18 and require formal <br />Council approval per Adopted Budget Policies. Summary Reports include information regarding <br />Funding Sources, Revenue and Expenditure Adjustments, and Net Changes in Fund Balance. <br />Detail reports include the same information, but also provide complete descriptions regarding the <br />purpose of the adjustments. <br />More significant budget adjustments will be considered as part of the FY 2018-19 budget <br />adoption process. Staff anticipates bringing options and analysis for City Council consideration <br />of the upcoming budget in the coming months. <br />Page 1 City of San Leandro Printed on 1/30/2018 <br />36