Laserfiche WebLink
City of San Leandro <br />Meeting Date: June 15, 2020 <br />Staff Report <br />Agenda Section:File Number:20-249 CONSENT CALENDAR <br />Agenda Number:8.G. <br />TO:City Council <br />FROM:Jeff Kay <br />City Manager <br />BY:Eric Engelbart <br />Deputy City Manager <br />FINANCE REVIEW:Liz Warmerdam <br />Interim Finance Director <br />TITLE:Staff Report for the City of San Leandro City Council to Approve a Resolution for <br />Budget Amendments to the City’s Fiscal Year 2019-2020 Special Revenue <br />Funds, Enterprise Funds, and Internal Service Funds <br />SUMMARY AND RECOMMENDATION <br />Staff recommends that the City of San Leandro City Council review and approve 2019-2020 <br />Budget Amendments to the Special Revenue Funds, Enterprise Funds, and Internal Service <br />Funds. <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 approved the 2019-2020 Budget on June 3, 2019 and has made various <br />adjustments since then. <br />DISCUSSION <br />Attachments 1 and 2 include summary and detail of budget adjustments related to the <br />Administrative Support Allocation appropriation not captured during the biennial budget process <br />for Fiscal Year 2019-2020 that now require formal City Council approval per Adopted Budget <br />Policies. These allocations support the administrative services provided to other funds such as <br />Human Resources, City Clerk, and Finance services. The Summary Report includes information <br />regarding Expenditure Adjustments, and Net Changes in Fund Balance. The Detailed Report <br />includes the same information, but also provides complete descriptions regarding the purpose of <br />Page 1 City of San Leandro Printed on 6/10/2020 <br />529