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<br />Item # 4.10. <br /> <br /> <br />MEMORANDUM <br /> <br />TO: Mayor and City Council <br /> <br />FROM: Lori Johnson, Finance Director <br /> <br />DATE: December IS, 2003 <br /> <br />SUBJECT: Consider 2003 Budget Amendments <br /> <br />Budget amendments are presented to the Council each December in accordance with the city's <br />Financial Management Plan. Sections 6.3 and 6.3.1 of the Plan regarding budget amendments are <br />reprinted below for your review. <br /> <br />6.3 The budget shall be adjusted as needed to recognize <br />significant deviations from original budget <br />expectations. The Council shall consider budget <br />amendments each December. Budget amendments <br />are intended to recognize changes made by the <br />Council during the year, to reflect major revenue and <br />expenditure deviations from budgeted amounts, and <br />to consider year-end budget requests. Budget <br />amendments are not intended to create a budget that <br />matches budgeted revenues and expenditures to <br />actual revenues and expenditures. <br /> <br />6.3.1 Administrative budget amendments may be made <br />throughout the year by Department Heads to <br />adjust line item budgets within their department as <br />long as the total departmental budget does not <br />change. These line item budget changes exclude <br />personal service and capital outlay categories. <br />Administrative budget amendments must be <br />requested in writing and approved by the City <br />Administrator and Finance Director. <br />