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<br />Any requested administrative budget amendments allowed by Section 6.3.1 are not included in the <br />draft 2003 budget amendment data attached since they do not change the requesting department's <br />original budget amount. However, the Council has approved several expenditures from the Council <br />contingency budget throughout the course of the year and those transfers to the appropriate <br />departments are included in the proposed budget amendments, <br /> <br />This year, unlike other years, the Council also approved budget amendments in June including <br />$439,500 in expenditure reductions and revenue increases of $7,500 in addition to the reduction of <br />$644,150 in local government aid as approved by the legislature. This left an unbalanced budget with <br />revenues of $7,051,250 and expenditures of $7,248,400. Fortunately, building permit and related <br />revenues have greatly exceeded the budgeted amounts so at year end revenues will actually exceed <br />expenditures by a considerable amount. <br /> <br />Finally, the department heads have reviewed their budgets and submitted requests for budget <br />amendments. Since some of those requests are still coming in, they may not all be included in the <br />draft attached to this memo. A fInal copy of the proposed budget amendments will be distributed at <br />Monday's meeting. <br /> <br />Action Requested <br />The City Council is asked to consider the 2003 budget amendments. <br /> <br />s: \ Council\Lori\2003 \ 03budgetamcndments,doc <br />