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This is in addition to the $268,000 transferred in September. This transfer represents an increase of <br /> $476.313.70, over their original budgeted amount. Much of the EDA's increase is due to the lower than <br /> expected DEED grant ($500,000). After transfers are completed, $377,959.06 will remain in the EDA <br /> cash reserves. <br /> Transfers between taxing authorities should be completed via resolution. A resolution detailing the <br /> transfer of the $208,313.70 is attached. <br /> Financial Impact <br /> $208,313.70 from the EDA Cash reserve. <br /> Attachments <br /> • Resolution approving transfer <br /> N:\Departments\Community Development\Economic Development\Is DA\Admtntstrattve\Agenda\EDA Agenda Packets\Year2U14\1U-20- <br /> 2014\3 5 sr Budget amendment 10-20-14 docx <br />