Laserfiche WebLink
<br />N:\Public Bodies\Agenda Packets\12-21-2015\LASERFICHE\x4.10 sr 2015 budget amendments.docx <br />Revenue amendments are proposed for the following items. <br />1. With the final court decision on Tax Increment Financing (TIF) district 19 ruling in the EDA’s <br />favor we sent the remaining balance back to the county for redistribution to the city, county & <br />school district. <br />2. Court fine revenue slightly higher than anticipated. <br /> <br />Library Fund: <br />Building repair and maintenance services line item is adjusted to reflect capital improvement plan (CIP) <br />items for some parking lot repairs and sidewalk replacement. This was anticipated to be funded out of <br />library reserves. <br /> <br />Garbage Fund: <br />To reclassify big belly trash container from Garbage Fund to the Landfill Fund which is the previous <br />funding source used for big belly trash containers in prior years. <br /> <br />Storm Water Fund: <br />To reclassify the 2015 storm water modifications with the street project to transfer out to the pavement <br />management and not the contractual services line item. <br /> <br />Wastewater Fund: <br />Budget is adjusted to reflect the timing of the state grant reimbursement which is 13.9% of construction <br />expenditures incurred. Reclassifying the transfer-in and state grant to the construction accounts within <br />the wastewater budget. <br /> <br />Financial Impact <br />General Fund remains balanced for 2015. Any positive or negative General Fund balance will be <br />considered after the year-end prior to the audit and the budget is adjusted accordingly. <br /> <br />Attachments <br /> 2015 Budget Amendment Summary <br /> 2016 final adjustment budget summary <br /> <br />