6.3. SR 12-20-2004 - Laserfiche WebLink

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Item 6.3. MEMORANDUM TO: Mayor and City Council FROM: Lori Johnson, Finance and Administrative Services Director DATE: December 20, 2004 SUBJECT: Consider 2004 Budget Amendments Budget amendments are presented to the Council each December in accordance with the city's Financial Management Plan. This year, in addition to budget amendments, there are two bond fund balances that need to be allocated, and the fund to be used for payment of the balance of the Public Safety building project needs to be identified. There is also a request from the City Engineer for several items. Each of these items requires Council action. First, the budget amendment information will be presented to the Council on Monday. There are no new items proposed for the General Fund; all of the amendments are items that the Council has already approved either during the year or as part of the 2005 budget process. The budget amendments will be presented in accordance with Sections 6.3 and 6.3.1 of the Financial Management Plan regarding budget amendments which are reprinted below for your reference. 6.3 The budget shall be adjusted as needed to recognize significant deviations from original budget expectations. The Council shall consider budget amendments each December. Budget amendments are intended to recognize changes made by the Council during the year, to reflect major revenue and expenditure deviations from budgeted amounts, and to consider year-end budget requests. Budget amendments are not intended to create a budget that matches budgeted revenues and expenditures to actual revenues and expenditures. 6.3.1 Administrative budget amendments may be made throughout the year by Department Heads to adjust line item budgets within their department as long as the total departmental budget does not change. These line item budget changes exclude personal