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River <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />FROM: <br /> <br />Mayor and City Council <br /> <br />Lori Johnson, Finance Director <br /> <br />DATE: <br /> <br />December 16, 2002 <br /> <br />SUBJECT: Consider Budget Amendments <br /> <br />Item 4.7. <br /> <br />Attached for your review and consideration are the 2002 General Fund Budget <br />Amendments. Budget amendments are presented to the Council each December in <br />accordance with the Financial Management Plan. The sections of the Financial Management <br />Plan relating to budget amendments are as follows: <br /> <br />6.3.1 <br /> <br />6.3.2 <br /> <br />The budget shall be adjusted as needed to recognize <br />significant deviations from original budget expectations. <br />The Council shall consider budget amendments each <br />December. Budget amendments are intended to recognize <br />changes made by the Council during the year, to reflect <br />major revenue and expenditure deviations from budgeted <br />amounts, and to consider year-end budget requests. Budget <br />amendments are not intended to create a budget that <br />matches budgeted revenues and expenditures to actual <br />revenues and expenditures. <br /> <br />Administrative budget amendments may be made <br />throughout the year by Department Heads to adjust line <br />item budgets within their depaxm~ent as long as the total <br />departmental budget does not change. These line item <br />budget changes exclude personal service and capital outlay <br />categories. Administrative budget amendments must be <br />requested in writing and approved by the City <br />Administrator and Finance Director. <br /> <br /> <br />