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There are only a couple of significant changes to the 2009 expenditure budget. The total of these <br />adjustments are ($246,000). <br />• Decrease equipment replacement charges ($100,000) as 2009 fleet purchases were amended by the <br />Fleet committee. <br />• Decrease in personnel services budgets ($100,000) due to balance of 1.5% COLA adjustments. <br />• Decrease in expenditures held in reserve for miscellaneous items ($46,000). <br />Revenue amendments are proposed for increase in the recreation fee category for the Hillside mountain <br />bike race and credit union sponsorship. Also, cable franchise fee in the amount of $79,000 was approved <br />from the cable commission. <br />Revenue reductions are proposed relating to the unallotment of local government aids. <br />Pinewood and Ice Arena operating transfer will be adjusted based on the actual required amounts, which <br />will be determined at year-end. <br />Financial Impact <br />General Fund revenue amendments are proposed in the amount of ($300,500) and expenditure <br />amendments are proposed in the amount of $232,000. The budgeted difference if realized would be <br />offset by fund balance reserves. Other offsets will be council contingency and many departments ending <br />the year below budgeted amounts. <br />Attachments <br />• 2009 Budget Amendment Summary <br />Action Motion by Second by Vote <br />FOllow Up <br />S:\Council\Tim\2009\2009 Budget Amendments.doc <br />