Laserfiche WebLink
^~/ <br />Elk REQUEST FOR ACTION <br />...,. <br />River <br />TO ITEM NUMBER <br />Ma or and Ci Council 7.1 <br />AGENDA SECTION MEETING DATE PREPARED BY <br />Administration October 18, 2010 Tim Simon, Finance Director <br />ITEM DESCRIPTION REVIEWED B~/ <br />Budget Amendments Lori ohnson, Ci Administrator <br /> REVIEWED BY <br />ACTION REQUESTED <br />The City Council is asked to consider the budget amendments as stated in the amendment detail <br />attachment. <br />BACKGROUND/DISCUSSION <br />Budget amendments are presented to the City Council throughout the year and each December in <br />accordance with the City's Financial Management Plan. <br />The first budget amendment relates to the Federal grant that the environmental department received <br />relating to the project conserve program. The grant is to reimburse expenditures related to the energy <br />audit equipment/training for the project conserve program. The amount of federal grant award was <br />$50,000. <br />The second budget amendment relates to the Hillside mountain bike race as this is the second <br />consecutive year that the Parks and Recreation department has done this event. Recreation program <br />revenues will increase by $7,350 and the recreation programing budget will increase by $7,100, leaving a <br />net difference of $250. This race has been programed in the 2011 budget and no amendment will be <br />needed next year. <br />FINANCIAL IMPACT <br />Total revenues of the budget amendments axe $57,350 and expenditures total $51,350 fox a net difference <br />of $6,000. <br />ATTACHMENTS <br />^ Budget adjustment detail <br />Action Motion by Second by Vote <br />Follow Up <br />N:\Public Bodies\Ciry Council\Council RCA\Agenda Packet\10-18-2010\October182010 budget amendments.doc <br />