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<br />~ <br />~HILLS <br /> <br />MEMORANDUM <br /> <br />DATE: May 24, 2007 <br /> <br />TO: Karen Barton, Community Development Director <br />FROM: Sue Iverson, Finance Director ~ <br /> <br />SUBJECT: Planning & Zoning Budget <br /> <br />In response.(o your inquiry, I have researched the current balances in the Planning & Zoning <br />Department to determine the impact of a budget adjustment for the Comprehensive Plan Update <br />costs. In 2006 the actual revenues were over budget by $43,153 and the actual expenditures <br />were under budget by $25,533, this resulted in an increase to the General Fund balance of <br />$68,686 from this department (overall increase in fund balance for the General Fund was <br />$71,658). In 2007 the year-to-date expenditures are $44,790 or 26% of total budget and we are <br />42% into the budget cycle. Year-to-date revenues are currently at $29,883 or 29% of total <br />budget. It is estimated that revenues may come in higher than budget again this year with the <br />projects that have been approved. It seems that there will be sufficient monies available in this <br />fund (General Fund) and department (Planning & Zoning) to fund this budget amendment in the <br />amount of $13,000. <br /> <br />If you have any other questions, I would be happy to assist you. <br />