HomeMy WebLinkAbout4C, 2010 Budget Adjustmentsi
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EN HII,LS
Request for Council Action .
Prepared By: Sue Iverson, Director of Finance
and Administrarive Services Council Meeting Date: May 9, 2011
2010 Budget Adjustments
Budgeted Amount: Actual Amount: Funding Source:
N/A N/A N/A
Recommendation:
i. Motion to approve a budget amendment to the General Fund reducing expenditures
by $17,666 in Other Professional Services under the Planning and Zoning
department and approve a transfer from the General Fund to the TCAAP Fund of
$17,666 effective December 31, 2010.
Supportine Documents:
1. See the attached memo from Sue Iverson dated May 9, 2011.
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EN HILLS
MEMORANDUM
DATE: May 9, 2011
TO: Honorable Mayor and City Councilmembers
Patrick Klaers, City Administrator
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FROM: Sue Iverson, Director of Finance and Administrative Service���"
SUBJECT: 2010 Budget Adjustments
Background
During the 2010 budget process, it was unclear as to what actual expenditures or
revenues the TCAAP Fund would have since the GSA was working on a bid process. At
that time, a budget was prepared for the TCAAP Fund with $70,000 of revenue coming
from contributions and donations — possibly from a developer; and $70,000 of
• expenditures in legal and other professional services. There were also funds identified in
the General Fund under the Administration department and the Planning and Zoning
department to cover any expenditures we might incur that would not be reimbursed.
Discussion
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During 2010, the City incurred $17,666 worth of expenditures related to TCAAP. Since
there was no revenue source, a transfer from the General Fund needs to be made to that
fund to cover these expenditures. Attached is a listing of the adjustments needed to be
approved by the City Council effective December 31, 2010.
Requested Action
Approve a budget amendment to General Fund reducing expenditures by $17,666 in
Other Professional Services under the Planning and Zoning department and approve a
transfer from the General Fund to the TCAAP Fund of $17,666 effective December 31,
2010.
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