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The following budget amendment to the 2007 Telecommunications Fund budget is submitted for consideration: 1) $10,000 additional appropriation for added personnel costs and $20,000 in 'Other services and charges'. The amounts included in `other services and charges' represent the amount paid to the North Suburban Communications Commission (NSCC) for administering the City's cable franchise and coordinate local cable programming. These charges are based largely on subscriber revenue, and as that revenue increases So do the proportionate administrative costs. The additional expenditures were offset by added revenues, which were approximately $73,000 higher than expected. The following budget amendment to the 2007 License Center Fund budget is submitted for consideration: 1) $35,000 additional appropriation for salaries and rent. The volume at the License Center for auto dealer licensing and the issuance of passports was higher than expected which required additional part -time staffing hours. The additional expenditures were covered by added revenues, which were approximately $235,000 higher than expected. The following budget amendment to the 2007 Charitable Gambling Fund budget is submitted for consideration: 1) $34,000 additional appropriation for other charges. The City remitted higher - than - expected lawful gambling profits to the North Suburban Community Foundation in 2007. These monies are received by the City as "pass- through" monies and are eventually distributed to eligible community - based groups and individuals. The following budget amendment to the 2007 Information Technology Fund budget is submitted for consideration: 1) $55,000 additional appropriation for `capital outlay' . In 2007 the City made numerous capital purchases that were necessary to maintain citywide operations but which were not included in the original budget. A temporary loan was made from the City's Equipment Replacement Fund and will be repaid in 2009 and/or 2010. POLICY OBJECTIVE Where applicable, budget amendments are made to comply with State Statutes. FINANCIAL IMPACTS There are no current year financial impacts. The budget amendments are necessary to demonstrate that previously incurred expenditures are within the adopted budget. Any changes in expected expenditure trends are incorporated into future budgets. STAFF RECOMMENDATION Staff has prepared the requested budget amendments and considers them reasonable, within an expected range of adjustment, and in accordance with all applicable State Statutes. It is recommended that the budget amendments be approved. The City's Auditors are tentatively scheduled to make a formal presentation on the 2007 financial statements at the May 12, 2008 Council Meeting. Page 2 of 3