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33 POLICY OBJECTIVE <br />34 Where applicable, budget amendments are made to comply with State Statutes. <br />35 FINANCIAL IMPACTS <br />36 There are no current year financial impacts. The budget amendments are necessary to demonstrate that <br />37 previously incurred expenditures are within the adopted budget. Any changes in expected expenditure <br />38 trends are incorporated into future budgets. <br />39 STAFF RECOMMENDATION <br />40 Staff has prepared the requested budget amendments and considers them reasonable, within an expected <br />41 range of adjustment, and in accordance with all applicable State Statutes. It is recommended that the <br />42 budget amendments be approved. The City's Auditors are tentatively scheduled to make a formal <br />43 presentation on the 2011 financial statements at the April 23, 2012 Council Meeting. <br />44 REQUESTED COUNCIL ACTION <br />45 Motion to approve the year -end amendments to the 2011 Budget. <br />46 <br />47 <br />Prepared by: Chris Miller, Finance Director <br />Attachments: A: Excerpts of the 2011 financial statements. The amendments have been incorporated in the column <br />marked `final' budget. <br />Page 2 of 2 <br />