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Page 2 of 2 <br />area groups or individuals. 28 <br /> 29 <br />These amendments are reflected in the attached excer pts of the 2012 Financial Stat ements (unaudited). The 30 <br />amendments have been incorporated in the column marked ‘final’ budget. 31 <br />P OLICY O BJECTIVE 32 <br />Where applicable, budget amendments are made to comply with State Statutes. 33 <br />F INANCIAL I MPACTS 34 <br />There are no current year financial impacts. The budget amendments are necessary to demonstrate that 35 <br />previously incurred expenditures are within the adopt ed budget. Any changes in expected expenditure 36 <br />trends are incorporated into future budgets. 37 <br />S TAFF R ECOMMENDATION 38 <br />Staff has prepared the requested budget amendments a nd considers them reasonable, within an expected 39 <br />range of adjustment, and in accordance with all appli cable State Statutes. It is recommended that the 40 <br />budget amendments be approved. The City’s Auditors are tentatively scheduled to make a formal 41 <br />presentation on the 2012 financial statements at the April 15, 2013 Council Meeting. 42 <br />R EQUESTED C OUNCIL A CTION 43 <br />Motion to approve the year-end amendments to the 2012 Budget. 44 <br /> 45 <br />Prepared by: Chris Miller, Finance Director <br />Attachments: A: Excerpts of the 2012 financial statements (unaudited) <br /> <br /> 46