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City Council Regular
Consider Resolution 18-60 Reallocating the 2017 General Fund Budget and Amending the 2017 and 2018 Budgets
Francine Hanson, Accounting Manager
Final 2017 General Fund budget reappropriations and additional carry forwards are recommended.
Resolution 18-60 is attached for your consideration and includes the following items:
Reallocation of appropriations in the 2017 General Fund budget
After all transactions are completed each year, the General Fund budget is compared to year-to-date expenditures to ensure that each activity does not exceed budgeted amounts. Net adjustments equal to zero are being recommended. Budget reappropriations require a simple majority vote (4 members).
2017 carry-over to 2018 budget
Council is asked to consider carrying forward an additional $202,000 in the Water Fund for a heavy duty wheel loader with snow fighting equipment that was budgeted in 2017 but was not purchased until January of 2018.
Staff recommends adoption of Resolution 18-60 Reallocating the 2017 General Fund Budget and amending the 2017 and 2018 budgets.
Resolution 18-60 Reallocation of Appropriations
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