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City Council Regular
Meeting Date: 04/17/2018  
Subject:    Consider Resolution 18-60 Reallocating the 2017 General Fund Budget and Amending the 2017 and 2018 Budgets
From: 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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