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CC 05-21-19 #20 Third Quarter Financial Report and Budget Adjustments FY2018-19_PresentationMay 21, 2019 FY 2018-19 Third-Quarter Financial Report FY 2018-19 Third-Quarter Summary of Budget Adjustments by Fund Fund FY 18-19 Adopted Carryovers Encumbrances Adjustments Approved in 1st- 3rd Quarter FY 18-19 Amended Budget as of March 31, 2019 General 77,639,720 9,486,150 5,168,152 9,999,922 102,293,944 Special Revenue 13,689,297 15,827,938 4,459,499 (437,351) 33,539,383 Debt Service 3,169,438 - - - 3,169,438 Capital Projects 17,868,000 11,202,852 1,025,302 4,720,000 34,816,154 Enterprise 10,854,026 160,707 135,974 91,672 11,242,379 Internal Service 8,498,378 500,204 272,218 4,800 9,275,600 Total All Funds 131,718,859 37,177,851 11,061,145 14,379,043 194,336,898 Department Recommended Expenditures Revenues Desciption Administration 28,010$ -$ Registrar of Voters Office Verification Public Works 63,183$ -$ Street Lighting Worker Double Fill 4,998$ 4,998$ Sports Center Gate Repair Parks and Recreation 350,000$ 350,000$ Lifetime Tennis Non-departmental 17,176$ 17,176$ Transfer out of General Fund to Capital Projects Fund for CASp Total Requests 463,367$ 372,174$ Recommendations 1.Accept the City Manager’s Third-Quarter Financial Report for FY 2018-19 2.Approve Budget Modification 1819-050 for Third- Quarter adjustments as described in the Third- Quarter Financial Report 3.Adopt Resolution 19-060 approving Mid-Year Budget adjustments Questions?