Title
Budget Rollovers to FY 2012 - Approval
History
A detailed spreadsheet (by fund) of budget rollovers is attached showing a total increase to the fiscal year 2012 budget in the amount of $19,038,485. The budget rollovers are necessary due to the fact that these projects were not completed during fiscal year 2011. The budget impact is a decrease in expenditures for fiscal year 2011 and an increase to the budgeted expenditures for fiscal year 2012.
The breakdown by fund is as follows:
• General Fund - $856,172
• Water & Sewer Fund - $6,244,112
• Road Exaction Fund - $397,387
• Capital Improvement Fund - $7,436,579
• Civic Center Fund - $8,629
• Main Street Triangle TIF Fund - $3,938,738
• Recreation and Parks Fund - $156,868
Financial Impact
The attached spreadsheet identifies the budget impact.
Recommended Action/Motion
I move to approve amending the FY2012 expenditure budget by $19,038,485.