Title
Budget Adjustments 3rd Quarter 2020 (#2) - Approval
History
A detailed spreadsheet (by fund) reflecting budget adjustments is attached showing an increase in expenditures of $100,000.
An increase in expenditures in the General Fund is requested for expenses related to the purchase of Police protective gear in the amount of $80,000, Architect fees for the Board Room Redesign in the amount of $13,500 and increased costs for the Senior newsletter in the amount of $20,000. A General Fund transfer of funds from the Clerk's office to the Village Manager's office in the amount of $1,900 for the Konica Minolta MFP. A decrease in expenditures in the Recreation and Parks Fund is requested for consulting services expenses of $13,500 which are being transferred to the general fund for Board Room architect fees.
Financial Impact
The attached spreadsheet identifies the budget impact.
Recommended Action/Motion
I move to approve an increase to the FY2020 expenditure budget of the General Fund in the amount of $113,500 and an decrease in the FY2020 expenditure budget in The Recreation and Parks Fund in the amount of $13,500.