Title
Budget Adjustments 4th Quarter 2018 - Approval
History
A detailed spreadsheet (by fund) of budget adjustments is attached showing an increase in revenues of $67,668 and an increase in expenditures of $147,668.
The increase in revenues is due to the following:
• Increase revenue from additional enrollments in the karate program in the amount of $13,049.
• Increase revenue from fuel usage billed to the Orland Fire Protection District in the amount of $54,619.
The increase in expenditures is due to the following:
• Increase expenditures related to additional enrollments in the karate program in the amount of $13,049.
• Increase expenditures related to fuel usage billed to the Orland Fire Protection District in the amount of $54,619.
• Transfer budget of $4,312 from the Recreation & Parks Fund to the General Fund for mulch and rock application.
• Increase expenditures for pavement maintenance in the amount of $80,000.
On November 5, 2018, this item was reviewed by the Finance Committee, recommended for approval, and referred to the Village Board of Trustees for consideration.
Financial Impact
The attached spreadsheet identifies the budget impact.
Recommended Action/Motion
I move to approve increasing the FY2018 revenue budget by $67,668 and increasing the FY2018 expenditure budget by $147,668.