Title
2012 Budget Adjustments - Approval
History
A detailed spreadsheet (by fund) of budget adjustments is attached showing an overall decrease in revenues of $24,573 and an overall increase in expenditures of $25,470,536. The General and Recreation and Parks Funds have equal adjustments in revenue and expenditures due to the transfer of funds from the Stabilization Fund for staffing changes. The General Fund adjustment to revenues and expenditures is $90,765 and the adjustment for the Recreation and Parks Fund is $180,678. The remaining adjustments are as follows.
The remaining adjustments to revenues are due to the following:
-- Reduce the operating transfer to the Capital Improvement Fund in the amount of $2,648,008. This operating transfer was from the land.
--Increase the operating transfer to the Home Rule Sales Tax in the amount of $2,351,992 for previous transfers to the Capital Improvement Fund for the funding of the purchase of Main Street Triangle property. As noted above, an operating transfer recorded as revenue of the Capital Improvement Fund did not need to occur as this transaction was instead set up as a loan from the Home Rule Sales Tax Fund to the Main Street Triangle TIF Fund.
--Increase the Water & Sewer Administrative Fee in the General Fund due to the transfer of personnel previously charged to the Water & Sewer Fund to theDevelopment Services Department.
--Increase the operating transfer to the Recreation & Parks Fund to cover the transfer of personnel to the Recreation Department that were previously charged the General Fund Administration Department.
The remaining increase in expenditures is due to the following:
--Reduce transfer of funds from the Home Rule Sales Tax Fund to the Capital Improvement Fund in the amount of $2,648,008 for the funding of the purchase of Main Street Triangle property.
--Increase transfer of funds from the Capital Improvement Fund to the Home Rule Sales Tax Fund in the amount of $2,351,992 for t...
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