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File #: 2018-0657    Version: Name: Budget Adjustments 3rd Quarter 2018 - Approval
Type: MOTION Status: PASSED
File created: 9/25/2018 In control: Board of Trustees
On agenda: 10/15/2018 Final action: 10/15/2018
Title: Budget Adjustments 3rd Quarter 2018 - Approval
Attachments: 1. Adjustments

Title

Budget Adjustments 3rd Quarter 2018 - Approval

 

History

A detailed spreadsheet (by fund) of budget adjustments is attached showing an increase in revenues of $504 and an increase in expenditures of $504.

 

The increase in revenues is due to the following:

 

                     Increase revenue from the Secret Service grant in the amount of $504.

                     Decrease transfer from Home Rule Sales Tax Fund to General Fund in the amount of $100,000 and increase transfer from Home Rule Sales Tax Fund to Capital Improvement Fund in the amount of $100,000.

 

The increase in expenditures is due to the following:

 

                     Increase expenditures related to the Secret Service grant in the amount of $504.

                     Decrease transfer from Home Rule Sales Tax Fund to General Fund in the amount of $100,000 and increase transfer from Home Rule Sales Tax Fund to Capital Improvement Fund in the amount of $100,000.

                     Transfer the budget related to the demolition of properties from the General Fund to the Capital Improvement Fund in the amount of $100,000.

                     Transfer the budget for the Email Blast Software from the Recreation & Parks Fund to the General Fund in the amount of $1,347.

 

On October 1, 2018, this item was reviewed and approved by the Finance Committee and referred to the Board of Trustees for approval.

 

Financial Impact

The attached spreadsheet identifies the budget impact.

 

Recommended Action/Motion

 

I move to approve increasing the FY2018 revenue budget by $504 and increasing the FY2018 expenditure budget by $504.