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File #: 2014-0169    Version: Name: 2014 First Quarter Budget Adjustments - Approval
Type: MOTION Status: PASSED
File created: 3/12/2014 In control: Board of Trustees
On agenda: 4/21/2014 Final action: 4/21/2014
Title: 2014 First Quarter Budget Adjustments - Approval
Attachments: 1. 2014 Budget Adjustments

Title

2014 First Quarter Budget Adjustments - Approval

 

History

A detailed spreadsheet (by fund) of budget adjustments is attached showing an increase in revenues of $141,450 and an increase in expenditures of $592,223.

 

The increase in revenues is due to the following:

 

                     An operating transfer, in the amount of $141,450 to the Open Lands Fund from the General Fund. 

 

The increase in expenditures is due to the following:

 

                     Stellwagen Farm and the Pebble Creek Nature Center project expenditures funded by the operating transfer from the General Fund.

                     •    Purchase of the Dignan property budgeted in FY2013, funds disbursed in FY2014. 

 

Financial Impact

The attached spreadsheet identifies the budget impact.

 

On April 7, 2014, this item was reviewed by the Finance and Information Technology Committee, recommended for approval and referred to the Village Board of Trustees for consideration.

 

Recommended Action/Motion

I move to approve increasing the FY2014 revenue budget by $141,450 and increasing the FY2014 expenditure budget by $592,223.