Title
Budget Adjustments 2nd Quarter FY08 - Approval
History
A detailed spreadsheet (by fund) of budget adjustments is attached showing an increase in expenditures of $70,850.
The increase in expenditures is due to the following:
--Transfer of an employee from the Village Manager’s Office to Recreation and Parks which decreases the General Fund budget by $15,068 and increases the Recreation and Parks Fund budget by $15,068.
--Property mitigation for the Doctor Marsh property for $56,600.
--Pre-design for the security cameras at the commuter lots for $14,250.
On March 24, 2008, this item was reviewed and approved by the Finance Committee and referred to the Board for approval.
Financial Impact
The attached spreadsheet identifies the budget impact.
Recommended Action/Motion
I move to approve amending the FY2008 expenditure budget by $70,850.