budget amendment

1. Presented By: Robert Galindo
Finance Director
Item # 7
City Council Meeting
September 26, 2016
BUDGET AMENDMENT FOR
FY 2015-16 ADOPTED BUDGET

2. 1st Quarter Financial Report 2
• Total revenue projections for current
fiscal year are $9,679,614 and adopted
budget is $9,473,607.
• Projected total expenses are $8,626,923
and the adopted budget is $9,316,715.
• Revenue over expenses are projected at
$852,691.
General Fund FY 2015-16 Projections

3. 3
• City staff recommends using $571,099 of the
projected positive balance for a budget amendment.
• Budget amendment would be for transfers from the
General Fund to Streets Maintenance, Capital
Replacement Fund, Capital Projects Fund and
Special Revenue Fund.
General Fund Fiscal Year 2015-16
Budget Amendment

4. 4
General Fund Fiscal Year 2015-16
Budget Amendment
Fiscal Year 2015-16 Transfers from General Fund to: Adopted Budget FY 2015-16 9-26-16 Budget Amendment Total
Streets Maintenance Fund $ - $ 370,000 $ 370,000
Capital Replacement Fund $ 200,000 $ 150,000 $ 350,000
Capital Projects Fund $ - $ 50,000 $ 50,000
Special Revenue Fund TNR Program $ - $ 1,099 $ 1,099
Total $ 200,000 $ 571,099 $ 771,099

5. 5
The budget amendment is in line with fiscal
and budgetary policies to fund capital projects
and replacement of equipment on a pay as
you go method and
Budget amendments between funds require
Council approval
Budget Amendment to Fiscal Year
2015-16 Adopted Budget

6. 6
 The Streets Maintenance Fund is funded through a ¼ cent sales
tax and transfers from the General Fund. The adopted budget did
not have a transfer to the Streets Fund from the General Fund.
 The Capital Replacement Fund is funded through transfers from
the General Fund.
 The Capital Projects fund is for capital projects. The transfer to
the Capital Projects Fund of $50,000 is for the renovation of the
historic trolley stop.
 The transfer to the Special Revenue Fund is to reconcile
donations for animal care services through last fiscal year end
9-30-15.
Budget Amendment to Fiscal Year
2015-16 Adopted Budget

7. 7
 An ordinance to amend the Fiscal Year 2015-16
adopted budget with transfers to the Streets
Maintenance Fund, Capital Replacement Fund,
Capital Projects Fund and Special Revenue Funds
for a total of $571,099 and to execute all necessary
budget documents and accounts necessary to
complete the budget amendment.
Budget Amendment to Fiscal Year
2015-16 Adopted Budget