This document summarizes a public hearing held on January 26, 2017 to consider Budget Amendment #1 for the fiscal year 2017 budget. The amendment includes rolling over $5.85 million in encumbrances from fiscal year 2016 to 2017, including funds for a ladder truck and other vehicles ordered but not received in 2016. It also includes $63,500 for park improvements and $200,000 for a sewer extension project. To fund these, $200,000 will be transferred from the Economic Development Fund to the Wastewater Capital Improvement Project Fund. The city council will consider approving the budget amendment and interfund transfer.