File #: 22-1100    Version: Name:
Type: Report Action Item Status: Passed
File created: 8/19/2022 In control: Finance Committee
On agenda: 8/22/2022 Final action: 9/7/2022
Title: Request to approve the allocation of excess General Fund balance at December 31, 2021 and the following related 2022 Budget amendments: General Fund Transfer Out - IT Capital Projects Fund +$ 550,000 Public Works Department +$ 150,000 General Administration +$ 50,000 Public Works and Park & Recreation Departments +$ 150,000 General Fund Balance - Reserve for Contingencies +$ 275,000 General Fund Balance - $1,175,000 IT Capital Projects Fund Transfer In - General Fund +$ 550,000 Machinery & Equipment +$ 550,000 to allocate excess general fund balance at 12/31/21 per City Fund Balance Policy (2/3 vote of Council required)
Attachments: 1. 2022 Excess Fund Balance Memo.pdf

TItle

Request to approve the allocation of excess General Fund balance at December 31, 2021 and the following related 2022 Budget amendments:

 

General Fund

Transfer Out - IT Capital Projects Fund                                                                                                                                                   +$   550,000

Public Works Department                                                                                                                                                                                                                  +$   150,000

General Administration                                                                                                                                                                                                                                       +$     50,000

Public Works and Park & Recreation Departments                                                                      +$   150,000

General Fund Balance - Reserve for Contingencies                                                                                    +$   275,000

General Fund Balance                                                                                                                                                                                                                                       - $1,175,000

 

IT Capital Projects Fund

Transfer In - General Fund                                                                                                                                                                                                                  +$   550,000

Machinery & Equipment                                                                                                                                                                                                                                       +$   550,000

 

to allocate excess general fund balance at 12/31/21 per City Fund Balance Policy (2/3 vote of Council required)