File #: 21-0323    Version: 1 Name:
Type: Presentation Status: Action Item
File created: 3/17/2021 In control: Finance Committee
On agenda: 3/22/2021 Final action: 3/22/2021
Title: The following 2020 Budget adjustments were approved by the Mayor and Finance Director in accordance with Policy: Community Development Block Grant Fund Federal Grant +$ 679 Grant Payments +$ 679 to record additional CDBG grant funds received Continuum of Care Grant Fund State Aids +$ 6,746 Salaries +$ 6,746 to record additional State grant funds received General Fund Transfer Out - Capital Projects Fund +$439,320 Library Neighborhood Study +$100,000 Contribution to ARA Business Grant Program +$ 50,000 Fund Balance +$589,320 Information Technology Capital Projects Fund Fund Balance +$439,320 Transfer In - Capital Projects Fund +$439,320 to record use of excess general fund balance (approved at October 21, 2020 Council) per policy

Title

The following 2020 Budget adjustments were approved by the Mayor and Finance Director in accordance with Policy:

 

Community Development Block Grant Fund

Federal Grant                                                                                                                                                                                                                                                            +$       679

Grant Payments                                                                                                                                                                                                                                                            +$       679

 

to record additional CDBG grant funds received

 

Continuum of Care Grant Fund

State Aids                                                                                                                                                                                                                                                                                 +$    6,746

Salaries                                                                                                                                                                                                                                                                                                      +$    6,746

 

to record additional State grant funds received

 

General Fund

Transfer Out - Capital Projects Fund                                                                                                                              +$439,320

Library Neighborhood Study                                                                                                                                                                        +$100,000

Contribution to ARA Business Grant Program                                                               +$  50,000

Fund Balance                                                                                                                                                                                                                                                            +$589,320

 

Information Technology Capital Projects Fund

Fund Balance                                                                                                                                                                                                                                                            +$439,320

Transfer In - Capital Projects Fund                                                                                                                                                   +$439,320

 

to record use of excess general fund balance (approved at October 21, 2020 Council) per policy