Title
Staff Report for a 2023-2024 Budget Amendment Approving Year-End 2022-2023, One-Time Carry-Over Appropriations for the General Fund and Environmental Services Fund.
Staffreport
SUMMARY AND RECOMMENDATIONS
Staff recommends the City Council Finance Committee review and recommend the City Council approve the 2022-2023 year-end, carry-over appropriation of funds in 2023-2024.
BACKGROUND
The City Council approves annual budgets based on the best revenue and expenditure information available several months prior to the adoption of budget appropriations. The City Council approved the 2023-2024 budget on May 15, 2023. Budget adjustments are periodically necessary for circumstances that arise and require additional budget appropriations. This budget amendment, accounting for 2022-2023 carry-over appropriations from the prior fiscal year, would be the initial change for the 2023-2024 budget approved by the City Council.
DISCUSSION
Approved General Fund expenditure appropriations for the prior fiscal year amount to $159,816,000. Subject to finalizing the annual audit, the City’s actual expenditures amounted to $146,956,000- expenditures below budget appropriations by $12,860,000. Staff recommends the 2022-2023 expenditure appropriation budget amendment reappropriating a total of $1,459,148. Carry-over appropriations include:
• City Attorney Consulting ($40,000)
• City Council Consulting ($27,500)
• City Manager Consulting ($297,350)
• Non-Departmental City Manager Contingency ($99,900)
• Police Department-Professional Standards/Consulting ($870,921)
• Information Technology ($123,427)
FISCAL IMPACT
The proposed budget amendment for carryover appropriations of $1,459,148 from 2022-2023-year end to 2023-2024 will increase the appropriations in the General Fund by $1,335,721 and the Information Technology Fund by $123,427
ATTACHMENT
• Attachment A-Summary 2022-23 Carryover Budget Adjustment for 2023-24
• Attachment B-Detail 2022-23 Carryover Budget Adjustment for 2023-24
• Attachment C-Budget Adjustments for FY 2023-24 Presentation
PREPARED BY
Mayette Bailey, Finance Manager