Title
Adopt a Resolution for 2023-2024 Budget Amendments Approving Year-End 2022-2023 One-Time Carry-Over Appropriations for General Fund and Information Technology Fund
Staffreport
SUMMARY AND RECOMMENDATIONS
Staff report for a City Council resolution that approves 2022-2023 year-end carry-over appropriations in the 2023-2024 budget.
BACKGROUND
The City Council approves the annual budgets based on the best revenue and expenditure information available several months prior to the adoption of the 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 $1,459,100. 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 ($870,900)
* Information Technology ($123,400)
FISCAL IMPACT
The proposed budget amendment for carryover appropriations of $1,459,100 from 2022-2023 year-end to 2023-2024 will increase the appropriations in the General Fund by $1,335,700 and the Information Technology Fund by $123,400.
REVIEW BY FINANCE COMMITTEE
The City Council Finance Committee reviewed the budget amendments approving year-end 2022-2023 one-time carry-over appropriations for the ...
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