Laserfiche WebLink
<br />facilities not funded by new development. General Obligation or assessment bonds could <br />be used to fInance some of these facilities. However, the balance will need to be funded <br />by the General Fund at a cost of approximately one to three millions dollars annually <br />(either in cash or lease purchase payments). Therefore, as part of the City's long term <br />financial planning and budgeting, we should expect to annually fund some portion of <br />future capital projects from the General Fund. <br /> <br />General Fund Recommended Carryovers <br /> <br />The reserve for carryovers is used to provide the funds for specific goods and services <br />which were budgeted in 1993-94 but which had not been received or completed by June <br />30, 1994 (see Appendix E). Similar reserves are recommended in the Water, Sewer and <br />other Operating Funds, and the Capital Improvement Funds. Approving these types of <br />carryovers has been routinely done each year. These carryovers will be reflected as <br />amendments to the 1994-95 budget. <br /> <br />Recommended General Fund expenditure carryovers total $644,000. These carryovers <br />consist of $311,000 for goods and services for which commitments have been made. <br />Also included is $333,000 for Council approved items that staff is recommending be <br />done, but for which contracts/commitments have not been finalized. These consist of <br />$200,000 for the General Plan Update; $22,000 for Engineering CAD software; $11,000 <br />for contract services; $9,000 for equipment; $8,000 in reimbursab1es (offset by revenue); <br />$14,000 for Main Street marketing; and $69,000 for additional City Hall space, which <br />has previously been approved by Council. <br /> <br />As Was done last year, Staff is recommending that $309,000 in savings from various <br />departments be carried over to 1994-95 as supplemental transfers to be added to various <br />reserves for future use as follows: <br /> <br />RECOMMENDED TRANSFER TO: AMOUNT SAVINGS FROM: <br />Facility Replacement Fund $10,000 General Serv Dept. maintenance savings <br />Data Processing Replacement Fund 22,000 DP Dept net amount under budget <br />Fire Vehicle Replacement Fund 12,000 Fire Dept repairs/supplies savings <br />Patrol V chicle Replacement Fund 30,000 Police Department transportation savings <br />Retirees' Medical Reserve Fund 135.000 City-wide reduction in vacation liability <br />Park Renovation Fund 100,000 Park Dept net amount under budget <br />Total $309,000 <br /> <br />SR 94:365 <br /> <br />10 <br />