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THE CITY OF 7 <br /> CITY COUNCIL AGENDA REPORT /// <br /> P L£�Sf�NT,,. .. . ::� ON® <br /> March 20, 2012 <br /> Finance Department <br /> TITLE: ADOPT A RESOLUTION TO ACCEPT THE 2010/11FY YEAR-END <br /> FINANCIAL REPORT OF THE CAPITAL IMPROVEMENT PROGRAM <br /> (CIP) BUDGET AND AMEND THE 2010/11FY CIP BUDGET <br /> SUMMARY <br /> This report describes the results of the 2010/11FY Capital Improvement Program (CIP) <br /> Budget. <br /> RECOMMENDATION <br /> Staff recommends that Council adopt the attached resolution to take the following <br /> actions: <br /> 1. Amend the 2010/11FY CIP as detailed in Appendix A (Recommended Year-End <br /> Amendments). Staff recommends that Council approve the items in Appendix A. <br /> Those items have a net increase in budgeted revenues and transfers of $12,117 <br /> and $1,093,800, respectively, and a net increase in budgeted expenditures of <br /> $92,158. <br /> 2. Approve the CIP budget carryovers to 2011/12FY detailed in Appendix B. <br /> 3. Accept the Year-End report as summarized in Appendix C. <br /> FINANCIAL STATEMENT <br /> The recommended actions will formalize Council's decisions since the last <br /> approved budget adjustments (Midyear Budget Review approved June 21 , 2011) <br /> and approve any modifications to the CIP Budget as outlined in this report. <br />