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V $1,043,444 increase in Repairs and Maintenance for the following Operations <br /> Service Department contract expenses: <br /> Table 4. Repairs and Maintenance Expenses <br /> Repairs and Maintenance Expense Increased Amount <br /> Custodial Maintenance Contract $364,944 <br /> As approved by Council in September 2019 <br /> HVAC Repair As-needed Contract 128,500 <br /> Transfer$550,000 from Materials and Supplies 550,000 <br /> budget to correctly account for contracts <br /> Total $1,043,444 <br /> ✓ A net decrease of $792,973 in Materials and Supplies that is comprised of the <br /> following: <br /> Table 5. Materials and Supplies Expenses <br /> Increased/(Decrea <br /> Materials and Supplies Expenses sed) Amount <br /> Contingency ($781,261) <br /> Transfer Budget to Repairs and Maintenance (550,000) <br /> Public Art Maintenance 60,000 <br /> Utilities (Water, Sewer& Electricity) 135,500 <br /> Joint Police Services Center Equipment 20,080 <br /> Water Leak Adjustments - 20,000 <br /> Adjustments to water bills to account for leaks <br /> need to be funded out of the General Fund <br /> Engineering Professional Services 350,000 <br /> Off-set by $325,000 in increased reimbursements <br /> Miscellaneous Net Decreases (47,292) <br /> Total ($792,973) <br /> Staff is also asking Council to ratify adjustments approved by the City Manager totaling <br /> $781,261 funded from the Contingency for Management and Confidential employee <br /> raises ($281,261) and, as previously discussed, to fund three new positions ($500,000). <br /> With these adjustments, there is $398,480 remaining in the Contingency to fund <br /> unforeseen expenses. <br /> There are no proposed adjustments to Operating Transfers in the Midyear Budget. <br /> General Fund Reserves and Fund Balance —As previously noted, staff recommends <br /> increasing General Fund Reserves by $2 million. Table 6 on the following page, <br /> identifies the General Fund reserve at June 30, 2019, the addition of the proposed $2 <br /> million and the revised ending fund balance of $30.6 million. The City's reserve policy <br /> requires a minimum reserve equal to 20 percent of operating expenses and a target of <br /> 25 percent. The proposed General Fund reserve of$30.6 million equals 25.7 percent of <br /> the General Fund operating expenses. <br /> Page 4 of 8 <br />