RES 96031 - Laserfiche WebLink

Honorable Mayor and Members of the Council: BACKGROUND The purpose of this report is to present the status of operating and capital improvement budgets for the period July 1- September 30, 1995. Only a few clean-up actions are being requested. Specifically, the worksheets in the attached appendices blend the current year (1995-96) budgets with the carryovers from 1994-95 that Council approved as part of the year-end 1994-95 Financial Report. Any budget amendments that Council adopted in the first three months of the fiscal year are also reflected in the worksheets, as well as any corrections to the beginning fund balances that resulted from audited adjustments. Staff delayed presenting this report because it was utilized as a training exercise for a new Finance Department staff member, who prepared all the worksheets and did all the analysis. Because there are only a few very minor changes being reflected, the delay of the report had no significant impact on any financial decisions. OVERVIEW OF FIRST QUARTER 1995-96 Chan~,es to Beginnin_~ Fund Balance The only change to beginning fund balances in the Operating Budget was an increase of $52,000 to the General Fund ending June 30, 1995 balance as a result of audit adjustments. In the CIP, only the beginning balance in the Miscellaneous Expansion CIP changed, with an increase of $3,700. Recommended First Ouarter Amendments There are no amendments being recommended in the Operating Budget. The Parks CIP reflects the dose-out of the Senior Park project, freeing up $6,200 which will remain in the fund balance until rebudgeted for another project. The Water CIP reflects a correction of $20,000, which resulted from a 1994-95 project being inadvertently excluded from the carryover list. SR96:120 2