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City P !.easanton_ <br /> ORT <br /> J <br /> <br /> April 4, 1989 <br /> Finance Department <br /> <br />SUMJECT: 1988-89 Mid-Year Budget Amendments <br /> <br />STAFF RECOMMENDATION: <br /> <br /> Staff recommends that Council approve the <br /> following amendments to the 1988-89 fiscal <br /> year budget. <br /> <br /> 1. Delete the transfer of $515,399 for staff <br /> engineering costs from the Capital <br /> Improvement Program to the General Fund <br /> Operating Budget. <br /> <br /> 2. Appropriate $90,000 from the General Fund <br /> for commissions to the City's contracted <br /> Sales Tax Auditor for recovery of Sales <br /> Tax funds misallocated by the State. <br /> <br /> 3. Appropriate an additional $215,000 from <br /> the Water Fund for the estimated <br /> increased cost of purchased water. <br /> <br />Honorable Mayor and Members of the Council: <br /> <br />BACKGROUND <br /> <br />After reviewing the current 1988-89 Budget, staff is recommending <br />some amendments based on current information that was not <br />available at the time the budget was prepared last Spring. <br /> <br />General Fund <br /> <br />When the 1988-89 Budget was prepared, an estimated transfer of <br />$515,399 to the General Fund from the Capital Improvement Funds <br />was included. This transfer was intended to reimburse the <br />General Fund for the estimated cost of staff engineering time <br /> <br />SR:89:157 <br /> <br /> <br />