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~TA. ~,EPORT 87:73 <br />Mid-Year Budget Review - 1986-87 Fiscal Year <br />February 17, 1986 <br />Page 4 <br /> <br />Summarized below are the amendments to the budget as of <br />January 20, 1987. <br /> <br />a. Expenditures budgeted 1985/86 carried forward $186,776 <br />b. Council Amendments 780,876 <br />c. Expenditures offset by Revenue 26~000 <br /> TOTAL $993,652 <br /> <br />The following is a detailed discussion of the information <br />summarized above. ~ <br /> <br />Expenditures Carried Forward: <br /> <br />The 1985-86FY expenditures carried forward to the 1986-87FY were <br />approved for expend4ture by the City Council in fiscal year <br />1985-86. However, for accounting purposes funds were not <br />expended until fiscal year 1986-87. These expenditures are as <br />follows: <br /> <br /> 1. TSM and General Plan Consultants $ 7,608 <br /> 2. Slurry Seal Contract 38,239 <br /> 3. Data Processing 47,221 <br /> 4. Police Replacement Vehicles 85,319 <br /> 5. Four Car Radios 5,004 <br /> 6. Storage Building - Fire Department 4,500 <br /> 7. Prepayment Police Tuition Costs (1,115) <br /> $186,776 <br /> <br /> Council Amendments: <br /> <br /> Council amendments through January 20, 1987 total $780,876. A <br /> complete listing of these amendments by resolution number are <br /> included in Appendix A to this report for Council's information. <br /> <br /> Reimbursable Expenditures: <br /> <br /> Expenditures that will be directly offset by revenues are for <br /> P.O.S.T. (Police Officer State Training) - $26,000. <br /> <br /> Estimated Expenditures: <br /> <br /> Based on the latest cost estimates submitted by staff, <br /> expenditures are projected to exceed the amended budget by <br /> $290~956 as shown previously by department in the table, Summary <br /> of General Fund Expenditures on page 3. <br /> <br /> <br />