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THE CITY OF <br /> ^a! � .� <br /> f L�EASANTON. CITY COUNCIL AGENDA REPORT <br /> February 15, 2011 <br /> Finance Department <br /> TITLE: ADOPT A RESOLUTION TO ACCEPT THE 2009 /10FY YEAR -END <br /> FINANCIAL REPORT OF THE CAPITAL IMPROVEMENT PROGRAM <br /> (CIP) BUDGET AND AMEND THE 2009/10FY CIP BUDGET <br /> SUMMARY <br /> This report describes the results of the 2009/10FY 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 2009/10FY 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 of $105,560 and a net <br /> decrease in budgeted expenditures of $1,386,309. <br /> 2. Approve the CIP budget carryovers to 2010/11 FY detailed in Appendix D. <br /> 3. Accept the Year -End report as summarized in Appendix E. <br /> FINANCIAL STATEMENT <br /> The recommended actions will formalized Council's decisions since the last <br /> approved budget adjustments (Midterm Budget Review approved June 1, 2010) <br /> and approve any modifications to the CIP Budget as outlined in this report. There <br /> is no significant fiscal impact beyond what has already been approved by the City <br /> Council when the CIP Budget was previously amended on June 1, 2010. As was <br /> noted at the time the CRP Budget was originally adopted, there will be future <br /> maintenance costs associated with the construction of the additional /expanded <br /> facilities and infrastructure. <br />