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EXECUTIVE SUMMARY

Meeting Date: 9/14/2009
AGENDA #5k


Title of Agenda Item: Annual Budget Ordinance Amendment to Reappropriate Funds for Prior Year Encumbrances and other obligations.  (O-8) 

Background: After each fiscal year end, a budget ordinance amendment is prepared for the Council's approval to provide funding for encumbrances, Grant Fund carry-overs and CIP project carry-overs. Encumbrances are obligations initiated in the prior year for which payment was not made. The Grant Fund carry-overs and CIP project carry-overs provide funding for projects that span the two fiscal years.

Fiscal Note: Funds associated with this item where originally budgeted in FY2008-09 and are being moved to FY2009-10. The attached budget ordinance amendment will result in additional appropriations in various funds as follows:  
 - General Fund                        $850,673
 - CIP Fund                               550,762
 - Transit                                     13,190
 - Off Street Parking                    38,899
 - Downtown Service Dist.           40,000
 - Stormwater                            406,629
 - Grants Fund                           525,526

Recommendations: That the Council consider enacting a budget ordinance amendment reappropriating unexpended obligations from the 2008-09 fiscal year and the attached multi-year capital projects ordinance.


ATTACHMENTS:
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Staff Memorandum
Ordinance