HomeMy WebLinkAboutCC AG PKT 2002-06-10 #Fp
AGENDA REPORT tj0 0
0'
DATE: June 10, 2002
TO: Honorable Mayor and City Council
THRU: John B. Bahorski, City Manager
FROM: Pamela Arends -King, Director of Administrative Services/Treasurer
SUBJECT: Adjust FY2001/02 Labor Budget per OTS Grant
Agreement
SUMMARY OF REQUEST:
Staff requests authorization from Council to adjust the budget in accordance with the
terms laid out in the Office of Traffic Safety grant agreement.
BACKGROUND:
In prior years, grants have not been budgeted. The Finance Department is now budgeting
every grant we have enough data to project the expenditures. The OTS officer's full
salary was originally budgeted in the General Fund. The OTS grant terms allow the City
to charge 50% of the OTS Police Officer's pay to the grant. The budget amendment
would transfer 50% of the OTS officer's pay to the grant fund.
FISCAL IMPACT:
Staff estimates the total decrease in the General Fund's budget for salary and special pay
costs is $35,630 and will increase undesignated fund balance. The current undesignated
fund balance is $3,374,938. With the transfer of the budgeted expenditure the
undesignated fund balance will be $3,410,568.
RECOMMENDATION:
Staff recommends City Council amend the budget to more realistically reflect actual
labor costs for this fiscal year.
Pamela Arends -King
Director of Administrative Services/Treasurer
VIB3 P VFy�
orski r
A genda Item
blil
�' I