HomeMy WebLinkAboutCC AG PKT 2002-06-10 #HAGENDA REPORT 1
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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: 2001/2002 Appropriations Limit Amendment
SUMMARY OF REOUEST:
Staff requests Council amend Resolution Number 4909 to approve the adjusted appropriations
limit for Fiscal Year 2001/02 by adoption of attached resolution.
BACKGROUND:
Every fiscal year the calculated appropriations limit is reviewed by the independent audit firm
retained by the City to complete the annual City financial audit. For Fiscal Year 2001 /02 the
auditors noted an error was made in the appropriations limit calculation. The correct
appropriations limit for Fiscal Year 2001/02 is $14,189,580. The amount approved with
Resolution Number 4909 was $16,176,470.
FISCAL IMPACT:
There is no fiscal impact to the General Fund.
RECOMMENDATION:
Amend Resolution Number 4909 to reflect the correct appropriations limit for Fiscal Year
2001/02 by adoption of attached resolution.
Pamelarends-King�
Director of Administrative Services/Treasurer
NOTE t VE��� /f
John B. aho Cit� anager
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